DAYMET 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

1957

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

DAYMET CREDIT UNION, founded in 1957, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $6.1M left a modest 9% surplus.

Mission

DAY MET CREDIT UNION, INC. CONTRIBUTES TO PROSPERITY AND FINANCIAL GROWTH THROUGH INNOVATIVE SERVICES, SUPPORT AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $6,118,989

LENDING TO CREDIT UNION MEMBERS. WE PROVIDE CREDIT CARD AND LINE OF CREDIT LOANS; VEHICLE LOANS; MORTGAGE LOANS; AND OTHER LOANS TO MEMBERS IN 2023.

Program 2

PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS. WE PROVIDED CHECKING ACCOUNTS; SAVINGS ACCOUNTS; MONEY MARKET ACCOUNTS; CERTIFICATES OF DEPOSIT; RETIREMENT ACCOUNTS; AND OTHER ACCOUNTS IN 2023.

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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 $6,410,965

Investment Income $340,615

Other Revenue $0

TOTAL REVENUE $6,751,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,411,652

Fundraising Expenses $0

Program Expenses $6,118,989

Other Expenses $3,707,337

TOTAL EXPENSES $6,118,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,751,580	$5,514,846	+0.2%
Expenses	$6,118,989	$4,902,039	+0.2%
Net Income	$632,591	$612,807	+0.0%

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

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

$443,569

Total Directors

Key Employees

$242,132

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY CLARK	CHEIF OPERATIONS OFFICER	40.00	Officer	$141,768	$106,240	$248,008
STEVEN SHORE	PRESIDENTCEO	40.00	Key Emp	$231,829	$10,303	$242,132
JAIME CROOKS	CHIEF MARKETING OFFICER	40.00	Officer	$112,701	$5,641	$118,342
CHRISTOPHER SADLIER	DIRECTOR OF FINANCE	40.00		$77,531	$3,625	$81,156
CARLA MARQUETTE	VP FINANCE	40.00	Officer	$76,018	$1,201	$77,219
ADAM RANDALL	VP FINANCE	40.00		$18,773	$0	$18,773
TYRONE MCGUFFEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN KABEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ROGERS	CHAIRPERSON OF THE BOARD	1.00	Director	$0	$0	$0
AMELIA LAW	VICE CHAIRPERSON OF THE BOARD	1.00	Director	$0	$0	$0
JESSICA OSBOURNE	TREASURERFINANCIAL SECRETARY	1.00	Director	$0	$0	$0
ANDREW STALLARD	DIRECTOR	1.00	Director	$0	$0	$0

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	$6,751,580	$6,118,989	$120,631,661	$632,591
2022	$5,514,846	$4,902,039	$121,460,418	$612,807
2021	$4,969,565	$4,386,719	$106,625,826	$582,846
2020	$4,645,954	$4,432,085	$100,862,968	$213,869
2019	$5,042,687	$5,684,294	$90,142,508	$-641,607
2018	$5,269,266	$5,228,742	$92,577,243	$40,524