TECH CREDIT UNION (EIN 350885375) - 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

1936

Legal Domicile

Principal Officer

EUGENE R NOVELLO

Phone

2196635120

Tax Period

2024-01-01 to 2024-12-31

TECH CREDIT UNION, founded in 1936, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $29.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS TO MEMBERS. THIS IS ACCOMPLISHED ON A CO-OPERATIVE BASIS FOR THE MUTUAL BENEFIT OF THOSE WITHIN THE MEMBERSHIP.

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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 $24,565,587

Investment Income $5,211,808

Other Revenue $0

TOTAL REVENUE $29,777,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,279,529

Fundraising Expenses $0

Other Expenses $18,392,474

TOTAL EXPENSES $30,672,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,777,395	$33,400,748	-0.1%
Expenses	$30,672,003	$26,556,412	+0.2%
Net Income	$-894,608	$6,844,336	-1.1%

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

222

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

$1,213,621

Total Directors

$54,750

Key Employees

$310,473

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MACHARA	CHAIRMAN	4.00	Officer Director	$7,000	$0	$7,000
WALTER GARBARCZYK	SECRETARY	4.00	Officer Director	$5,500	$0	$5,500
LISA BECK	DIRECTOR	4.00	Director	$6,000	$0	$6,000
LUIS GONZALEZ	DIRECTOR	4.00	Director	$5,500	$0	$5,500
LEE LANE	DIRECTOR	4.00	Director	$6,750	$0	$6,750
JAMES MACK	DIRECTOR	4.00	Director	$6,750	$0	$6,750
EDWARD PETYO	DIRECTOR	4.00	Director	$6,000	$0	$6,000
GREG SALVATORE	DIRECTOR	4.00	Director	$4,500	$0	$4,500
RICHARD YOUNG	DIRECTOR	4.00	Director	$6,750	$0	$6,750
EUGENE NOVELLO	PRESIDENT/CEO	40.00	Officer	$342,068	$45,108	$387,176
CRIS RIZZO KRATKOCZKI	VP OF FINANCE	40.00	Officer	$129,659	$25,550	$155,209
JOHN WILKENING	EXECUTIVE VP, CHIEF BANKING OFFICER	40.00	Officer	$204,373	$47,750	$252,123
ERIC RAUCH	SENIOR VP, CHIEF FINANCIAL OFFICER	40.00	Officer	$73,099	$8,189	$81,288
ZACHERY HOHULIN	VP OF INFORMATION TECHNOLOGY, CIO	40.00	Officer	$159,710	$8,890	$168,600
ROSEANN DENNIS	VP, CHIEF HUMAN RESOURCE OFFICER	40.00	Officer	$110,173	$46,552	$156,725
MICHAEL CASEY	EXECUTIVE VP-PART YEAR	40.00	Key Emp	$269,392	$41,081	$310,473
KIM CARPENTER	CUMS MANAGER	40.00	Highest	$163,941	$15,680	$179,621
DONALD MCCORMICK	VP OF COMMERICIAL LENDING	40.00	Highest	$132,068	$48,341	$180,409
JILL SANDILLA	VP OF LENDING	40.00	Highest	$125,386	$13,131	$138,517
LARRY SCHAFFER	VP OF MARKETING -PART YEAR	40.00	Highest	$147,905	$15,958	$163,863
LORA STURTRIDGE	VP OF INFORMATION TECHNOLOGY - PART YEAR	40.00	Highest	$129,373	$15,634	$145,007

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	$29,777,395	$30,672,003	$542,967,604	$-894,608
2023	$33,400,748	$26,556,412	$527,252,079	$6,844,336
2022	$23,189,269	$20,696,239	$536,572,543	$2,493,030
2021	$20,890,462	$18,440,676	$509,548,706	$2,449,786
2018	$17,272,387	$14,245,724	$360,917,214	$3,026,663

TECH CREDIT UNION