Corporate Central Credit Union (EIN 391370057) - 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

1981

Legal Domicile

Principal Officer

Nicholas Fanning CFA

Phone

4144255555

Tax Period

2023-01-01 to 2023-12-31

Corporate Central Credit Union, founded in 1981, is a major nonprofit that reported $244.0M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $224.1M left a modest 8% surplus.

Mission

To meet the changing financial needs of our members by promoting outstanding service and value; by treating others in a manner that develops and maintains trust by following through and pursuing excellence and by growing.

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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 $8,455,509

Investment Income $228,201,422

Other Revenue $7,348,137

TOTAL REVENUE $244,005,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,172,427

Fundraising Expenses $0

Program Expenses $0

Other Expenses $214,946,897

TOTAL EXPENSES $224,119,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,005,068	$135,617,240	+0.8%
Expenses	$224,119,324	$95,439,016	+1.3%
Net Income	$19,885,744	$40,178,224	-0.5%

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

$3,453,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Felton	President and CEO	40	Officer	$464,023	$62,810	$526,833
Gregg Tushaus	SVP Chief Technology & Strategy Officer	40	Officer	$293,864	$115,466	$409,330
Nick Fanning	SVP/Chief Financial Officer	40	Officer	$296,688	$74,538	$371,226
Kevin Chiappetta	SVP/Investment Services	40	Officer	$226,795	$107,756	$334,551
Adam Stone	Executive Vice President Investment Services	40	Officer	$240,643	$54,445	$295,088
Nancy Morgan	SVP/Chief Operating Officer	40	Officer	$281,498	$0	$281,498
Jesse Kohl	SVP/Corporate Development	40	Officer	$223,026	$39,749	$262,775
Brian Nowak	Information Technology Director	40	Highest	$190,150	$44,472	$234,622
John Hickey	VP Investments	40	Officer	$159,872	$58,634	$218,506
Cherie Spargur	VP Accounting	40	Officer	$169,677	$31,878	$201,555
Fred Blask	VP Governance Risk & Compliance	40	Officer	$142,386	$53,403	$195,789
Karen Christie	VP Member Services	40	Officer	$182,978	$0	$182,978
Kent Tushaus	Senior Software Engineer	40	Highest	$127,679	$52,512	$180,191
Daniel McIntyre	VP Investment Services	40	Officer	$134,737	$38,958	$173,695
Jevon Cliffgard	Lead Software Architect	40	Highest	$135,361	$24,476	$159,837
Chris Geisler	Director - Business Development	40	Highest	$123,885	$29,691	$153,576
Chuck Doherty	Executive Account Manager	40	Highest	$130,411	$0	$130,411
Peter Paulson	Chair	1	Director	$0	$0	$0
Val Mindak	Vice Chair	1	Director	$0	$0	$0
Sue Johnson	Secretary	1	Director	$0	$0	$0
Steve Koenen	Treasurer	1	Director	$0	$0	$0
Jay Magulski	Director	1	Director	$0	$0	$0
Chris Allen	Director	1	Director	$0	$0	$0
Eric Chrisinger	Director	1	Director	$0	$0	$0
Angela Hanson	Director	1	Director	$0	$0	$0
Daniel Ige	Director	1	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$244,005,068	$224,119,324	$3,048,838,499	$19,885,744
2022	$135,617,240	$95,439,016	$3,090,180,470	$40,178,224
2021	$69,700,189	$24,582,514	$3,601,269,698	$45,117,675
2020	$44,069,017	$30,305,256	$4,013,249,043	$13,763,761
2019	$69,613,593	$61,001,654	$2,521,776,562	$8,611,939

Corporate Central Credit Union