WINGS FINANCIAL CREDIT UNION (EIN 416028665) - 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

1938

Legal Domicile

Principal Officer

R FRANK WEIDNER

Phone

9529978000

Tax Period

2023-01-01 to 2023-12-31

WINGS FINANCIAL CREDIT UNION, founded in 1938, is a major nonprofit that reported $421.6M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $358.8M left a modest 15% surplus.

Mission

TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR 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 $357,518,289

Investment Income $63,019,654

Other Revenue $1,087,713

TOTAL REVENUE $421,625,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,245,529

Fundraising Expenses $0

Other Expenses $162,998,604

TOTAL EXPENSES $358,760,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,625,656	$305,132,248	+0.4%
Expenses	$358,760,337	$212,488,081	+0.7%
Net Income	$62,865,319	$92,644,167	-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

959

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

$7,991,731

Total Directors

$4,031,566

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R FRANK WEIDNER	PRESIDENT/CEO	40.00	Officer Director	$1,926,651	$1,835,915	$3,762,566
JOANN HARRIS	CHAIRMAN	3.00	Officer Director	$50,000	$0	$50,000
JULIE A RATH	VICE CHAIRMAN	3.00	Officer Director	$44,000	$0	$44,000
GREGORY MILLER	SECRETARY/TREASURER	3.00	Officer Director	$44,000	$0	$44,000
GEOFF HECK	DIRECTOR	3.00	Director	$44,000	$0	$44,000
CHERYL MINKS	DIRECTOR	3.00	Director	$44,000	$0	$44,000
MARK PHOTIADES	DIRECTOR	3.00	Director	$43,000	$0	$43,000
NORM CREVELING	SVP/CHIEF LENDING OFFICER	40.00	Officer	$597,287	$247,083	$844,370
GREGORY HIGGINS	SVP/CHIEF ADMIN OFF/GEN C	40.00	Officer	$672,850	$51,047	$723,897
JOHN J WAGNER	SVP/MEMBER EXPERIENCE	40.00	Officer	$669,304	$51,047	$720,351
VIKRAM K ISRANI	SVP/CHIEF FINANCIAL OFFICE	40.00	Officer	$647,573	$41,191	$688,764
XIAOSONG HOU	SVP/CHIEF DIGITAL DATA & D	40.00	Officer	$536,984	$50,942	$587,926
BRADLEY GRANT	SVP/CHIEF TECHNOLOGY OFFIC	40.00	Officer	$474,810	$51,047	$525,857
MARC KENVILLE	SR FINANCIAL ADVISOR	40.00	Highest	$407,177	$42,393	$449,570
JEFFREY PETRONACK	SR FINANCIAL ADVISOR	40.00	Highest	$407,009	$39,444	$446,453
SHANE IRONS	SR FINANCIAL ADVISOR	40.00	Highest	$322,387	$50,047	$372,434
JOHN DEGELMAMN	SR FINANCIAL ADVISOR	40.00	Highest	$315,022	$41,813	$356,835
SCOTT RAMSDALE	VP - BUSINESS SERVICES	40.00	Highest	$274,265	$45,202	$319,467

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	$421,625,656	$358,760,337	$9,668,393,553	$62,865,319
2022	$305,132,248	$212,488,081	$8,422,113,483	$92,644,167
2021	$281,384,736	$191,673,885	$7,846,662,395	$89,710,851
2020	$272,278,052	$192,710,710	$6,727,159,629	$79,567,342
2019	$245,858,767	$165,088,622	$5,630,463,637	$80,770,145
2018	$202,702,144	$133,203,161	$5,065,188,998	$69,498,983

WINGS FINANCIAL CREDIT UNION