UNIVERSAL 1 CREDIT UNION (EIN 310387145) - 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

1937

Legal Domicile

Principal Officer

JESSICA O JONES

Phone

9372256800

Tax Period

2024-01-01 to 2024-12-31

UNIVERSAL 1 CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $26.4M in total revenue in fiscal year 2024.

Mission

STATE-CHARTERED CREDIT UNION ORGANIZED TO PROVIDE MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,226,060

Investment Income $6,180,878

Other Revenue $0

TOTAL REVENUE $26,406,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,081,245

Fundraising Expenses $0

Other Expenses $18,867,263

TOTAL EXPENSES $25,948,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,406,938	$26,354,343	+0.0%
Expenses	$25,948,508	$23,575,926	+0.1%
Net Income	$458,430	$2,778,417	-0.8%

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

120

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

$2,012,745

Total Directors

$446,414

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA O JONES	PRESIDENT/CEO	36.00	Officer Director	$421,597	$24,817	$446,414
JEFFREY W GAMMELL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL P THONNERIEUX	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSEMARY D DOMANSKY	DIRECTOR	1.00	Officer Director	$0	$0	$0
NANCY J STAPP	DIRECTOR	1.00	Officer Director	$0	$0	$0
JASON A KERSHNER	DIRECTOR	1.00	Officer Director	$0	$0	$0
MAKELL BACCUS	DIRECTOR	1.00	Officer Director	$0	$0	$0
KATHRYN M LEWIS	TREASURER/CFO	36.00	Officer	$180,975	$39,304	$220,279
LISA N SCHAEFER	CHIEF OPERATIONS OFFICER	36.00	Officer	$218,466	$44,657	$263,123
MICHAEL L HARDWICK	CHIEF INFORMATION OFFICER	36.00	Officer	$186,288	$12,548	$198,836
KAREN SHROYER	CHIEF ADMINSTRATION OFFICER	36.00	Officer	$160,418	$10,865	$171,283
MITCH VOCKE	CHIEF LENDING OFFICER (START 07/24)	36.00	Officer	$61,323	$831	$62,154
MOLLY L FENNELL	VP OPERATIONS	36.00	Officer	$109,085	$35,727	$144,812
DANIEL L GOUGE	VP DIGITAL STRATEGY	36.00	Officer	$112,563	$41,250	$153,813
RODERICK L PINKNEY	VP RISK MANAGEMENT	36.00	Officer	$109,679	$33,942	$143,621
SAM MCLAIN	VP MARKETING	36.00	Officer	$77,720	$32,320	$110,040
LAWRENCE J FERNANDEZ	VP LENDING (THRU 1/31/24)	36.00	Officer	$22,370	$2,744	$25,114
AMBER BEARD	VP HUMAN RESOURCES (THRU 5/24/24)	36.00	Officer	$61,401	$11,855	$73,256

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	$26,406,938	$25,948,508	$417,734,447	$458,430
2023	$26,354,343	$23,575,926	$417,035,587	$2,778,417
2022	$20,536,966	$18,365,211	$453,082,352	$2,171,755
2021	$18,974,323	$15,002,754	$475,826,892	$3,971,569
2020	$18,399,361	$17,554,896	$452,632,301	$844,465
2019	$21,416,297	$19,729,060	$423,716,424	$1,687,237
2018	$21,366,208	$20,528,883	$416,141,862	$837,325

UNIVERSAL 1 CREDIT UNION