UNITY ONE CREDIT UNION (EIN 410447515) - 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

1927

Legal Domicile

Principal Officer

SCOTT WARD

Phone

8173063127

Tax Period

2023-01-01 to 2023-12-31

UNITY ONE CREDIT UNION, founded in 1927, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 15% operating margin.

Mission

PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,776,882

Investment Income $1,919,289

Other Revenue $63,309

TOTAL REVENUE $16,759,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,295,001

Fundraising Expenses $0

Other Expenses $8,869,400

TOTAL EXPENSES $14,164,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,759,480	$13,037,693	+0.3%
Expenses	$14,164,401	$10,970,008	+0.3%
Net Income	$2,595,079	$2,067,685	+0.3%

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

102

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

$979,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT ACCARDO	CHAIRMAN OF THE BOARD	3.00	Officer Director	$0	$0	$0
RICHARD EBEL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PATRICK FORSYTH	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
GREGORY PATIENT	DIRECTOR	3.00	Director	$0	$0	$0
MARY DIGGS	DIRECTOR	3.00	Director	$0	$0	$0
DALE MARISTUEN	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM RUPP	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY SAVOY	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT WARD	PRESIDENT / CEO	40.00	Officer	$336,704	$430,844	$767,548
ERIC HOHLER	VP FINANCE	40.00	Officer	$132,809	$78,764	$211,573
BETH PETERS	VP LENDING	40.00	Highest	$147,216	$18,816	$166,032
NATHAN WEBB	VP TECHNOLOGY	40.00	Highest	$141,763	$32,605	$174,368
JACKIE WISNESKI	VP RETAIL	40.00	Highest	$112,893	$41,617	$154,510
HERB GARCIA	VICE PRESIDENT OF RISK	40.00	Highest	$101,295	$15,211	$116,506

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	$16,759,480	$14,164,401	$285,879,166	$2,595,079
2022	$13,037,693	$10,970,008	$300,046,301	$2,067,685
2021	$12,194,283	$10,387,181	$307,107,463	$1,807,102
2020	$12,426,980	$12,358,849	$281,299,640	$68,131
2019	$13,189,466	$12,941,134	$247,321,051	$248,332
2018	$13,156,031	$12,405,887	$241,989,220	$750,144

UNITY ONE CREDIT UNION