DORT FINANCIAL CREDIT UNION (EIN 381440283) - 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

1951

Legal Domicile

Principal Officer

BRIAN WALDRON

Phone

8107678390

Tax Period

2023-01-01 to 2023-12-31

DORT FINANCIAL CREDIT UNION, founded in 1951, is a major nonprofit that reported $107.6M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $96.3M left a modest 11% surplus.

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS 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 $100,498,708

Investment Income $7,119,556

Other Revenue $0

TOTAL REVENUE $107,618,264

Expense Breakdown

Grants Paid $179,814

Salaries & Benefits $25,002,167

Fundraising Expenses $0

Other Expenses $71,104,002

TOTAL EXPENSES $96,285,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,618,264	$82,148,923	+0.3%
Expenses	$96,285,983	$62,306,924	+0.5%
Net Income	$11,332,281	$19,841,999	-0.4%

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

425

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

$1,174,895

Total Directors

Key Employees

$1,331,809

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE NATZKE	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
DANA STODDARD	FIRST VICE CHAIR	5.00	Officer Director	$0	$0	$0
DOUGLAS KIDD	SECOND VICE CHAIR	5.00	Officer Director	$0	$0	$0
JEFF SELLS	SECRETARY	5.00	Officer Director	$0	$0	$0
BRUCE ALLAN	TREASURER	5.00	Officer Director	$0	$0	$0
DIANE PIERCY	DIRECTOR	5.00	Director	$0	$0	$0
BEVERLY KITTLE	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN WALDRON	PRESIDENT/CEO	50.00	Officer	$775,957	$51,396	$827,353
JEREMY ZAGER	CFO	50.00	Officer	$299,553	$47,989	$347,542
DEANA TURCOTT	CHIEF HUMAN RESOURCES OFFICER	50.00	Key Emp	$216,914	$39,317	$256,231
DANIEL GATFIELD	CHIEF RETAIL OFFICER	50.00	Key Emp	$223,454	$30,540	$253,994
MICHAEL ANDERSON	CHIEF INFORMATION SYSTEMS OFFICER	50.00	Key Emp	$253,511	$40,751	$294,262
SHARON LOBO	CHIEF LENDING OFFICER	50.00	Key Emp	$275,651	$32,553	$308,204
ADAM KOISHOR	CHIEF STRATEGY OFFICER	50.00	Key Emp	$205,939	$13,179	$219,118
JESSE MONTICELLO	REAL ESTATE LENDING MANAGER	37.50	Highest	$169,023	$13,722	$182,745
DREW GOODRICH	INVESTMENT ADVISOR	37.50	Highest	$146,320	$32,078	$178,398
AARON GREEN	REGIONAL BRANCH OPS MANAGER	37.50	Highest	$150,914	$24,128	$175,042
KEVIN CARAGAY	COMMERCIAL LENDING MANAGER	37.50	Highest	$170,473	$34,048	$204,521
RICH REYES	REGIONAL BRANCH OPS MANAGER	37.50	Highest	$150,618	$17,597	$168,215

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	$107,618,264	$96,285,983	$2,342,921,086	$11,332,281
2022	$82,148,923	$62,306,924	$1,504,357,827	$19,841,999
2021	$72,954,813	$55,882,971	$1,382,283,793	$17,071,842

DORT FINANCIAL CREDIT UNION