DIVERSIFIED MEMBERS CREDIT UNION (EIN 380480170) - 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

1929

Legal Domicile

Principal Officer

SATI SMITH

Phone

3135685000

Tax Period

2023-01-01 to 2023-12-31

DIVERSIFIED MEMBERS CREDIT UNION, founded in 1929, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $25.9M exceeded revenue, resulting in a 55% operating deficit.

Mission

TO PROVIDE FRIENDLY, PERSONAL, FINANCIAL SERVICES IN A PROFESSIONAL ATMOSPHERE TO ALL 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 $16,156,282

Investment Income $-5,454,830

Other Revenue $6,030,364

TOTAL REVENUE $16,731,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,483,982

Fundraising Expenses $0

Other Expenses $17,405,326

TOTAL EXPENSES $25,889,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,731,816	$22,003,363	-0.2%
Expenses	$25,889,308	$20,349,378	+0.3%
Net Income	$-9,157,492	$1,653,985	-6.5%

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

110

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

$745,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHIE TREMBATH	CEO - FORMER	40.00		$397,576	$0	$397,576
SATI SMITH	CEO	40.00	Officer	$252,610	$0	$252,610
COLLEEN SCOTT	CMO	40.00	Officer	$189,799	$0	$189,799
JR SMITH	CLO	40.00	Officer	$178,844	$0	$178,844
KEVIN O'CONNOR	CFO - FORMER	40.00		$178,256	$0	$178,256
GARY SEIFERT	MBR BUS LOAN	40.00	Highest	$148,303	$0	$148,303
JANICE BOJANOWSKI	CONTROLLER	40.00	Highest	$139,349	$0	$139,349
PATRICE SCHORNAK	VP ASSET REC	40.00	Highest	$136,977	$0	$136,977
SHARI QUINKERT	HUMAN RESOUR	40.00	Highest	$131,835	$0	$131,835
DANIEL JAMES O'DONNELL	IT MGR	40.00	Highest	$127,928	$0	$127,928
SHERI LABOE	COO	40.00	Officer	$91,732	$0	$91,732
MARK EVENSON	CFO	40.00	Officer	$32,308	$0	$32,308
JANISSE GREEN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID BROOKS III	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
CARL JARBOE	DIRECTOR	N/A	Director	$0	$0	$0
DARREN JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
ALBERT PATRICK JR	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY LAMERATO	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JEROME POKORSKI	SECRETARY	N/A	Officer Director	$0	$0	$0
ANDREW POLLACK	TREASURER	N/A	Officer Director	$0	$0	$0
PAMELA SCALES	DIRECTOR	N/A	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	$16,731,816	$25,889,308	$480,989,264	$-9,157,492
2022	$22,003,363	$20,349,378	$485,865,565	$1,653,985
2021	$18,643,457	$16,785,083	$516,558,136	$1,858,374
2020	$18,122,153	$16,622,227	$460,022,963	$1,499,926
2019	$18,402,260	$17,227,482	$398,925,871	$1,174,778
2018	$17,727,752	$15,724,360	$395,174,890	$2,003,392

DIVERSIFIED MEMBERS CREDIT UNION