STALEY CREDIT UNION (EIN 376026317) - 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

1930

Legal Domicile

Principal Officer

CYNTHIA ANDERSON

Phone

2174239767

Tax Period

2024-01-01 to 2024-12-31

STALEY CREDIT UNION, founded in 1930, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 17% operating margin.

Mission

CREDIT UNION OPERATED FOR MUTUAL PURPOSES.

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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 $9,527,005

Investment Income $1,804,289

Other Revenue $2,145,743

TOTAL REVENUE $13,477,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,300,233

Fundraising Expenses $0

Other Expenses $7,950,495

TOTAL EXPENSES $11,250,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,477,037	$11,866,618	+0.1%
Expenses	$11,250,728	$10,588,357	+0.1%
Net Income	$2,226,309	$1,278,261	+0.7%

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

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

$740,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE R FIELDS	DIRECTOR	0.00	Director	$0	$0	$0
JONATHAN B RINCKER	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS E TRUMP	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL N LANDACRE	BOARD VICE-CHAIRMAN	0.00	Director	$0	$0	$0
STEVEN D BOWMAN	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD P PODESCHI	DIRECTOR	0.00	Director	$0	$0	$0
MICHELLE D O'BRYAN	BOARD SECRETARY	0.00	Director	$0	$0	$0
KURT B BICKES	DIRECTOR	0.00	Director	$0	$0	$0
JAMES T SLADE III	BOARD CHAIRMAN	0.00	Director	$0	$0	$0
KIMBERLY ERVIN	PRESIDENT & CEO	40.00	Officer	$241,258	$19,960	$261,218
CYNTHIA ANDERSON	EVP & CFO	40.00	Officer	$154,275	$15,208	$169,483
RODNEY WEEKS	VP-LENDING	40.00	Officer	$144,150	$15,575	$159,725
BLAKE WALLACE	WP-MARKETING	40.00	Officer	$127,970	$21,809	$149,779

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	$13,477,037	$11,250,728	$209,198,157	$2,226,309
2023	$11,866,618	$10,588,357	$204,753,987	$1,278,261
2022	$10,340,208	$8,634,235	$201,173,214	$1,705,973
2021	$9,502,383	$8,076,308	$195,709,459	$1,426,075
2020	$8,689,485	$8,028,508	$175,828,384	$660,977
2019	$8,841,072	$7,634,971	$146,702,570	$1,206,101
2018	$7,905,464	$7,251,049	$137,612,895	$654,415

STALEY CREDIT UNION