64 TELHIO CREDIT UNION INC

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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

1934

Legal Domicile

Principal Officer

DERRICK BAILEY

Phone

6142213233

Tax Period

2023-01-01 to 2023-12-31

64 TELHIO CREDIT UNION INC, founded in 1934, is a mid-sized nonprofit that reported $75.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS.

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 140,175 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 66,781 MEMBERS.

Program 2

DIRECT LABOR AND EMPLOYEE COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING LOAN PORTFOLIO FOR MEMBERS.

Program 3

DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE.

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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 $175,895

Program Service Revenue $69,681,479

Investment Income $5,587,467

Other Revenue $419,097

TOTAL REVENUE $75,863,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,478,322

Fundraising Expenses $0

Other Expenses $33,356,878

TOTAL EXPENSES $75,483,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,863,938	$63,054,320	+0.2%
Expenses	$75,483,158	$56,895,023	+0.3%
Net Income	$380,780	$6,159,297	-0.9%

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

318

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

$1,233,577

Total Directors

Key Employees

$1,956,993

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE BUMGARNER	CEO	40.00	Key Emp	$827,404	$63,810	$891,214
DERRICK BAILEY	PRESIDENT	40.00	Officer	$821,901	$42,600	$864,501
DANIEL DAILY	EVP/CHIEF ST	0.00		$384,407	$8,245	$392,652
KRISTEN SCOTT	CFO	40.00	Officer	$341,076	$28,000	$369,076
JESSICA BING	CHIEF COMM.	40.00	Key Emp	$279,711	$33,854	$313,565
CHRISTOPHER WAMPLER	VP RISK MANA	40.00	Highest	$238,271	$38,944	$277,215
DAVID AULT	VP INFO. SEC	40.00	Key Emp	$221,790	$39,441	$261,231
IGOR BABAMOVSKI	VP MORT SALE	40.00	Highest	$212,441	$39,000	$251,441
MITCH VOCKE	VP COM REL M	40.00	Key Emp	$219,365	$26,427	$245,792
CHAD MAZE	COO	40.00	Key Emp	$219,247	$25,944	$245,191
ALLEN MCCONNELL	VP COMMERCIA	40.00	Highest	$204,947	$27,618	$232,565
JASON BITTINGER	SVP INFORMAT	40.00	Highest	$198,621	$31,976	$230,597
DONNA TATE	VP OF MORTGA	40.00	Highest	$197,661	$28,050	$225,711
DAVID BURNS	DIRECTOR	0.50	Director	$0	$0	$0
HENRY CHANG	DIRECTOR	0.50	Director	$0	$0	$0
KEN CROCKETT	DIRECTOR	0.50	Director	$0	$0	$0
KATHY FOOR	DIRECTOR	0.50	Director	$0	$0	$0
SHIRLEY GREEN	DIRECTOR	0.50	Director	$0	$0	$0
D'JUAN HAMMONDS	DIRECTOR	0.50	Director	$0	$0	$0
FRED HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
LARRY JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
LINDA KENNEDY	DIRECTOR	0.50	Director	$0	$0	$0
ANDY MARFURT	DIRECTOR	0.50	Director	$0	$0	$0
DOUG MCDOWELL	DIRECTOR	0.50	Director	$0	$0	$0
ROB MCNICOL	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MOCK	DIRECTOR	0.50	Director	$0	$0	$0
CHINITA MONTGOMERY	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE MUSSI	DIRECTOR	0.50	Director	$0	$0	$0
RENEE RAINEY	DIRECTOR	0.50	Director	$0	$0	$0
IRENE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN WILKERSON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK ZOLLARS	DIRECTOR	0.50	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	$75,863,938	$75,483,158	$1,363,973,734	$380,780
2022	$63,054,320	$56,895,023	$1,377,748,045	$6,159,297
2021	$63,287,965	$50,567,257	$1,270,587,920	$12,720,708
2020	$49,616,547	$43,224,022	$948,938,318	$6,392,525
2019	$47,326,708	$41,190,448	$841,649,015	$6,136,260
2018	$49,151,053	$40,046,739	$836,202,879	$9,104,314