EVERWISE CREDIT UNION (EIN 350702986) - 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

1931

Legal Domicile

Principal Officer

Todd Brown

Phone

5742328012

Tax Period

2023-01-01 to 2023-12-31

EVERWISE CREDIT UNION, founded in 1931, is a major nonprofit that reported $286.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $252.3M left a modest 12% surplus.

Mission

State Chartered Credit Union

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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 $259,561,169

Investment Income $25,975,058

Other Revenue $936,342

TOTAL REVENUE $286,472,569

Expense Breakdown

Grants Paid $309,028

Salaries & Benefits $68,543,462

Fundraising Expenses $0

Program Expenses $252,322,312

Other Expenses $183,469,822

TOTAL EXPENSES $252,322,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,472,569	$234,639,519	+0.2%
Expenses	$252,322,312	$175,893,067	+0.4%
Net Income	$34,150,257	$58,746,452	-0.4%

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

N/A

Employees

1038

Volunteers

N/A

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

$3,814,301

Total Directors

$391,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Osterhage	CEO	45	Officer	$1,149,164	$45,760	$1,194,924
Waylon Peterson	President, Everwise Investment Services	45	Officer	$567,030	$49,951	$616,981
Todd Brown	SVP Chief Financial Officer	45	Officer	$531,894	$50,260	$582,154
Daniel Rousseve	SVP Chief Information Officer	45	Officer	$443,173	$40,939	$484,112
Daniel Woodhouse	Financial Advisor III	45	Highest	$372,126	$42,310	$414,436
Chad Douglass	SVP Chief Lending Officer ended 10/31/2023	45	Officer	$335,987	$46,735	$382,722
Victoria Partaker	Mortgage Sales Manager	45	Highest	$349,176	$32,378	$381,554
Randall Tarter	Financial Advisor III	45	Highest	$318,814	$42,408	$361,222
Jeneen L Crane	Vice President	45	Highest	$281,972	$38,322	$320,294
Nicole Alcorn	Chief Member Experience Officer	45	Officer	$262,000	$32,256	$294,256
Angela L Zimski	Mortgage Loan Originator	45	Highest	$252,753	$29,438	$282,191
Vince Henderson	Chairman	5	Officer Director	$53,664	$8,421	$62,085
Diane Maas	Treasurer	5	Officer Director	$44,720	$6,635	$51,355
Shirley Golichowski	Assistant Secretary	5	Officer Director	$40,200	$8,907	$49,107
John Myers	Secretary	5	Officer Director	$41,100	$8,004	$49,104
Jim Dubois	Board Member	5	Director	$41,400	$6,535	$47,935
Thea Kelly	Vice Chair	5	Officer Director	$40,800	$6,701	$47,501
David Aranowski	Board Member	5	Director	$39,600	$4,729	$44,329
Jackie Morales	Board Member	5	Director	$35,700	$4,344	$40,044

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	$286,472,569	$252,322,312	$5,173,106,431	$34,150,257
2022	$234,639,519	$175,893,067	$4,871,999,188	$58,746,452
2021	$198,079,661	$162,672,107	$4,498,999,331	$35,407,554
2018	$151,831,106	$132,467,338	$3,171,131,618	$19,363,768

EVERWISE CREDIT UNION