EXPEDITION CREDIT UNION (EIN 410802271) - 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

1957

Legal Domicile

Principal Officer

SHAWN LANNIER

Phone

6512640669

Tax Period

2024-01-01 to 2024-12-31

EXPEDITION CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2024.

Mission

EXPEDITION CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE OPERATING TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBER OWNERS THROUGH REAL FINANCIAL SOLUTIONS.

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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 $8,337,112

Investment Income $1,942,720

Other Revenue $246,163

TOTAL REVENUE $10,525,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,834,048

Fundraising Expenses $0

Other Expenses $4,846,989

TOTAL EXPENSES $10,734,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,525,995	$9,959,055	+0.1%
Expenses	$10,734,781	$9,344,960	+0.1%
Net Income	$-208,786	$614,095	-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

N/A

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

$1,069,625

Total Directors

$4,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMONA SPRINGIS-DOSS	CHAIRMAN	1.00	Officer Director	$890	$0	$890
JAMES SMOLA	BOARD MEMBER/VICE CHAIR	1.00	Officer Director	$890	$0	$890
KANY SECK	BOARD MEMBER	1.00	Director	$659	$0	$659
JORDAN FORD	BOARD MEMBER/SECRETARY	1.00	Officer Director	$778	$0	$778
DWAYNE JOHNSON	BOARD MEMBER	1.00	Director	$815	$0	$815
PAUL R DAMMANN	PRESIDENT/CEO	38.00	Officer	$260,964	$40,208	$301,172
SHAWN LANNIER	COO	38.00	Officer	$166,632	$22,418	$189,050
ANDRE THIBAULT	CMO	38.00	Officer	$133,697	$99,160	$232,857
CALEB HENNEK	VP FINANCE	38.00	Officer	$135,243	$29,496	$164,739
BRANT PUTTKAMMER	VP INFORMATION TECHNOLOGY	38.00	Officer	$121,668	$57,581	$179,249
LONG HUANG	DATA ANALYST	38.00	Highest	$108,299	$0	$108,299

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	$10,525,995	$10,734,781	$227,611,177	$-208,786
2023	$9,959,055	$9,344,960	$226,908,188	$614,095
2022	$8,556,619	$7,737,239	$230,599,841	$819,380
2021	$8,050,046	$6,890,428	$237,093,245	$1,159,618
2020	$7,960,679	$7,261,211	$220,164,273	$699,468
2019	$8,843,175	$7,631,823	$193,485,574	$1,211,352
2018	$8,382,116	$6,806,250	$184,816,469	$1,575,866

EXPEDITION CREDIT UNION