VIBRANT 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

1935

Legal Domicile

Principal Officer

MATTHEW MCCOMBS

Phone

8003235109

Tax Period

2023-01-01 to 2023-12-31

VIBRANT CREDIT UNION, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $47.3M in total revenue in fiscal year 2023.

Mission

WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE.

Program Service Accomplishments

Program 1

PROVIDE CONSIDERABLE LOANS TO MEMBERS. TOTAL NUMBER OF CONSUMER AND MORTAGE LOANS OUTSTANDING WAS 16,600.

Program 2

PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 44,200 MEMBERS.

Program 3

PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 13,200 ACCOUNTS.

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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 $39,809,739

Investment Income $2,641,002

Other Revenue $4,857,971

TOTAL REVENUE $47,308,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,613,724

Fundraising Expenses $0

Other Expenses $34,349,416

TOTAL EXPENSES $51,963,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,308,712	$47,909,169	0.0%
Expenses	$51,963,140	$42,724,534	+0.2%
Net Income	$-4,654,428	$5,184,635	-1.9%

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

249

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

$1,011,063

Total Directors

$687,210

Key Employees

$532,936

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MCCOMBS	PRESIDENT/CEO	40.00	Officer Director	$634,716	$52,494	$687,210
KEVIN PETERSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$272,771	$51,082	$323,853
MEGAN ANDERSON	CHIEF REVENUE OFFICER	40.00	Key Emp	$235,796	$44,044	$279,840
PETER NOHELTY	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$229,166	$23,930	$253,096
STEPHEN OWINGS	VP SOFTWARE DATA DEVELOPMENT	40.00	Highest	$169,861	$50,743	$220,604
JENNIFER BOWE	SVP IT DEVELOPMENT	40.00	Highest	$190,052	$19,455	$209,507
ASHLEE COOPER	SVP SALES & SERVICE	40.00	Highest	$173,034	$34,241	$207,275
CALE VANGENDEREN	SVP LOAN PROGRAMS	40.00	Highest	$160,520	$41,854	$202,374
TIFFANY HAEDT	EXECUTIVE OFFICER	40.00	Highest	$140,509	$29,253	$169,762
TERRY BRAHM	FORMER DIRECTOR	1.00	Director	$0	$0	$0
MARK COOPER	DIRECTOR	1.00	Director	$0	$0	$0
NICK KREMER	VICE CHAIRMAN	1.00	Director	$0	$0	$0
ANDRES PASANTES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PEASE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JIM ED POGUE	DIRECTOR	1.00	Director	$0	$0	$0
TIM SCARLETT	DIRECTOR	1.00	Director	$0	$0	$0
BOB SWIFT	DIRECTOR	1.00	Director	$0	$0	$0
NICK TARPEIN	CHAIRMAN	1.00	Director	$0	$0	$0
JULIE VERHEECKE	SECRETARY/TREASURER	1.00	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	$47,308,712	$51,963,140	$1,054,150,884	$-4,654,428
2022	$47,909,169	$42,724,534	$1,031,061,735	$5,184,635
2021	$50,336,419	$40,577,326	$1,061,532,656	$9,759,093
2020	$50,170,904	$43,350,139	$954,829,688	$6,820,765
2019	$47,037,308	$42,038,979	$806,652,253	$4,998,329
2018	$41,594,596	$38,930,419	$717,178,979	$2,664,177