ZEAL CREDIT UNION (EIN 381569911) - 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

1954

Legal Domicile

Principal Officer

JULIE KREINBRING

Phone

7345223700

Tax Period

2023-01-01 to 2023-12-31

ZEAL CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $54.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.6M, a strong 43% operating margin.

Mission

FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS.

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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 $47,709,723

Investment Income $7,079,191

Other Revenue $0

TOTAL REVENUE $54,788,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,140,731

Fundraising Expenses $0

Other Expenses $20,071,920

TOTAL EXPENSES $31,212,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,788,914	$44,218,975	+0.2%
Expenses	$31,212,651	$30,699,063	+0.0%
Net Income	$23,576,263	$13,519,912	+0.7%

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

186

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

$1,070,439

Total Directors

Key Employees

$678,646

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A O'HEHIR	CHAIRPERSON	2.00	Director	$0	$0	$0
DAVID L KISIC	SECRETARY	2.00	Director	$0	$0	$0
DAVID ADAMS JR	DIRECTOR	2.00	Director	$0	$0	$0
KAREN RAWLS	TREASURER	2.00	Director	$0	$0	$0
KATHY RICHARDSON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL MESSIMER	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
SHARON WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN LESLIE	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL R PALISE	DIRECTOR	2.00	Director	$0	$0	$0
JULIE KREINBRING	PRESIDENT/CEO	40.00	Officer	$543,747	$188,281	$732,028
RONALD BOEHNLEIN	CFO	40.00	Officer	$296,689	$41,722	$338,411
CORETTA WALLACE	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$215,556	$14,008	$229,564
SANDRA SELEWSKI	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$179,969	$56,095	$236,064
MICHAEL CONNOLLY	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$178,231	$34,787	$213,018
COLLEEN CHAPMAN	VP MEMBER EXPERIENCE	40.00	Highest	$155,163	$31,708	$186,871
PAULA PICCININI	VP MARKETING	40.00	Highest	$130,523	$13,635	$144,158
EDWARD PRIEBE	INFORMATION SECURITY OFFIC	40.00	Highest	$111,413	$11,164	$122,577

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	$54,788,914	$31,212,651	$808,824,973	$23,576,263
2022	$44,218,975	$30,699,063	$828,595,532	$13,519,912
2021	$36,012,101	$26,483,796	$845,388,526	$9,528,305
2020	$33,638,711	$30,626,488	$745,488,858	$3,012,223
2019	$36,110,917	$34,095,523	$611,976,327	$2,015,394
2018	$34,602,066	$29,724,645	$597,597,596	$4,877,421

ZEAL CREDIT UNION