CITIZENS EQUITY FIRST CREDIT UNION (EIN 376028123) - 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

1937

Legal Domicile

Principal Officer

MATTHEW MAMER

Phone

3096337000

Tax Period

2023-01-01 to 2023-12-31

CITIZENS EQUITY FIRST CREDIT UNION, founded in 1937, is a major nonprofit in the Public & Societal Benefit sector that reported $258.6M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $236.5M left a modest 9% surplus.

Mission

PROVIDE QUALITY SERVICE AND PRODUCTS TO IMPROVE THE FINANCIAL WELL BEING OF 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 $328,379,019

Investment Income $35,723,945

Other Revenue $3,550,230

TOTAL REVENUE $367,653,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,733,774

Fundraising Expenses $0

Other Expenses $222,369,377

TOTAL EXPENSES $319,103,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,653,194	$291,593,880	+0.3%
Expenses	$319,103,151	$244,775,584	+0.3%
Net Income	$48,550,043	$46,818,296	+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

Employees

1220

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

$3,056,680

Total Directors

$865,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EREC D MONTGOMERY	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
KAVITA SACHDEV	CHAIRMAN	4.00	Officer Director	$2,302	$0	$2,302
TIMOTHY R BRUNTON	BOARD MEMBER	3.00	Director	$1,683	$0	$1,683
ROBERT M METZINGER	BOARD MEMBER	3.00	Director	$991	$0	$991
ANGEL G MARTINEZ	SECRETARY	3.00	Officer Director	$4,865	$0	$4,865
ERIC J RAHN	BOARD MEMBER	3.00	Director	$0	$0	$0
MATTHEW D JOLIFF	BOARD MEMBER	3.00	Director	$2,533	$0	$2,533
TODD W BRYANT	BOARD MEMBER	3.00	Director	$0	$0	$0
SEAN D SCRANTON	BOARD MEMBER	3.00	Director	$2,007	$0	$2,007
JENNIFER T STRICKLAND	VICE CHAIRMAN	3.00	Officer Director	$3,751	$0	$3,751
BILLY J FRANK	BOARD MEMBER	3.00	Director	$0	$0	$0
JADA A HOERR	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSEPH R NEEDHAM	VICE CHAIRMAN	3.00	Officer Director	$2,048	$0	$2,048
MATTHEW J MAMER	PRESIDENT-TREASURER	50.00	Officer Director	$753,943	$91,363	$845,306
ALYCIA D HIGHTOWER	CHIEF PEOPLE OFFICER	50.00	Officer	$297,589	$48,607	$346,196
WYATT S WOLVEN	CHIEF FINANCIAL OFFICER	50.00	Officer	$298,096	$33,089	$331,185
MARK A HOFFMIRE	CHIEF OPERATIONS OFFICER	50.00	Officer	$340,528	$74,130	$414,658
TIMOTHY I DUNTON	CHIEF DELIVERY OFFICER	50.00	Officer	$356,848	$79,856	$436,704
KEVIN D SCHNEIDER	CHIEF LEGAL COUNSEL	50.00	Officer	$375,127	$69,829	$444,956
DIANNA L HUNTER	CHIEF OPERATIONS OFFICER	50.00	Officer	$197,143	$27,566	$224,709
TODD R HALLER	SENIOR VICE PRESIDENT	50.00	Highest	$256,245	$47,864	$304,109
PETER DIAZ	CA COMMUNITY PRESIDENT	50.00	Highest	$268,255	$34,662	$302,917
THERESA A LAKE	VICE PRESIDENT	50.00	Highest	$238,082	$48,235	$286,317
DENISE GHERE	SENIOR VICE PRESIDENT	50.00	Highest	$232,955	$40,875	$273,830
RONALD ROUTH	VICE PRESIDENT	50.00	Highest	$216,644	$69,620	$286,264

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	$367,653,194	$319,103,151	$7,460,577,542	$48,550,043
2022	$291,593,880	$244,775,584	$7,682,726,978	$46,818,296
2021	$271,033,514	$222,097,963	$7,718,286,706	$48,935,551
2020	$274,471,808	$232,526,622	$7,099,882,295	$41,945,186
2019	$281,570,051	$254,091,550	$6,262,017,866	$27,478,501
2018	$258,607,595	$236,530,994	$5,956,471,394	$22,076,601

CITIZENS EQUITY FIRST CREDIT UNION