Superior Credit Union Inc (EIN 344455780) - 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

1954

Legal Domicile

Phone

4192239746

Tax Period

2023-01-01 to 2023-12-31

Superior Credit Union Inc, founded in 1954, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $83.1M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.1M, a strong 23% operating margin.

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 $62,369,721

Investment Income $20,723,586

Other Revenue $0

TOTAL REVENUE $83,093,307

Expense Breakdown

Grants Paid $258,000

Salaries & Benefits $20,538,260

Fundraising Expenses $0

Program Expenses $0

Other Expenses $43,164,750

TOTAL EXPENSES $63,961,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,093,307	$62,109,509	+0.3%
Expenses	$63,961,010	$44,774,037	+0.4%
Net Income	$19,132,297	$17,335,472	+0.1%

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

299

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

$2,359,427

Total Directors

Key Employees

$690,695

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	SUPERVISORY COMMITTEE - CHAIR	1.0	Director	$0	$0	$0
N/A	DIRECTOR (BEGIN 04/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (END 04/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	EVP SALES & LENDING	40.0	Officer	$288,066	$57,893	$345,959
N/A	SVP DEVELOPMENT/CEO OF SFS	40.0	Officer	$198,450	$51,675	$250,125
N/A	COO	40.0	Officer	$225,498	$53,341	$278,839
N/A	PRESIDENT - CEO	40.0	Officer	$1,152,224	$60,200	$1,212,424
N/A	CFO	40.0	Officer	$219,015	$53,065	$272,080
N/A	IS MANAGER	40.0	Key Emp	$174,736	$50,101	$224,837
N/A	SVP ASSET MANAGEMENT	40.0	Key Emp	$222,340	$42,755	$265,095
N/A	SVP ADMINISTRATION	40.0	Key Emp	$177,393	$23,370	$200,763
N/A	VP Private Banking	40.0	Highest	$184,417	$40,074	$224,491
N/A	VP TRUST SERVICES	40.0	Highest	$256,271	$28,757	$285,028
N/A	MORTGAGE ORIGINATOR	40.0	Highest	$153,774	$34,377	$188,151
N/A	Investment Services Representative	40.0	Highest	$207,670	$52,261	$259,931
N/A	VP INVESTMENT SERVICES	40.0	Highest	$301,712	$48,274	$349,986

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	$83,093,307	$63,961,010	$1,651,046,839	$19,132,297
2022	$62,109,509	$44,774,037	$1,509,527,180	$17,335,472
2021	$59,843,984	$39,645,774	$1,486,357,264	$20,198,210
2020	$61,710,472	$40,813,707	$1,275,888,555	$20,896,765
2019	$51,726,883	$37,035,077	$1,032,562,892	$14,691,806
2018	$42,649,196	$31,596,505	$915,345,597	$11,052,691

Superior Credit Union Inc