TRUSTONE FINANCIAL CREDIT UNION (EIN 410749255) - 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

1939

Legal Domicile

Principal Officer

DALE TURNER

Phone

8008621998

Tax Period

2023-01-01 to 2023-12-31

TRUSTONE FINANCIAL CREDIT UNION, founded in 1939, is a major nonprofit that reported $255.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51.4M, a strong 20% operating margin.

Mission

WE ENGAGE, EDUCATE AND INSPIRE OUR MEMBERS TO ACHIEVE LIFELONG FINANCIAL WELL-BEING.

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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 $212,218,172

Investment Income $42,839,365

Other Revenue $181,132

TOTAL REVENUE $255,238,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,164,350

Fundraising Expenses $0

Other Expenses $83,138,046

TOTAL EXPENSES $203,830,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,238,669	$190,600,595	+0.3%
Expenses	$203,830,952	$134,126,061	+0.5%
Net Income	$51,407,717	$56,474,534	-0.1%

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

700

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

$6,487,064

Total Directors

$44,193

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CHRISTENSON	CHAIR	5.00	Officer Director	$4,229	$0	$4,229
DARRICK METZ	VICE CHAIR	5.00	Officer Director	$3,980	$0	$3,980
DOUG NESBIT	TREASUER	5.00	Officer Director	$4,576	$0	$4,576
ANNE ZIEBELL	SECRETARY	5.00	Officer Director	$0	$0	$0
JENNIFER WHITLOCK	DIRECTOR	2.00	Director	$5,000	$0	$5,000
LORI BONIN	DIRECTOR	2.00	Director	$5,000	$0	$5,000
SAMUEL STERN	DIRECTOR	2.00	Director	$5,000	$0	$5,000
STEVE HUNZIKER	DIRECTOR	2.00	Director	$5,000	$0	$5,000
JAMES SACKETT	DIRECTOR	2.00	Director	$3,913	$0	$3,913
STEVE BOHLIG	DIRECTOR	2.00	Director	$2,681	$0	$2,681
KEVIN CRANE	DIRECTOR	2.00	Director	$2,536	$0	$2,536
BRUCE WHITMORE	DIRECTOR	2.00	Director	$2,278	$0	$2,278
TOM ALAGNA	DIRECTOR	2.00	Director	$0	$0	$0
DALE TURNER	CHIEF EXECUTIVE OFFICER/PR	40.00	Officer	$1,086,393	$44,392	$1,130,785
STEVEN STEEN	CHIEF RETAIL OFFICER	40.00	Officer	$666,355	$59,519	$725,874
DANIEL ZACZKOWSKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$658,027	$58,134	$716,161
GARY JETER	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$638,270	$53,418	$691,688
HANS IVERSON	CHIEF OPERATIONS OFFICER	40.00	Officer	$628,921	$59,930	$688,851
PHILIP YOUNG	CHIEF LEGAL OFFICER	40.00	Officer	$622,713	$59,519	$682,232
MARTIN KELLY	CHIEF MARKETING OFFICER	40.00	Officer	$612,310	$56,075	$668,385
NICOLE HAHN DEMPSTER	CHIEF PEOPLE OFFICER	40.00	Officer	$548,274	$41,884	$590,158
NATHAN GRUNZKE	CHIEF MORTGAGE OFFICER	40.00	Officer	$536,874	$43,271	$580,145
JEFF ERPELDING	VP INVESTMENT SERVICES	40.00	Highest	$431,978	$58,076	$490,054
JEFFREY ZAJAC	MORTGAGE AREA SALES MANAGE	40.00	Highest	$369,482	$47,250	$416,732
JO LEE MCDEVITT	MORTGAGE CONSULTANT	40.00	Highest	$358,611	$31,461	$390,072
ERIC FELD	MORTGAGE CONSULTANT	40.00	Highest	$229,030	$54,947	$283,977
AMELIA JOHNSON	MORTGAGE CONSULTANT	40.00	Highest	$241,221	$26,396	$267,617

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	$255,238,669	$203,830,952	$5,003,146,902	$51,407,717
2022	$190,600,595	$134,126,061	$4,614,668,122	$56,474,534
2021	$161,649,599	$117,040,383	$3,979,767,120	$44,609,216
2020	$567,101	$395,878	$3,548,378,075	$171,223

TRUSTONE FINANCIAL CREDIT UNION