718 ATOMIC CREDIT UNION INC (EIN 314415974) - 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

1955

Legal Domicile

Principal Officer

THOMAS GRIFFITHS

Phone

7402895060

Tax Period

2023-01-01 to 2023-12-31

718 ATOMIC CREDIT UNION INC, founded in 1955, is a mid-sized nonprofit that reported $48.6M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 17% operating margin.

Mission

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS.

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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 $3,222,490

Program Service Revenue $42,494,086

Investment Income $2,898,871

Other Revenue $0

TOTAL REVENUE $48,615,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,082,867

Fundraising Expenses $0

Other Expenses $22,033,050

TOTAL EXPENSES $40,115,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,615,447	$35,641,688	+0.4%
Expenses	$40,115,917	$28,746,895	+0.4%
Net Income	$8,499,530	$6,894,793	+0.2%

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

286

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

$1,111,470

Total Directors

$11,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY SPENCER	CHAIRMAN	1.00	Officer Director	$3,084	$0	$3,084
TAMMY JONES	VICE-CHAIRWOMAN	1.00	Director	$1,434	$0	$1,434
VERNON BLAINE	SECRETARY/TREASURER	1.00	Officer Director	$3,569	$0	$3,569
GERALD KOMLOS	DIRECTOR	1.00	Director	$3,718	$0	$3,718
ELAINE LITTEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOYER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GRIFFITHS	CEO/PRESIDENT	40.00	Officer	$491,279	$50,101	$541,380
AARON MICHAEL	COO/GENERAL COUNSEL	40.00	Officer	$274,451	$30,660	$305,111
JEROD WILEY	CFO	40.00	Officer	$232,356	$25,970	$258,326
CURTIS GREEN	SVP OF IT	40.00	Highest	$161,316	$16,451	$177,767
GEOFF GRIMES	SVP OF CONSUMER LENDING	40.00	Highest	$132,265	$13,316	$145,581
NICOLE PERSIN	VP OF RISK MANAGEMENT & DIGITAL EXPERIENCE	40.00	Highest	$129,470	$13,843	$143,313
SHANNON WEBER	COMPLIANCE ATTORNEY	40.00	Highest	$122,447	$12,564	$135,011
BRANDEN MCGHEE	SVP OF BRANCH OPERATIONS	40.00	Highest	$121,605	$12,998	$134,603

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	$48,615,447	$40,115,917	$635,928,740	$8,499,530
2022	$35,641,688	$28,746,895	$550,744,794	$6,894,793
2021	$31,070,949	$26,261,924	$496,858,759	$4,809,025
2020	$27,214,197	$23,983,990	$454,407,285	$3,230,207
2019	$25,876,028	$23,787,706	$349,388,473	$2,088,322
2018	$23,311,563	$20,836,008	$315,126,249	$2,475,555

718 ATOMIC CREDIT UNION INC