IH CREDIT UNION (EIN 310502711) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

ROBB WHITE

Phone

9373901800

Tax Period

2023-01-01 to 2023-12-31

IH CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $21.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $46.7M represent 27 months of operating reserves.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,341,291

Investment Income $3,673,142

Other Revenue $0

TOTAL REVENUE $21,014,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,820,163

Fundraising Expenses $0

Other Expenses $15,582,538

TOTAL EXPENSES $21,402,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,014,433	$15,793,774	+0.3%
Expenses	$21,402,701	$16,415,496	+0.3%
Net Income	$-388,268	$-621,722	-0.4%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$1,635,069

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DEGENHART	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE PEABODY	DIRECTOR	1.00	Director	$0	$0	$0
KIM VICTORIA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARSHAW	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN COBBS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
KIM TYLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBB WHITE	PRESIDENT/CEO	40.00	Officer	$414,069	$71,515	$485,584
VERONICA VANBOURGONDIEN	VP HR	40.00	Officer	$158,930	$49,380	$208,310
TED SHULL	CFO	40.00	Officer	$241,395	$29,892	$271,287
MIKE DAVIS	COMPLIANCE	40.00	Officer	$140,044	$49,380	$189,424
MELISSA GLOCK	VP LENDING	40.00	Officer	$143,106	$29,892	$172,998
CASEY LEONARD	VP INFO. SYSTEMS	40.00	Officer	$121,704	$33,168	$154,872
BETH WILLIS	VP OPERATIONS	1.00	Officer	$103,214	$49,380	$152,594

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	$21,014,433	$21,402,701	$358,215,442	$-388,268
2022	$15,793,774	$16,415,496	$380,287,060	$-621,722
2021	$14,795,069	$12,344,405	$344,796,959	$2,450,664
2020	$15,104,624	$12,807,560	$315,039,786	$2,297,064
2019	$15,244,026	$13,906,180	$291,987,881	$1,337,846
2018	$15,242,399	$14,030,586	$296,147,727	$1,211,813

IH CREDIT UNION