ALLIANCE CATHOLIC CREDIT UNION

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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

1956

Legal Domicile

Principal Officer

DAN DAVIDSON

Phone

8779502228

Tax Period

2024-01-01 to 2024-12-31

ALLIANCE CATHOLIC CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $43.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.2M, a strong 23% operating margin.

Mission

TO PROVIDE TRUSTED FINANCIAL SERVICES, INSPIRED BY CATHOLIC VALUES AND TRADITIONS, TO ENHANCE THE FINANCIAL WELL-BEING OF OUR CATHOLIC COMMUNITY AND THE NEIGHBORS WE SERVE.

Program Service Accomplishments

Program 1

PROVIDE 32,501 MEMBERS WITH REGULAR SHARES, CHRISTMAS CLUB, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND IRAS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $553,147,000 AS OF DECEMBER 31...

Program 2

PROVIDE 15,314 LOANS INCLUDING NEW AND USED VEHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, CREDIT CARDS AND STUDENTS LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED...

PROVIDE 15,314 LOANS INCLUDING NEW AND USED VEHICLES, REVOLVING CREDIT, TUITION, OVERDRAFT, COMMERCIAL, MORTGAGES, CREDIT CARDS AND STUDENTS LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $328,624,000 AS OF DECEMBER 31, 2024.

Program 3

OFFER ATM/DEBIT CARDS, WIRE TRANSAFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT BOX RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS...

OFFER ATM/DEBIT CARDS, WIRE TRANSAFERS, MONEY ORDERS, COURTESY PAY, GIFT CARDS, BILL PAY, SAFE DEPOSIT BOX RENTALS, CHECK CASHING, COIN COUNTING, SHARED BRANCHING, MOBILE BANKING AND VARIOUS INSURANCE PRODUCTS TO ALL ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $300,000

Program Service Revenue $23,983,265

Investment Income $6,093,019

Other Revenue $13,244,561

TOTAL REVENUE $43,620,845

Expense Breakdown

Grants Paid $169,243

Salaries & Benefits $13,287,533

Fundraising Expenses $0

Other Expenses $19,922,059

TOTAL EXPENSES $33,378,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,620,845	$30,608,113	+0.4%
Expenses	$33,378,835	$30,066,146	+0.1%
Net Income	$10,242,010	$541,967	+17.9%

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

165

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

$1,157,649

Total Directors

Key Employees

$710,693

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE VALENTIC	CHAIRPERSON	1.00	Director	$0	$0	$0
KURT GODFREY	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
RICHARD SAAD	SECRETARY	1.00	Director	$0	$0	$0
PHILLIP MOREY	TREASURER	1.00	Director	$0	$0	$0
MARK VALERIUS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE OPATIK	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA NORTH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LEMIEUX	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRECH	PRESIDENT/CEO	40.00	Officer	$446,760	$204,506	$651,266
DANIEL DAVIDSON	EVP/COO	40.00	Officer	$373,806	$132,577	$506,383
RANDALL RICHMOND	CLO	40.00	Key Emp	$215,483	$166,986	$382,469
CHERYL MALLARD	CTO	40.00	Key Emp	$206,173	$122,051	$328,224
CHERYL ALLMACHER	VP DIGITAL TRANSFORMATION	40.00	Highest	$143,799	$28,946	$172,745
KEITH BURKE	VP-MARKETING	40.00	Highest	$142,380	$33,863	$176,243
CATHERINE MOREY	VP-RISK MANAGEMENT	40.00	Highest	$140,497	$46,359	$186,856
THOMAS C LEDUC	GENERAL COUNCIL	40.00	Highest	$155,367	$8,468	$163,835
ADAM TONGE	VP-RETAIL	40.00	Highest	$142,071	$16,565	$158,636

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	$43,620,845	$33,378,835	$627,211,663	$10,242,010
2023	$30,608,113	$30,066,146	$637,845,786	$541,967
2022	$23,179,127	$21,627,756	$638,619,506	$1,551,371
2021	$23,449,022	$21,223,319	$619,610,585	$2,225,703
2020	$23,532,245	$20,270,781	$559,617,469	$3,261,464
2019	$21,017,827	$16,795,947	$462,063,375	$4,221,880
2018	$19,374,879	$14,826,207	$447,333,121	$4,548,672