TOPLINE FINANCIAL CREDIT UNION (EIN 410415960) - 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

1996

Legal Domicile

Principal Officer

MITCHELL OLSON

Phone

7633919494

Tax Period

2023-01-01 to 2023-12-31

TOPLINE FINANCIAL CREDIT UNION, founded in 1996, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $42.9M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 17% operating margin.

Mission

DEDICATED TO BUILDING LIFE-LONG RELATIONSHIPS TO HELP YOU REACH AND MANAGE YOUR PERSONAL FINANCIAL GOALS.

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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 $40,907,024

Investment Income $1,455,997

Other Revenue $513,754

TOTAL REVENUE $42,876,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,925,898

Fundraising Expenses $0

Other Expenses $15,103,018

TOTAL EXPENSES $35,743,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,876,775	$17,982,194	+1.4%
Expenses	$35,743,645	$13,494,433	+1.6%
Net Income	$7,133,130	$4,487,761	+0.6%

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

144

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

$820,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL JACOBSON	CHAIR	1.00	Officer Director	$0	$0	$0
JOAN MOLENAAR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL HNATH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN JACOBS	SECRETARY	1.00	Officer Director	$0	$0	$0
PAM STEGORA AXBERG	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BREIT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ENSTENESS	DIRECTOR	1.00	Director	$0	$0	$0
PRABHAKAR KARRI	DIRECTOR	1.00	Director	$0	$0	$0
THERESE KIEFFER	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL OLSON	CEO	40.00	Officer	$392,049	$136,910	$528,959
ALAN SONNENBURG	SVP LENDING, CLO	40.00	Officer	$243,277	$48,621	$291,898
SHAWN GAUSTAD	SENIOR INVESTMENT REPRESEN	40.00	Highest	$345,679	$28,259	$373,938
VICKI ERICKSON	CMO	40.00	Highest	$262,283	$42,620	$304,903
KENT ENGLER	SVP MEMBER SERVICES & BRAN	40.00	Highest	$232,160	$39,802	$271,962
COLLEEN JAKES	SVP INFORMATION SERVICES	40.00	Highest	$225,592	$29,463	$255,055
ALICIA BARBER	VP OF HR	40.00	Highest	$210,809	$15,138	$225,947

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	$42,876,775	$35,743,645	$801,323,948	$7,133,130

TOPLINE FINANCIAL CREDIT UNION