TELCOMM 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

1940

Legal Domicile

Principal Officer

JESSICA SHORNEY

Phone

4178865355

Tax Period

2024-01-01 to 2024-12-31

TELCOMM CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $20.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $18.9M left a modest 10% surplus.

Mission

MEMBER OWNED COOPERATIVE PROVIDING HIGH QUALITY FINANCIAL SERVICES TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES SAVINGS AND LOAN SERVICES AS WELL AS OTHER FINANCIAL SERVICES TO APPROXIMATELY 24,150 MEMBERS AT COMPETITIVE RATES TO IMPROVE THEIR ECONOMIC CONDITION.

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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 $19,236,459

Investment Income $1,632,149

Other Revenue $30,112

TOTAL REVENUE $20,898,720

Expense Breakdown

Grants Paid $36,569

Salaries & Benefits $5,618,031

Fundraising Expenses $0

Other Expenses $13,243,435

TOTAL EXPENSES $18,898,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,898,720	$17,606,780	+0.2%
Expenses	$18,898,035	$14,931,870	+0.3%
Net Income	$2,000,685	$2,674,910	-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

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

$773,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY ECK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RON BARBER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID ROPER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE WOODALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT BEDINGHAUS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY HARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB NETZER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LOSH	BOARD MEMBER	1.00	Director	$0	$0	$0
DUDE MELTON RESIGNED	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LOSH RESIGNED	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HALSTEAD RESIGNED	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA SHORNEY	PRESIDENT/CEO	40.00	Officer	$254,098	$39,302	$293,400
CHRIS GLENN	CHIEF LENDING OFFICER	40.00	Officer	$140,181	$19,264	$159,445
JENNIFER SWEENEY	COO	40.00	Officer	$134,772	$21,524	$156,296
BETH HYLSKY RESIGNED	CFO	40.00	Officer	$141,446	$13,519	$154,965
JACKIE LAWHON	CFO	40.00	Officer	$9,808	$0	$9,808
JOSHUA HILDREBRAND	HCE	40.00	Highest	$106,745	$13,939	$120,684
TIMOTHY HARRIS	HCE	40.00	Highest	$103,557	$12,707	$116,264

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	$20,898,720	$18,898,035	$308,222,357	$2,000,685
2023	$17,606,780	$14,931,870	$298,879,579	$2,674,910
2022	$13,563,264	$10,356,566	$273,963,242	$3,206,698
2021	$11,784,630	$8,000,578	$246,500,693	$3,784,052
2020	$10,586,724	$7,405,624	$220,804,918	$3,181,100
2019	$9,697,193	$6,693,451	$178,949,811	$3,003,742
2018	$8,435,467	$5,564,284	$158,672,940	$2,871,183