WRIGHT-PATT CREDIT UNION INC (EIN 310278870) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Phone

8007620047

Tax Period

2023-01-01 to 2023-12-31

WRIGHT-PATT CREDIT UNION INC, founded in 1932, is a major nonprofit that reported $518.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $447.4M left a modest 14% surplus.

Mission

TO PROMOTE THRIFT SAVINGS, BORROWING, AND FINANCIAL SERVICES AMONG ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $514,871,580

Investment Income $3,138,420

Other Revenue $0

TOTAL REVENUE $518,010,000

Expense Breakdown

Grants Paid $836,456

Salaries & Benefits $125,794,534

Fundraising Expenses $0

Program Expenses $0

Other Expenses $320,747,010

TOTAL EXPENSES $447,378,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$518,010,000	$382,105,647	+0.4%
Expenses	$447,378,000	$300,406,139	+0.5%
Net Income	$70,632,000	$81,699,508	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1605

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$7,107,736

Total Directors

$140,519

Key Employees

$263,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR	2.0	Director	$14,400	$0	$14,400
N/A	DIRECTOR; TREASURER	2.0	Director	$16,540	$0	$16,540
N/A	DIRECTOR; SECRETARY	2.0	Director	$14,477	$0	$14,477
N/A	DIRECTOR	2.0	Director	$14,400	$0	$14,400
N/A	DIRECTOR; CHAIR	2.0	Director	$16,800	$0	$16,800
N/A	DIRECTOR; VICE CHAIR	2.0	Director	$18,076	$0	$18,076
N/A	DIRECTOR	2.0	Director	$14,400	$0	$14,400
N/A	DIRECTOR, ASSISTANT SECRETARY (END DATE 01/2023)	2.0	Director	$1,200	$0	$1,200
N/A	DIRECTOR; ASSISTANT TREASURER	2.0	Director	$15,826	$0	$15,826
N/A	DIRECTOR; ASSISTANT SECRETARY	2.0	Director	$14,400	$0	$14,400
N/A	CHIEF ADMINISTRATIVE OFFICER	39.0	Officer	$445,775	$44,983	$490,758
N/A	MARKET PRESIDENT - COLUMBUS MARKET	40.0	Officer	$87,588	$5,686	$93,274
N/A	VP, ASSISTANT GENERAL COUNSEL	40.0	Officer	$61,704	$6,487	$68,191
N/A	VP OF INTERNAL AUDIT	40.0	Officer	$228,842	$42,802	$271,644
N/A	VP, CONSUMER LENDING	40.0	Officer	$213,485	$13,449	$226,934
N/A	CHIEF FINANCIAL OFFICER	40.0	Officer	$578,662	$55,680	$634,342
N/A	CHIEF LENDING OFFICER	40.0	Officer	$424,658	$55,504	$480,162
N/A	VP, FRAUD RISK MANAGEMENT	40.0	Officer	$124,076	$20,076	$144,152
N/A	CHIEF RISK OFFICER	40.0	Officer	$404,309	$36,009	$440,318
N/A	CHIEF INFORMATION OFFICER	40.0	Officer	$332,836	$22,690	$355,526
N/A	SENIOR VP, MEMBER EXPERIENCE	40.0	Officer	$307,960	$49,224	$357,184
N/A	VP, ASSISTANT GENERAL COUNSEL	40.0	Officer	$284,061	$49,946	$334,007
N/A	VP, MEMBER BUSINESS SERVICES	40.0	Officer	$193,838	$41,348	$235,186
N/A	VP, INFORMATION TECHNOLOGY	40.0	Officer	$46,516	$2,252	$48,768
N/A	CHIEF LEGAL OFFICER	40.0	Officer	$390,239	$53,430	$443,669
N/A	CHIEF OPERATING OFFICER	40.0	Officer	$498,835	$38,204	$537,039
N/A	SENIOR VP, COMPLIANCE & BSA	40.0	Officer	$317,478	$40,550	$358,028
N/A	PRESIDENT & CEO	39.0	Officer	$1,022,274	$101,386	$1,123,660
N/A	MARKET PRESIDENT - COLUMBUS MARKET (END 02/2023)	40.0	Officer	$103,153	$6,149	$109,302
N/A	SENIOR VP, MARKETING & BUSINESS DEVELOPMENT	27.0	Officer	$313,409	$42,183	$355,592
N/A	DIRECTOR, RETAIL MORTGAGE ORIGINATIONS	40.0	Key Emp	$221,998	$41,637	$263,635
N/A	SENIOR FINANCIAL ADVISOR	40.0	Highest	$295,251	$54,516	$349,767
N/A	SENIOR FINANCIAL ADVISOR	40.0	Highest	$341,940	$42,685	$384,625
N/A	INTERIM PRESIDENT OF MYCU MORTGAGE	40.0	Highest	$272,542	$40,480	$313,022
N/A	DIRECTOR, RETIREMENT SOLUTIONS	40.0	Highest	$411,737	$50,030	$461,767
N/A	PRESIDENT OF MYCU MORTGAGE (END 07/2023)	40.0	Highest	$299,855	$27,408	$327,263

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$518,010,000	$447,378,000	$8,334,337,144	$70,632,000
2022	$382,105,647	$300,406,139	$7,794,453,245	$81,699,508
2021	$342,592,866	$237,669,411	$7,134,316,247	$104,923,455
2020	$322,920,847	$246,584,979	$6,249,879,363	$76,335,868
2019	$301,810,002	$225,776,563	$5,091,928,563	$76,033,439
2018	$251,057,600	$194,917,756	$4,428,100,680	$56,139,844

WRIGHT-PATT CREDIT UNION INC