1307 DAY AIR CREDIT UNION

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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

1945

Legal Domicile

Principal Officer

WILLIAM BURKE

Phone

9376432160

Tax Period

2023-01-01 to 2023-12-31

1307 DAY AIR CREDIT UNION, founded in 1945, is a mid-sized nonprofit that reported $45.0M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.7M, a strong 22% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS

Program Service Accomplishments

Program 1

DAY AIR CREDIT UNION, INC., HEADQUARTERED IN KETTERING, OHIO, PROVIDESA BROAD RANGE OF FINANCIAL SERVICES TO ITS MEMBERS. THE CREDITUNION'S PRIMARY SERVICES INCLUDE GRANTING SECURED AND...

DAY AIR CREDIT UNION, INC., HEADQUARTERED IN KETTERING, OHIO, PROVIDESA BROAD RANGE OF FINANCIAL SERVICES TO ITS MEMBERS. THE CREDITUNION'S PRIMARY SERVICES INCLUDE GRANTING SECURED AND UNSECUREDCONSUMER AND REAL ESTATE LENDING AS WELL AS PROVIDING CHECKING ANDSAVINGS SERVICES. THE CREDIT UNION'S MEMBERS AND BRANCHES ARELOCATED THROUGHOUT THE KETTERING, OHIO AREA.

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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 $42,116,535

Investment Income $2,883,996

Other Revenue $0

TOTAL REVENUE $45,000,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,114,120

Fundraising Expenses $0

Other Expenses $26,152,890

TOTAL EXPENSES $35,267,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,000,531	$34,112,228	+0.3%
Expenses	$35,267,010	$23,484,938	+0.5%
Net Income	$9,733,521	$10,627,290	-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

124

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

$1,405,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA BAUER	SECRETARY	1.00	Officer Director	$0	$0	$0
AL BERTLEFF	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIM BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MALLORY COAKLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAYES	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY LEBRUN	DIRECTOR	1.00	Director	$0	$0	$0
PATSY MERCURI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WECKESSER	DIRECTOR	1.00	Director	$0	$0	$0
MAHA KASHANI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BURKE	CEO	40.00	Officer	$591,527	$28,408	$619,935
JOHN THEOBALD	CLO	40.00	Officer	$251,947	$34,705	$286,652
JANNELL EICHSTAEDT	CXO	40.00	Officer	$247,245	$28,597	$275,842
DEANNA DAHLING	VP OF FINANCE	40.00	Officer	$190,597	$32,243	$222,840
LUKE NEFF	FINANCIAL PLANNER	40.00	Highest	$301,402	$35,525	$336,927
JOSH TODD	DIRECTOR OF MORTGAGES	40.00	Highest	$154,907	$8,083	$162,990
JOE ECKLEY	DIRECTOR OF MARKETING	40.00	Highest	$140,992	$29,592	$170,584
ZACH DIVER	DIRECTOR OF IT	40.00	Highest	$141,681	$28,088	$169,769
APRIL BOWMAN	DIRECTOR OF HR	40.00	Highest	$136,144	$14,845	$150,989

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	$45,000,531	$35,267,010	$787,679,302	$9,733,521
2022	$34,112,228	$23,484,938	$676,371,659	$10,627,290
2021	$32,295,915	$20,057,231	$609,648,361	$12,238,684
2020	$25,850,068	$19,849,223	$530,186,448	$6,000,845
2019	$23,603,190	$17,883,893	$424,689,582	$5,719,297
2018	$21,151,523	$15,268,274	$393,372,156	$5,883,249