IAA 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

1951

Legal Domicile

Principal Officer

T SEAN WELLS

Phone

3095572541

Tax Period

2023-01-01 to 2023-12-31

IAA CREDIT UNION, founded in 1951, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $20.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 16% operating margin.

Mission

BUILD FINANCIAL RELATIONSHIPS TO ENRICH MEMBERS' LIVES.

Program Service Accomplishments

Program 1

PROVIDE 4,824 CONSUMER LOANS, 1,067 REAL ESTATE LOANS AND 5,814 VISA ACCOUNTS TO MEMBERS.

Program 2

PROVIDED 25,178 SAVINGS AND MONEY MARKET SAVINGS ACCOUNTS, 8,984 SHARE DRAFT ACCOUNTS, 2,034 HSA AND IRA ACCOUNTS, AND 3,415 CERTIFICATE ACCOUNTS TO 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 $12,785,881

Investment Income $7,415,706

Other Revenue $0

TOTAL REVENUE $20,201,587

Expense Breakdown

Grants Paid $2,450

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,728,763

TOTAL EXPENSES $17,009,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,201,587	$13,399,516	+0.5%
Expenses	$17,009,726	$9,372,448	+0.8%
Net Income	$3,191,861	$4,027,068	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM SWEARINGEN	CHAIRPERSON	0.75	Officer Director	$0	$0	$0
KRISTIN ADAMS	SECRETARY	0.75	Officer Director	$0	$0	$0
DOUG CARROLL	VICE-CHAIRPERSON	0.75	Officer Director	$0	$0	$0
JACOB CROW	TREASURER	0.75	Officer Director	$0	$0	$0
JOHN HENDERSON	BOARD MEMBER	0.75	Director	$0	$0	$0
TASHA BUNTING	BOARD MEMBER	0.75	Director	$0	$0	$0
MELISSA RHODE	SUPERVISORY COMMITTEE CHAIR	0.75	Director	$0	$0	$0
BRIAN GUENTHER	BOARD MEMBER	0.75	Director	$0	$0	$0
KRISTEN FAUCON	BOARD MEMBER	0.75	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	$20,201,587	$17,009,726	$358,929,236	$3,191,861
2022	$13,399,516	$9,372,448	$362,260,111	$4,027,068
2021	$10,972,923	$8,006,043	$345,554,883	$2,966,880
2020	$11,865,217	$8,663,296	$314,771,864	$3,201,921
2019	$11,965,726	$9,064,461	$274,096,796	$2,901,265
2018	$11,040,871	$8,028,772	$252,320,824	$3,012,099