WHITE EAGLE CREDIT UNION (EIN 480126615) - 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

1935

Legal Domicile

Principal Officer

ERIC BROWN

Phone

3167757591

Tax Period

2023-01-01 to 2023-12-31

WHITE EAGLE CREDIT UNION, founded in 1935, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 21% operating margin.

Mission

A FINANCIAL COOPERATIVE DEDICATED TO OUTSTANDING PERSONAL SERVICE, THE LATEST TECHNOLOGY AND PRODUCTS, AND EMPOWERING MEMBERS TO IMPROVE THEIR FINANCIAL WELL-BEING.

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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 $7,552,087

Investment Income $1,315,434

Other Revenue $20,399

TOTAL REVENUE $8,887,920

Expense Breakdown

Grants Paid $39,000

Salaries & Benefits $2,677,538

Fundraising Expenses $0

Other Expenses $4,266,079

TOTAL EXPENSES $6,982,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,887,920	$7,120,233	+0.2%
Expenses	$6,982,617	$5,567,979	+0.3%
Net Income	$1,905,303	$1,552,254	+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

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

$445,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON REAVIS	CHAIRMAN	1.00	Director	$0	$0	$0
TIM FOLLIS	VICE CHAIRMAN	1.00	Director	$0	$0	$0
TROY NORDMAN	TREASURER	1.00	Director	$0	$0	$0
TAMMY WILSON	SECRETARY	1.00	Director	$0	$0	$0
PAT TERICK	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
JOAN REICHARDT	DIRECTOR	1.00	Director	$0	$0	$0
ROB NICKEL	DIRECTOR	1.00	Director	$0	$0	$0
JAY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIANT LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
JOE CANTU	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BROWN	CEO/PRESIDENT	40.00	Officer	$191,287	$71,121	$262,408
JENNIFER PAZZIE	CFO	40.00	Officer	$120,967	$62,145	$183,112

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	$8,887,920	$6,982,617	$143,075,943	$1,905,303
2022	$7,120,233	$5,567,979	$147,808,188	$1,552,254
2021	$6,640,710	$4,951,046	$141,201,914	$1,689,664
2020	$6,709,939	$5,680,354	$126,108,927	$1,029,585
2019	$7,027,353	$5,571,598	$109,249,455	$1,455,755
2018	$6,643,138	$5,804,217	$106,023,133	$838,921

WHITE EAGLE CREDIT UNION