EMERALD 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

1955

Legal Domicile

Principal Officer

LINDSAY ANDEXLER

Phone

2163651010

Tax Period

2024-01-01 to 2024-12-31

EMERALD CREDIT UNION, founded in 1955, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 6,806 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 3,634 MEMBERS.

Program 2

DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

Program 3

PROVISION FOR LOAN LOSS EXPENSE FOR MEMBER LOANS.

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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 $1,728,808

Investment Income $318,412

Other Revenue $6,750

TOTAL REVENUE $2,053,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $842,756

Fundraising Expenses $0

Other Expenses $1,139,545

TOTAL EXPENSES $2,095,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,053,970	$2,158,808	0.0%
Expenses	$2,095,179	$2,079,495	+0.0%
Net Income	$-41,209	$79,313	-1.5%

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

$278,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY ANDEXLER	CEO	40.00	Officer	$115,431	$0	$115,431
JEFF LANZEN	CLO	40.00	Officer	$64,891	$21,202	$86,093
BONNIE GALL	CRO	40.00	Officer	$69,427	$7,100	$76,527
DONNA GALLAVAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MARIA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MARUNOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
ROB ROUTSON	DIRECTOR	1.00	Director	$0	$0	$0
BETTY ROYCE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD STEFANKO	DIRECTOR	1.00	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	$2,053,970	$2,095,179	$33,932,146	$-41,209
2023	$2,158,808	$2,079,495	$34,824,427	$79,313
2022	$2,281,022	$1,780,103	$37,818,210	$500,919
2021	$1,978,354	$1,983,851	$38,936,528	$-5,497
2020	$2,165,975	$2,517,146	$38,541,333	$-351,171
2019	$2,734,307	$3,285,506	$36,763,905	$-551,199
2018	$2,607,537	$2,804,289	$38,621,990	$-196,752