ALLIANCE CREDIT UNION

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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

1948

Legal Domicile

Principal Officer

TIMOTHY F STEPHENS

Phone

6363437005

Tax Period

2023-01-01 to 2023-12-31

ALLIANCE CREDIT UNION, founded in 1948, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $17.1M left a modest 11% surplus.

Mission

PROVIDE COMPETIVE FINANCIAL SERVICES AND PRODUCTS THAT DELIVER VALUE AND ENRICH THE LIVES OF OUR MEMBERS.

Program Service Accomplishments

Program 1

Revenue: $18,756,295

OUR GROSS LOANS INCREASE BY 21.21 MILLION FOR THE YEAR ENDING 2023. WE ENDED THE YEAR AT 346.60 MILLION.

Program 2

Expenses: $1,423,268

OUR DEPOSITS INCREASED FOR THE YEAR ENDING 2023 BY 15,252,000 WITH THE YEAR-END BALANCE OF 295,669,000

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,756,295

Investment Income $555,615

Other Revenue $3,942

TOTAL REVENUE $19,315,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,558,383

Fundraising Expenses $0

Program Expenses $1,423,268

Other Expenses $10,555,857

TOTAL EXPENSES $17,114,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,315,852	$16,275,629	+0.2%
Expenses	$17,114,240	$13,471,500	+0.3%
Net Income	$2,201,612	$2,804,129	-0.2%

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

108

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

$1,366,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY F STEPHENS	PRESIDENT &	40.00	Officer	$393,683	$72,325	$466,008
KEN BELLAMY	CFO	40.00	Officer	$178,114	$62,770	$240,884
SEAN CHAMBERS	CHIEF OPERAT	40.00	Officer	$171,756	$44,719	$216,475
FRANK EVANS	VP OF HR	40.00	Officer	$123,892	$41,475	$165,367
ALBERT OGENT	AVP OF ACCOU	40.00	Officer	$119,914	$25,129	$145,043
DEBBIE SMITH	AVP INTERNAL	40.00	Officer	$109,694	$23,029	$132,723
AUSTIN MARTENS	LOAN MANAGER	40.00	Highest	$116,936	$15,084	$132,020
MR ROBERT W HAUL	BOARD MEMBER	N/A	Director	$0	$0	$0
BEN J HEGVIK	BOARD CHAIRM	N/A	Director	$0	$0	$0
MR MARSHALL WATKINS JR	BOARD MEMBER	N/A	Director	$0	$0	$0
MR LARRY MARKOS	SECRETARY/TR	N/A	Director	$0	$0	$0
MS JENNIFER WISCONS MILLER	VICE-CHAIRPE	N/A	Director	$0	$0	$0
MR WILLIAM F MOLSTAD	BOARD MEMBER	N/A	Director	$0	$0	$0
MR GARY ROTTLER	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$19,315,852	$17,114,240	$390,251,724	$2,201,612
2021	$16,401,673	$13,696,794	$375,125,744	$2,704,879
2020	$16,286,305	$13,991,660	$367,476,135	$2,294,645
2019	$17,381,795	$14,899,645	$311,983,158	$2,482,150
2018	$15,884,023	$13,802,892	$281,853,804	$2,081,131