BEACON 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

1931

Legal Domicile

Principal Officer

Dustin Cuttriss

Phone

2605637443

Tax Period

2023-01-01 to 2023-12-31

BEACON CREDIT UNION, founded in 1931, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $62.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $58.0M left a modest 7% surplus.

Mission

This organization is a credit union exempt under IRS Code 501 (c) (14) (A). It is a Cooperative Financial Institution. The organization provides fair and competitive financial products responsive to the needs of the member-owners.

Program Service Accomplishments

Program 1

Beacon provides multiple types of loan products responsive to the needs of its members including Agriculture loans, Mortgage loans, and Consumer loans. It has 10,950 individual loans totaling...

Beacon provides multiple types of loan products responsive to the needs of its members including Agriculture loans, Mortgage loans, and Consumer loans. It has 10,950 individual loans totaling $1,005,544,512

Program 2

Beacon Credit Union provides a superior member service experience by offering competitive deposit rates and deposit products to its members. It has 102,997 Savings accounts totaling $1,260,730,817

Program 3

Beacon Credit Union provides 19 Full Service branches, 7 Loan Production offices and 2 back office facilities to meet the operational demands of over 47,000 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 $48,734,269

Investment Income $12,921,555

Other Revenue $634,269

TOTAL REVENUE $62,290,093

Expense Breakdown

Grants Paid $28,646

Salaries & Benefits $22,513,445

Fundraising Expenses $0

Program Expenses $0

Other Expenses $35,441,114

TOTAL EXPENSES $57,983,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,290,093	$52,771,406	+0.2%
Expenses	$57,983,205	$47,710,753	+0.2%
Net Income	$4,306,888	$5,060,653	-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

309

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

$2,790,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dustin Cuttriss	President/CEO	40	Officer	$649,966	$55,076	$705,042
Dan Sparling	VP of Finance	40	Highest	$446,994	$119,954	$566,948
Kevin Willour	Former President/CEO left 01/2023	40		$373,497	$76,011	$449,508
Todd Beehler	Chief Strategy Officer	40	Officer	$281,845	$89,680	$371,525
Ryan Showley	Chief Information Officer	40	Officer	$244,989	$75,073	$320,062
Steve Caryer	Chief Financial Officer	40	Officer	$293,697	$24,038	$317,735
Lori Eltzroth	Chief Admin Officer	40	Officer	$231,449	$69,255	$300,704
Dawn Aschleman	Chief Operations Officer	40	Officer	$241,784	$44,096	$285,880
Trisha Loker	Chief Credit Officer	40	Officer	$214,061	$35,768	$249,829
Tiffany Haupert	Investment Services Manager	40	Highest	$184,250	$56,429	$240,679
Marc Briney	Chief Marketing Officer	40	Officer	$217,985	$21,360	$239,345
Craig Bright	VP Ag Lending Operations	40	Highest	$194,808	$17,727	$212,535
Danielle Hicks-Appleton	Senior Ag Loan Officer	40	Highest	$158,570	$22,366	$180,936
Jodie Creek	Senior Ag Loan Officer	40	Highest	$152,568	$20,804	$173,372
Herbert Horrom	Chairman	2	Director	$0	$0	$0
John Peters	Secretary/Treasurer	2	Director	$0	$0	$0
Dennis Post	Director	2	Director	$0	$0	$0
Dr Lindsay Culver	Director	2	Director	$0	$0	$0
Jim Yates	Director	2	Director	$0	$0	$0
Sarah Delbecq	Director	2	Director	$0	$0	$0
Paul Hartman	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	$62,290,093	$57,983,205	$1,517,175,065	$4,306,888
2022	$52,771,406	$47,710,753	$1,501,055,945	$5,060,653
2021	$47,143,377	$41,796,166	$1,514,735,601	$5,347,211
2020	$50,681,284	$45,600,975	$1,402,627,161	$5,080,309
2019	$54,449,737	$46,401,281	$1,260,998,614	$8,048,456