INDIANA UNIVERSITY 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

1956

Legal Domicile

Principal Officer

Bryan W Price

Phone

8128557823

Tax Period

2023-01-01 to 2023-12-31

INDIANA UNIVERSITY CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $74.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 16% operating margin.

Mission

Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14).

Program Service Accomplishments

Program 1

Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14).

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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 $66,911,316

Investment Income $7,898,938

Other Revenue $16,898

TOTAL REVENUE $74,827,152

Expense Breakdown

Grants Paid $43,000

Salaries & Benefits $19,257,798

Fundraising Expenses $0

Program Expenses $0

Other Expenses $43,582,232

TOTAL EXPENSES $62,883,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,827,152	$56,693,244	+0.3%
Expenses	$62,883,030	$40,838,577	+0.5%
Net Income	$11,944,122	$15,854,667	-0.2%

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

239

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

$2,672,050

Total Directors

$7,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan W Price	President and CEO	40	Officer	$744,849	$79,701	$824,550
Andrew Allard	SVP, Chief Operating Officer	40	Officer	$309,757	$64,388	$374,145
Chris Hawk	SVP, CFO	40	Officer	$278,133	$61,476	$339,609
Julie Ragsdale	SVP, Chief Administrative Officer	40	Officer	$284,116	$52,697	$336,813
Sarah Rogers	SVP Business Services	40	Officer	$234,361	$56,752	$291,113
David Sipes	SVP Chief Marketing Officer	40	Officer	$214,852	$43,093	$257,945
Teddie Gambler	SVP Chief Information Officer	40	Officer	$212,757	$35,118	$247,875
Anthony Rastall	VP Business Services	40	Highest	$159,013	$49,577	$208,590
Amy Doan	VP Business Services	40	Highest	$155,541	$37,595	$193,136
Trish Ierino	VP Sales and Service	40	Highest	$141,648	$38,539	$180,187
Lori Forrester	VP Member Service Support	40	Highest	$140,262	$38,379	$178,641
Scott Trilling	VP Business Services	40	Highest	$167,704	$8,094	$175,798
Neil Powell	Board Treasurer	2	Director	$1,907	$0	$1,907
Doris Sims	Board Chair	4.00	Director	$1,686	$0	$1,686
Brad Heim	Board Vice Chair	2	Director	$1,439	$0	$1,439
Scott Smart	Director	2	Director	$1,346	$0	$1,346
Shatoyia Moss	Director	2	Director	$1,054	$0	$1,054
Jon Barada	Board Secretary	2	Director	$0	$0	$0
Dennis Cromwell	Board Past Chair	2	Director	$0	$0	$0
Kim Milford	Director	2	Director	$0	$0	$0
Veda Walcott	Director	2	Director	$0	$0	$0
Denvil Duncan	Director	2	Director	$0	$0	$0
Andrea Mobley	Director	2	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
2024	No data	No data	No data	No data
2023	$74,827,152	$62,883,030	$1,671,616,966	$11,944,122
2022	$56,693,244	$40,838,577	$1,565,475,253	$15,854,667
2021	$50,961,193	$35,685,902	$1,518,070,335	$15,275,291
2020	$48,794,263	$37,718,462	$1,349,340,515	$11,075,801
2019	$48,949,808	$38,340,651	$1,144,998,039	$10,609,157
2018	$45,318,251	$32,911,597	$998,123,805	$12,406,654