P S E CREDIT UNION INC (EIN 340800260) - 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

JOSEPH C ANDERSON

Phone

4405455105

Tax Period

2023-01-01 to 2023-12-31

P S E CREDIT UNION INC, founded in 1955, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 20% 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 $0

Program Service Revenue $14,225,593

Investment Income $2,281,064

Other Revenue $0

TOTAL REVENUE $16,506,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,700,108

Fundraising Expenses $0

Other Expenses $9,552,427

TOTAL EXPENSES $13,252,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,506,657	$9,020,403	+0.8%
Expenses	$13,252,535	$6,377,437	+1.1%
Net Income	$3,254,122	$2,642,966	+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

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

$1,054,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEEL NOWLIN	SECRETARY	1.00	Director	$0	$0	$0
KENNETH NOETZEL	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT VASIL	CHAIR	1.00	Officer Director	$0	$0	$0
DARLENE DEMARCO	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT MOULTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN NEWMAN	VICE CHAIR	1.00	Director	$0	$0	$0
DAVID TOETZ	DIRECTOR	1.00	Officer Director	$0	$0	$0
FELISA WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH C ANDERSON	PRESIDENT/CEO	37.50	Officer	$656,157	$33,389	$689,546
ANDREW PACE	VP OF FINANCE	37.50	Officer	$130,954	$3,494	$134,448
DAVID LEUENBERGER	VP OF OPERATIONS	37.50	Officer	$103,361	$10,918	$114,279
CHERYL SCHILL	VP OF LENDING	37.50	Officer	$104,654	$11,208	$115,862

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	$16,506,657	$13,252,535	$301,964,607	$3,254,122
2022	$9,020,403	$6,377,437	$221,132,886	$2,642,966
2021	$7,365,292	$5,649,319	$206,147,045	$1,715,973
2020	$6,926,615	$5,798,059	$178,224,900	$1,128,556
2019	$6,905,667	$5,698,516	$150,854,517	$1,207,151
2018	$6,014,477	$5,053,332	$133,698,433	$961,145

P S E CREDIT UNION INC