Crane Credit Union (EIN 350978599) - 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

KEVIN SPARKS

Phone

8128637115

Tax Period

2023-01-01 to 2023-12-31

Crane Credit Union, founded in 1955, is a mid-sized nonprofit that reported $51.8M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.8M, a strong 21% operating margin.

Mission

WE BUILD LIFE-LONG RELATIONSHIPS BY SUPPORTING FINANCIAL NEEDS, DREAMS, AND POSSIBILITES.

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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 $45,159,273

Investment Income $6,495,053

Other Revenue $186,114

TOTAL REVENUE $51,840,440

Expense Breakdown

Grants Paid $20,400

Salaries & Benefits $14,074,654

Fundraising Expenses $0

Other Expenses $26,981,487

TOTAL EXPENSES $41,076,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,840,440	$40,555,341	+0.3%
Expenses	$41,076,541	$30,013,057	+0.4%
Net Income	$10,763,899	$10,542,284	+0.0%

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

248

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

$1,065,119

Total Directors

$222,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SPARKS	CEO/PRESIDENT	40.0	Officer	$291,084	$34,810	$325,894
ALVIN LECHER	CHIEF FINANCIAL OFFICER	40.0	Officer	$199,667	$22,904	$222,571
BRYAN MYERS	CHIEF OPERATING OFFICER	40.0	Officer	$181,218	$25,314	$206,532
GARY MICHAEL WIGGINGTON	CHIEF TECHNOLOGY OFFICER	40.0	Officer	$145,019	$29,253	$174,272
DENNIS RYAN LEE	VP OF OPERATIONS	40.0	Highest	$118,115	$21,229	$139,344
JEREMY VEHSLAGE	VP OF LENDING	40.0	Highest	$121,606	$16,251	$137,857
STACY N LENGACHER	VP OF OPERATIONS	40.0	Highest	$117,063	$15,730	$132,793
MARISSA LYNCH	VP OF HUMAN RESOURCES	40.0	Highest	$113,112	$13,156	$126,268
DANIELLE COMBS	VP OF RISK MANAGEMENT	40.0	Highest	$114,635	$9,171	$123,806
BRUCE W CUMMINGS	TREASURER	4.0	Officer Director	$28,900	$0	$28,900
DALE L PADGETT JR	VICE CHAIRMAN	4.0	Officer Director	$27,900	$0	$27,900
KENNETH R GREENWELL	BOARD MEMBER	4.0	Officer Director	$27,900	$0	$27,900
DAVID H FRYE	SECRETARY	4.0	Officer Director	$25,650	$0	$25,650
GARY E GRAY JR	CHAIRMAN	4.0	Officer Director	$25,500	$0	$25,500
JEFFREY LEE SCHAFER	DIRECTOR	4.0	Director	$25,150	$0	$25,150
PATRICIA HERNDON	DIRECTOR	4.0	Director	$22,700	$0	$22,700
DOUGLAS R RANARD	SUPERVISORY	4.0	Director	$14,850	$0	$14,850
QUENTIN D HAYS	SUPERVISORY	4.0	Director	$14,050	$0	$14,050
SUSAN E JONES	SUPERVISORY	4.0	Director	$9,950	$0	$9,950

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	$51,840,440	$41,076,541	$1,044,861,009	$10,763,899
2022	$40,555,341	$30,013,057	$1,017,070,436	$10,542,284
2021	$35,778,555	$26,474,331	$926,412,870	$9,304,224
2020	$32,248,747	$25,863,728	$853,062,698	$6,385,019
2019	$31,846,292	$24,994,277	$618,553,934	$6,852,015
2018	$28,553,800	$22,189,879	$587,731,675	$6,363,921

Crane Credit Union