TRUE COMMUNITY CREDIT UNION (EIN 381453620) - 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

2020

Legal Domicile

Principal Officer

CHRISTINA SIDERS

Phone

5177847101

Tax Period

2024-01-01 to 2024-12-31

TRUE COMMUNITY CREDIT UNION, founded in 2020, is a mid-sized nonprofit that reported $67.6M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $64.4M left a modest 5% surplus.

Mission

TO CULTIVATE LEGACY-DEFINING MOMENTS FOR THE PEOPLE AND PLACES WE SERVE FOR GENERATIONS TO COME.

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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 $5,000

Program Service Revenue $64,116,283

Investment Income $3,450,171

Other Revenue $3,539

TOTAL REVENUE $67,574,993

Expense Breakdown

Grants Paid $429,402

Salaries & Benefits $23,933,803

Fundraising Expenses $0

Other Expenses $40,031,970

TOTAL EXPENSES $64,395,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,574,993	$42,926,246	+0.6%
Expenses	$64,395,175	$38,572,848	+0.7%
Net Income	$3,179,818	$4,353,398	-0.3%

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

284

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

$838,683

Total Directors

$14,195

Key Employees

$1,670,490

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BURGETT	BOARD CHAIRPERSON	1.00	Director	$2,021	$0	$2,021
CHELSEA PAGE	BOARD VICECHAIRPERSON	1.00	Director	$1,382	$0	$1,382
TIMOTHY DENTON	BOARD TREASURER	1.00	Director	$2,430	$0	$2,430
REGINA PINNEY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KAREN RICHARD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TOM BUTMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JACOB INOCENCIO	BOARD DIRECTOR	1.00	Director	$865	$0	$865
BRITGITTEE FAWAZ-ANOUTI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DORIS GRAHAM	BOARD DIRECTOR	1.00	Director	$3,692	$0	$3,692
MICHAEL RAWSON	BOARD DIRECTOR	1.00	Director	$1,174	$0	$1,174
WILLIAM SACKETT	BOARD DIRECTOR	1.00	Director	$2,631	$0	$2,631
RICHARD POKERWINSKI	BOARD DIRECTOR/EMERITUS	1.00	Director	$0	$0	$0
STU KAIL	BOARD DIRECTOR/ASSOCIATE	1.00	Director	$0	$0	$0
CHELSEA EISELE	BOARD DIRECTOR/ASSOCIATE	1.00	Director	$0	$0	$0
YVETTE WILKIE	BOARD DIRECTOR/ASSOCIATE	1.00	Director	$0	$0	$0
CHRISTINA SIDERS	PRESIDENT/CEO	40.00	Officer	$541,110	$31,500	$572,610
LANCE SCHNITKEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$246,915	$19,158	$266,073
JANET THOMPSON	EVP/CHIEF INTEGRATION OFFICER	40.00	Key Emp	$311,615	$36,633	$348,248
JASON MATLEY	EVP/CHIEF STRATEGY OFFICER	40.00	Key Emp	$286,227	$20,687	$306,914
VALERIE MOSKAL	CHIEF GROWTH & LENDING OFFICER	40.00	Key Emp	$279,553	$37,463	$317,016
SARAH ERMATINGER	CHIEF COMMUNITY IMPACT OFFICER	40.00	Key Emp	$222,601	$23,262	$245,863
HEATHER HARBACK	CHIEF PEOPLE OFFICER	40.00	Key Emp	$203,107	$31,597	$234,704
BRANDI COLE	CHIEF RISK OFFICER	40.00	Key Emp	$185,691	$32,054	$217,745
TERRY FRENCH	INVESTMENT ADVISOR	40.00	Highest	$258,297	$14,608	$272,905
JONATHAN BEARD	VP OF DIGITAL TRANSFORMATI	40.00	Highest	$205,555	$28,207	$233,762
CANIS ARBROUET	VP OF FACILITIES	40.00	Highest	$196,591	$29,963	$226,554
SHAWN CHRISTIE	VP OF WEALTH MANAGEMENT	40.00	Highest	$176,097	$36,649	$212,746
JEANINE MWHITE	SPECIAL PROJECT CONSULTANT	40.00	Highest	$172,049	$-36,193	$135,856

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	$67,574,993	$64,395,175	$880,536,100	$3,179,818
2023	$42,926,246	$38,572,848	$703,073,726	$4,353,398
2022	$35,270,035	$31,553,892	$683,496,777	$3,716,143
2021	$30,339,343	$26,190,043	$691,048,479	$4,149,300

TRUE COMMUNITY CREDIT UNION