Parkside Credit Union (EIN 381485730) - 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

1953

Legal Domicile

Principal Officer

JANET THOMPSON

Phone

7345250700

Tax Period

2023-01-01 to 2023-12-31

Parkside Credit Union, founded in 1953, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.

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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 $11,638,086

Investment Income $1,254,483

Other Revenue $0

TOTAL REVENUE $12,892,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,310,111

Fundraising Expenses $0

Other Expenses $8,844,954

TOTAL EXPENSES $13,155,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,892,569	$11,368,957	+0.1%
Expenses	$13,155,065	$9,936,232	+0.3%
Net Income	$-262,496	$1,432,725	-1.2%

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

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

$1,013,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET THOMPSON	President & CEO	40.00	Officer	$308,765	$24,309	$333,074
HEATHER COLONIUS	Vice President	40.00	Officer	$121,837	$24,716	$146,553
CONNIE GLADKI	CFO	40.00	Officer	$121,252	$22,898	$144,150
MICHELE LEBORDAIS	Vice President	40.00	Officer	$113,877	$21,935	$135,812
JOY-MICHELLE BOBBY	Vice President	40.00	Officer	$119,855	$8,589	$128,444
ANDREW CRABB	Vice President	40.00	Officer	$119,091	$6,545	$125,636
WILLIAM SACKETT	Chairman	1.00	Director	$0	$0	$0
MICHAEL RAWSON	Treasurer	1.00	Director	$0	$0	$0
RICHARD POKERWINSKI	Director	1.00	Director	$0	$0	$0
JERRY MILLER	Director	1.00	Director	$0	$0	$0
BRIGITTE FAWAZ-ANOUTI	Director	1.00	Director	$0	$0	$0
DORIS GRAHAM	Director	1.00	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
2023	$12,892,569	$13,155,065	$170,093,753	$-262,496
2023	$12,892,569	$13,155,065	No data	$-262,496
2022	$11,368,957	$9,936,232	$159,358,913	$1,432,725
2021	$10,152,824	$8,945,602	$166,357,063	$1,207,222
2020	$9,155,642	$8,579,547	$154,752,322	$576,095
2019	$10,136,995	$8,575,129	$125,429,259	$1,561,866
2018	$9,051,351	$7,858,713	$118,377,378	$1,192,638

Parkside Credit Union