37 KEMBA FINANCIAL CREDIT UNION (EIN 316034826) - 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

1933

Legal Domicile

Principal Officer

Mark Decello

Phone

6142352395

Tax Period

2023-01-01 to 2023-12-31

37 KEMBA FINANCIAL CREDIT UNION, founded in 1933, is a major nonprofit that reported $130.5M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.7M, a strong 15% operating margin.

Mission

Provide innovative, convenient and competitively priced financial services that contribute to the well being of our members by promoting thrift and providing credit.

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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 $115,275,729

Investment Income $15,269,249

Other Revenue $0

TOTAL REVENUE $130,544,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,332,488

Fundraising Expenses $0

Program Expenses $0

Other Expenses $46,869,748

TOTAL EXPENSES $110,840,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,544,978	$95,459,407	+0.4%
Expenses	$110,840,448	$70,738,895	+0.6%
Net Income	$19,704,530	$24,720,512	-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

421

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

$1,481,496

Total Directors

Key Employees

$2,489,053

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Decello	President/CEO	50	Officer	$1,006,219	$55,228	$1,061,447
Gerald Guy	Assistant to President/CEO	45.00	Highest	$742,018	$45,494	$787,512
Donna Grimmett	CFO	50	Officer	$376,744	$43,305	$420,049
Ken Blevins	Chief Technology Officer	50	Key Emp	$315,253	$44,986	$360,239
Shernette Henry	VP Human Resources	50	Key Emp	$287,267	$43,119	$330,386
Amy Peterman	Chief Operating Officer	50.00	Key Emp	$288,172	$38,650	$326,822
Raid Jarrar	Chief Lending Officer	50.00	Key Emp	$280,339	$31,983	$312,322
Douglas La Tour	VP Risk	50.00	Key Emp	$233,767	$30,939	$264,706
Derek Sears	Director of Wealth Management	45	Highest	$220,984	$38,021	$259,005
Marco Capalino	Chief Marketing Officer	50.00	Key Emp	$220,152	$27,542	$247,694
Janet Oiler	VP of Accounting/Controller	50.00	Key Emp	$213,975	$32,991	$246,966
Mark Seymour	Vice President Commercial Business and Loss Prevention	50	Key Emp	$181,956	$18,242	$200,198
Gretchen Bartholomew	VP of Operations and Payment Strategy	50.00	Key Emp	$171,539	$28,181	$199,720
David Ty Barksdale	Business Services and SBA Lending Manager	45.00	Highest	$163,877	$23,956	$187,833
Frank Broering	Director of Network Services	45.00	Highest	$153,359	$34,044	$187,403
Scott Reed	Director of Commercial Credit	45.00	Highest	$169,552	$14,728	$184,280
Donna Folberth	Chairwoman	5	Officer Director	$0	$0	$0
Mike Slaper	Vice Chair	5	Officer Director	$0	$0	$0
John Elden	Secretary	5	Officer Director	$0	$0	$0
Steve Perdue	Treasurer	5	Officer Director	$0	$0	$0
Emmet Apolinario	Director	5	Director	$0	$0	$0
Rick Mariotti	Director	5	Director	$0	$0	$0
Maria Guthrie	Director	5	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$130,544,978	$110,840,448	$2,127,675,316	$19,704,530
2022	$95,459,407	$70,738,895	$1,965,075,120	$24,720,512
2021	$82,675,194	$57,897,710	$1,889,723,616	$24,777,484
2020	$79,755,276	$62,974,360	$1,737,613,685	$16,780,916
2019	$85,165,809	$67,725,126	$1,471,375,658	$17,440,683
2018	$71,220,757	$58,050,105	$1,348,489,650	$13,170,652

37 KEMBA FINANCIAL CREDIT UNION