GreenState Credit Union (EIN 420804594) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Phone

3193391000

Tax Period

2025-01-01 to 2025-12-31

GreenState Credit Union, founded in 1938, is a major nonprofit that reported $628.6M in total revenue in fiscal year 2025.

Mission

GreenState Credit Union exists to create lasting value by strengthening the financial wellbeing of its members and communities. Founded in 1938, the credit union delivers member focused financial services while returning value through competitive rates, lower fees, and community investment.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $514,202,697

Investment Income $42,758,122

Other Revenue $71,643,863

TOTAL REVENUE $628,604,682

Expense Breakdown

Grants Paid $4,200,526

Salaries & Benefits $135,406,296

Fundraising Expenses $0

Program Expenses $0

Other Expenses $496,882,545

TOTAL EXPENSES $636,489,367

Year-over-Year Comparison

	2025	2024	Change
Revenue	$628,604,682	$614,727,208	+0.0%
Expenses	$636,489,367	$594,501,781	+0.1%
Net Income	$-7,884,685	$20,225,427	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

1118

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

$6,525,414

Total Directors

$186,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Drew Denning	BOD - Treasurer	6.0	Officer Director	$18,396	$0	$18,396
Fred Mims	BOD - Chairperson	16.0	Officer Director	$23,260	$0	$23,260
Laurel Day	BOD - Secretary	3.0	Officer Director	$20,849	$0	$20,849
Lynsey Engels	BOD - Vice Chariperson	11.0	Officer Director	$18,396	$0	$18,396
Mark Rolinger	BOD - Credit Committee Chairperson	3.0	Officer Director	$24,507	$0	$24,507
MJ Dolan	BOD - Audit Risk Managment Committee Chairperson	3.0	Officer Director	$20,813	$0	$20,813
Kevin Kieth	Board of Directors	3.0	Director	$20,055	$0	$20,055
Richard Noble	Board of Directors	3.0	Director	$21,662	$0	$21,662
Tiffany O'Donnell	BOD - Director	3.0	Director	$18,396	$0	$18,396
Christopher Pech	Chief Legal Officer	50.0	Officer	$394,548	$34,842	$429,390
Heather Stumpf	Chief Financial Officer	50.0	Officer	$391,417	$14,391	$405,808
James Kelly	Chief Marketing Officer	50.0	Officer	$443,784	$62,634	$506,418
Jennifer Bleil	Chief Administrative Officer	50.0	Officer	$395,724	$25,872	$421,596
KATHERINE COURTNEY LEFT 112025	CHIEF EXPERIENCE AND OPERATING OFFICER	50.0	Officer	$1,135,963	$38,500	$1,174,463
Ryan Doehrmann	Chief Lending Officer	50.0	Officer	$417,592	$57,099	$474,691
Ryan Gage	Chief Risk Officer	50.0	Officer	$392,958	$37,262	$430,220
Samantha McSorley	Chief Operating Officer	50.0	Officer	$451,167	$38,500	$489,667
Scott Taylor	Chief Information Officer	50.0	Officer	$446,371	$38,408	$484,779
Vikram Israni	Chief Executive Officer	50.0	Officer	$1,549,515	$32,646	$1,582,161
Aaron Kowalski	VP/Mortgage Loan Officer	50.0	Highest	$651,003	$32,656	$683,659
Daryn Peterson	VP/Mortgage Lending	50.0	Highest	$938,372	$38,500	$976,872
Eric Norman	SVP/Mortgage Lending	50.0	Highest	$810,303	$58,262	$868,565
Peter Johnson	VP/Mortgage Loan Officer	50.0	Highest	$699,545	$58,262	$757,807
Scott Langenberg	VP/Mortgage Loan Officer	50.0	Highest	$660,881	$58,262	$719,143

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
2025	$628,604,682	$636,489,367	$11,160,440,113	$-7,884,685
2024	$614,727,208	$594,501,781	$10,631,477,748	$20,225,427
2023	$577,564,645	$662,235,089	$11,331,220,069	$-84,670,444
2022	$499,617,400	$457,912,805	$11,278,583,077	$41,704,595
2021	$418,753,010	$219,645,803	$9,006,590,517	$199,107,207
2020	$362,484,710	$251,717,775	$7,112,600,980	$110,766,935
2018	$263,650,226	$187,859,035	$5,377,351,129	$75,791,191

GreenState Credit Union