UNISON CREDIT UNION (EIN 391134930) - 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

1932

Legal Domicile

Principal Officer

MARK HIETPAS

Phone

9207666000

Tax Period

2024-01-01 to 2024-12-31

UNISON CREDIT UNION, founded in 1932, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 15% operating margin.

Mission

A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.

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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 $0

Program Service Revenue $13,652,614

Investment Income $7,153,265

Other Revenue $0

TOTAL REVENUE $20,805,879

Expense Breakdown

Grants Paid $117,013

Salaries & Benefits $5,644,039

Fundraising Expenses $0

Other Expenses $7,187,898

TOTAL EXPENSES $17,654,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,805,879	$16,625,551	+0.3%
Expenses	$17,654,609	$15,284,480	+0.2%
Net Income	$3,151,270	$1,341,071	+1.3%

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

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

$1,560,612

Total Directors

$387,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HIETPAS	CEO	40.00	Officer Director	$325,429	$61,928	$387,357
JOE VERHAGEN	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
JIM FETT	VICE CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
DANIEL VALENTYN	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL WEDIG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID VAN DE HEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH RUBEN WITTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GIOVANNA FELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES MARTIN	CFO	40.00	Officer	$194,946	$48,141	$243,087
CATHERINE KARI	EXECUTIVE VICE PRESIDENT	40.00	Officer	$203,170	$12,390	$215,560
VICKI RUNNING	CIO	40.00	Officer	$153,449	$42,064	$195,513
CHAD VAN HANDEL	CHIEF COMMERCIAL OFFICER	40.00	Officer	$140,580	$51,060	$191,640
RYAN HUEBNER	CHIEF MEMBER SERVICE OFFICER	40.00	Officer	$154,678	$22,561	$177,239
KELLI CLUSSMAN	CHIEF MARKETING OFFICER	40.00	Officer	$141,544	$8,672	$150,216

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	$20,805,879	$17,654,609	$338,931,066	$3,151,270
2023	$16,625,551	$15,284,480	$322,669,489	$1,341,071
2022	$11,161,425	$9,912,614	$299,910,600	$1,248,811
2021	$9,861,297	$8,853,665	$286,345,592	$1,007,632
2020	$10,602,829	$8,553,383	$260,104,059	$2,049,446
2019	$10,017,862	$8,773,561	$223,896,630	$1,244,301
2018	$9,190,863	$8,271,080	$211,974,593	$919,783

UNISON CREDIT UNION