BRIDGE 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

1967

Legal Domicile

Principal Officer

JAROD BACH

Phone

6144664988

Tax Period

2024-01-01 to 2024-12-31

BRIDGE CREDIT UNION, founded in 1967, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $16.4M left a modest 8% surplus.

Mission

IT IS THE MISSION OF BRIDGE CREDIT UNION TO EXCEED EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS THAT WILL PROMOTE MEMBERS' FINANCIAL SUCCESS, WHILE OPERATING IN A FINANCIALLY SOUND, ETHICAL MANNER.

Program Service Accomplishments

Program 1

DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 42,142 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 20,309 MEMBERS.

Program 2

EMPLOYEE LABOR AND BENEFIT COSTS INCURRED PROVIDING MEMBER SERVICES AND SUPPORT; INCLUDING SAVINGS DEPOSITS AND WITHDRAWALS, LOAN ORIGINATION AND SERVICING, AND MEMBER TECHNICAL SUPPORT.

Program 3

DATA PROCESSING COSTS INCURRED PROVIDING MEMBERS MONTHLY ACCESS TO THEIR FUNDS THROUGH AN INTERNATIONAL ATM NETWORK, AND THROUGH CHECKING ACCOUNT LINKED ELECTRONIC DEBIT CARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,658,168

Investment Income $3,580,851

Other Revenue $507,170

TOTAL REVENUE $17,746,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,916,657

Fundraising Expenses $0

Other Expenses $7,662,553

TOTAL EXPENSES $16,353,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,746,189	$13,368,309	+0.3%
Expenses	$16,353,665	$11,967,614	+0.4%
Net Income	$1,392,524	$1,400,695	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

$1,107,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAROD BACH	PRESIDENT/CE	40.00	Officer	$349,418	$16,400	$365,818
AMY ROBINETTE	VP / CFO	40.00	Officer	$189,842	$16,895	$206,737
JEFF CHRISTENSEN	VP / CIO	40.00	Officer	$167,693	$17,107	$184,800
BRANDYNN ADAMS	VP / CXO	40.00	Officer	$163,239	$16,400	$179,639
PATRICK CURTAIN	VP / CLO	40.00	Officer	$153,195	$17,107	$170,302
JOHN AUDET	DIRECTOR	1.25	Director	$0	$0	$0
DAN DENIRO	SECRETARY	1.25	Director	$0	$0	$0
SARA DOWNS	DIRECTOR	1.25	Director	$0	$0	$0
SHARI FOWLER	DIRECTOR	1.25	Director	$0	$0	$0
KATHY LUDOWESE	TREASURER	1.25	Director	$0	$0	$0
MICHAEL MCCOLEMAN	DIRECTOR	1.25	Director	$0	$0	$0
BENITA NEELY	DIRECTOR	1.25	Director	$0	$0	$0
BILL PETRUNAK	DIRECTOR	1.25	Director	$0	$0	$0
JULIE RAY	CHAIRPERSON	1.25	Director	$0	$0	$0
BRETT SHEARER	VICE CHAIRPE	1.25	Director	$0	$0	$0
RON WEHNER	DIRECTOR	1.25	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	$17,746,189	$16,353,665	$231,392,285	$1,392,524
2023	$13,368,309	$11,967,614	$194,911,490	$1,400,695
2022	$8,389,453	$7,099,461	$143,847,202	$1,289,992
2021	$6,265,317	$5,153,668	$112,442,869	$1,111,649
2020	$5,615,616	$5,274,542	$105,859,488	$341,074
2019	$5,669,091	$5,050,792	$90,046,539	$618,299
2018	$5,373,479	$4,522,789	$86,733,130	$850,690