Together Credit Union (EIN 430160998) - 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

Robert McKay

Phone

3147717700

Tax Period

2024-01-01 to 2024-12-31

Together Credit Union, founded in 1939, is a major nonprofit that reported $158.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $152.3M left a modest 4% surplus.

Mission

All activities pertain to a state chartered credit union that provides deposit and lending services to its membership which approximates 142,000

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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 $135,125,239

Investment Income $23,630,802

Other Revenue $0

TOTAL REVENUE $158,756,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,515,874

Fundraising Expenses $0

Program Expenses $152,262,812

Other Expenses $105,746,938

TOTAL EXPENSES $152,262,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,756,041	$135,539,350	+0.2%
Expenses	$152,262,812	$129,554,257	+0.2%
Net Income	$6,493,229	$5,985,093	+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

521

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

$4,244,647

Total Directors

$6,400

Key Employees

$7,056,890

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R McKay	President/CEO	40	Officer Key Emp Highest	$727,056	$988,220	$1,715,276
M Dougherty	CLO	40	Officer Key Emp	$344,726	$199,459	$544,185
D Wyatt	CIO	40	Officer Key Emp Highest	$397,987	$30,855	$428,842
C Trunko	CPO	40	Officer Key Emp Highest	$412,723	$10,248	$422,971
E Belshe	Chief Admin & Legal Officer	40	Officer Key Emp Highest	$389,040	$20,001	$409,041
T Kraus	COO	40	Officer Key Emp Highest	$347,182	$54,419	$401,601
L Skube	CFO	40	Officer Key Emp Highest	$301,955	$20,776	$322,731
J Moran	VP	40	Key Emp Highest	$253,484	$55,910	$309,394
J Cromer	VP	40	Key Emp Highest	$263,004	$24,283	$287,287
N Scudieri	VP	40	Key Emp Highest	$233,423	$44,770	$278,193
K Kunze	VP	40	Key Emp Highest	$219,046	$43,937	$262,983
P Sheahan	VP	40	Key Emp Highest	$225,119	$36,419	$261,538
M Imo-Moffitt	MLO	40	Highest	$209,874	$43,356	$253,230
J Criswell	VP	40	Key Emp Highest	$207,485	$43,269	$250,754
S Mueller	VP	40	Key Emp Highest	$206,138	$41,872	$248,010
P Scheibal	Director	40	Key Emp Highest	$214,391	$33,276	$247,667
G Vernon	MLO	40	Highest	$201,682	$42,865	$244,547
P Ricra	Director	40	Highest	$199,838	$44,398	$244,236
C Lindauer	VP	40	Key Emp Highest	$197,191	$44,602	$241,793
M Thinger	VP	40	Key Emp Highest	$210,316	$17,497	$227,813
D Brockett	Manager	40	Highest	$166,331	$40,389	$206,720
J Boyer	VP	40	Key Emp Highest	$183,479	$13,332	$196,811
C Klauke	Assoc Board Member	0	Director	$2,941	$0	$2,941
S Stobbs	Board Member	0	Director	$1,350	$0	$1,350
R Kraus	Board Member	0	Director	$1,231	$0	$1,231
K Wesselschmidt	Assoc Board Member	0	Director	$567	$0	$567
T Jacobs	Assoc Board Member	0	Director	$311	$0	$311
A Saferite	Assoc Board Member	0	Director	$0	$0	$0
A Dierkes	Board Member	0	Director	$0	$0	$0
M Chapman	Board Member	0	Director	$0	$0	$0
J Fugel	Board Member	0	Director	$0	$0	$0
B Rickmann	Board Member	0	Director	$0	$0	$0
J Knapper	Board Member	0	Director	$0	$0	$0
M Harris	Board Member	0	Director	$0	$0	$0
B Tuffli	Board Member	0	Director	$0	$0	$0
J Mize	Assoc Board Member	0	Director	$0	$0	$0

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	$158,756,041	$152,262,812	$2,526,424,909	$6,493,229
2023	$135,539,350	$129,554,257	$2,417,889,259	$5,985,093
2022	$110,258,983	$102,394,402	$2,446,406,107	$7,864,581
2021	$107,418,867	$86,638,223	$2,310,446,798	$20,780,644
2020	$109,407,246	$95,580,383	$2,107,521,700	$13,826,863
2019	$109,073,449	$94,556,170	$1,825,507,133	$14,517,279

Together Credit Union