MAZUMA CREDIT UNION (EIN 440544335) - 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

1948

Legal Domicile

Principal Officer

DEONNE CHRISTENSEN

Phone

9135745000

Tax Period

2023-01-01 to 2023-12-31

MAZUMA CREDIT UNION, founded in 1948, is a mid-sized nonprofit that reported $65.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $62.5M left a modest 4% surplus.

Mission

A NOT-FOR-PROFIT CREDIT UNION SERVING THE COMMUNITIES OF CASS, JACKSON AND CLAY COUNTIES IN MISSOURI AND JOHNSON AND WYANDOTTE COUNTIES IN KANSAS.

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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 $57,474,537

Investment Income $5,929,311

Other Revenue $1,591,671

TOTAL REVENUE $64,995,519

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $20,234,513

Fundraising Expenses $0

Other Expenses $42,196,923

TOTAL EXPENSES $62,521,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,995,519	$55,384,302	+0.2%
Expenses	$62,521,436	$49,259,039	+0.3%
Net Income	$2,474,083	$6,125,263	-0.6%

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

245

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

$837,583

Total Directors

Key Employees

$2,134,264

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS PETRY	CHAIRPERSON	1.00	Director	$0	$0	$0
IKE NWABUONWU	V. CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN LATHROP	BOD TREASURER	1.00	Director	$0	$0	$0
CARLA JOHNSON	BOD SECRETARY	1.00	Director	$0	$0	$0
CLIFTON CARNEY	BOD MEMBER	1.00	Director	$0	$0	$0
JEFF WESTMEYER	BOD MEMBER	1.00	Director	$0	$0	$0
MATTHEW CATES	BOD MEMBER	1.00	Director	$0	$0	$0
SHARON CLEAVER	BOD MEMBER	1.00	Director	$0	$0	$0
TINA FRYMER	BOD MEMBER	1.00	Director	$0	$0	$0
DEONNE CHRISTENSEN	CEO	45.00	Officer	$463,283	$35,298	$498,581
JUSTIN MOUZOUKOS	CFO	45.00	Officer	$311,087	$27,915	$339,002
DANIEL ENGELHARD	CLO	45.00	Key Emp	$376,090	$36,211	$412,301
BRAD REIN	CIO	45.00	Key Emp	$288,018	$33,735	$321,753
MICHELLE WOOD	CHIEF CULTURE & DIVERSITY OFFICER	45.00	Key Emp	$299,482	$37,712	$337,194
SEREPTHA J HELM	CHIEF MEMBER OFFICER	45.00	Key Emp	$263,271	$24,587	$287,858
SEAN VOTH	VP CONSUMER LENDING	40.00	Key Emp	$184,625	$18,087	$202,712
MARK THOMPSON	VP GROWTH	40.00	Key Emp	$168,214	$24,687	$192,901
MICHAEL SCHRECK	VP RISK MANAGEMENT	40.00	Key Emp	$167,608	$25,212	$192,820
CATHERINE SOLOMON	VP BRANCH OPERATIONS	40.00	Key Emp	$173,190	$13,535	$186,725
TIMOTHY J SCHEER	VP RETAIL OPERATIONS	40.00	Highest	$157,895	$24,665	$182,560
LAUREN CLEMENT	VP MORTGAGE OPERATIONS	40.00	Highest	$153,865	$6,797	$160,662
LAURA EBLEN	VP OF MEMBER ENGAGEMENT AND GOVERNMENT AF	40.00	Highest	$154,586	$17,921	$172,507
RENEE TAYLOR	DIRECTOR OF MEMBER RELATIONSHIP CENTER	40.00	Highest	$146,640	$6,835	$153,475
CAROLINE ENGLE	VP OF MARKETING	40.00	Highest	$138,995	$10,883	$149,878

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	$64,995,519	$62,521,436	$973,886,503	$2,474,083
2022	$55,384,302	$49,259,039	$928,906,481	$6,125,263
2021	$50,193,306	$36,328,403	$896,877,355	$13,864,903
2020	$49,387,120	$39,155,025	$832,285,342	$10,232,095
2019	$47,211,942	$39,788,227	$695,742,630	$7,423,715
2018	$45,897,229	$37,722,190	$661,118,286	$8,175,039

MAZUMA CREDIT UNION