42 KEMBA CREDIT UNION INC (EIN 316034125) - 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

1934

Legal Domicile

Principal Officer

DANIEL L SUTTON

Phone

5137625070

Tax Period

2023-01-01 to 2023-12-31

42 KEMBA CREDIT UNION INC, founded in 1934, is a mid-sized nonprofit that reported $82.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $76.7M left a modest 7% surplus.

Mission

PROVIDE FINANCIAL SERVICES TO 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 $0

Program Service Revenue $78,743,990

Investment Income $3,605,722

Other Revenue $0

TOTAL REVENUE $82,349,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,362,711

Fundraising Expenses $0

Other Expenses $54,336,255

TOTAL EXPENSES $76,698,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,349,712	$66,359,307	+0.2%
Expenses	$76,698,966	$50,443,868	+0.5%
Net Income	$5,650,746	$15,915,439	-0.6%

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

353

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

$2,482,192

Total Directors

$1,071,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SUTTON	PRESIDENT	40.00	Officer Director	$1,043,921	$27,885	$1,071,806
THOMAS THOLE	CHAIRMAN OF BOARD	0.00	Officer Director	$0	$0	$0
JEROME ZIEGELMEIER	VICE CHAIRMAN BOARD	0.00	Officer Director	$0	$0	$0
DEBORAH DAVIS	SECRETARY	0.00	Officer Director	$0	$0	$0
DAVID HANNA	DIRECTOR	0.00	Director	$0	$0	$0
KATHRYN ASBROCK	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE RAINES	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT WEITZEL	DIRECTOR	0.00	Director	$0	$0	$0
JEREMY BLACK	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL SCHROER	CHIEF FINANCIAL OFFICER	40.00	Officer	$377,341	$45,802	$423,143
DUANE STACKLIN	CHIEF LENDING OFFICER	40.00	Officer	$359,308	$27,885	$387,193
RYON BRUBAKER	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$283,731	$27,885	$311,616
AMY DANIELS	CHIEF RESOURCE OFFICER	40.00	Officer	$288,434	$0	$288,434
JOESEPH HUTSON	GENERAL COUNSEL	40.00	Highest	$199,731	$9,296	$209,027
DENNIS WANDER	INDIRECT LENDING MANAGER	40.00	Highest	$234,705	$20,448	$255,153
MICHAEL COX	VP OF APPRAISAL MANAGEMENT CO.	40.00	Highest	$153,534	$7,851	$161,385
JAMES MALOTT	DIRECTOR OF MORTGAGE SERVICES	40.00	Highest	$157,332	$15,802	$173,134
KRISTYN DIX	VP OF CORPORATE LEARNING & DEVELOPMENT	40.00	Highest	$160,682	$9,296	$169,978

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	$82,349,712	$76,698,966	$1,625,351,193	$5,650,746
2022	$66,359,307	$50,443,868	$1,611,175,939	$15,915,439
2021	$59,675,729	$42,592,595	$1,395,836,820	$17,083,134
2020	$54,406,776	$42,885,041	$1,178,253,797	$11,521,735
2019	$51,808,067	$41,705,465	$1,022,189,646	$10,102,602
2018	$45,751,362	$36,568,416	$946,573,919	$9,182,946

42 KEMBA CREDIT UNION INC