SKYWARD CREDIT UNION (EIN 486107341) - 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

1941

Legal Domicile

Principal Officer

KEVIN WILMOTH

Phone

3164409690

Tax Period

2023-01-01 to 2023-12-31

SKYWARD CREDIT UNION, founded in 1941, is a mid-sized nonprofit that reported $18.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PROVIDE COOPERATIVE FINANCIAL SERVICES TO MEMBERS

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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 $13,787,142

Investment Income $4,615,948

Other Revenue $46,649

TOTAL REVENUE $18,449,739

Expense Breakdown

Grants Paid $42,000

Salaries & Benefits $4,836,031

Fundraising Expenses $0

Other Expenses $14,345,347

TOTAL EXPENSES $19,223,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,449,739	$15,562,751	+0.2%
Expenses	$19,223,378	$14,397,656	+0.3%
Net Income	$-773,639	$1,165,095	-1.7%

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

$505,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY DIXON	CHAIRPERSON	2.00	Director	$0	$0	$0
ROY AYCOCK	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
KIMBERLY ANDERSON	SECRETARY / TREASURER	2.00	Director	$0	$0	$0
DARRELL ELKINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP CHRONISTER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD ROCKEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TYLER VREDEVOOGD	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN WILMOTH	PRESIDENT / CEO	45.00	Officer	$240,211	$66,644	$306,855
DEAN GREG PETER	CFO	45.00	Officer	$148,390	$50,498	$198,888

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	$18,449,739	$19,223,378	$397,676,278	$-773,639
2022	$15,562,751	$14,397,656	$389,740,137	$1,165,095
2021	$15,036,690	$13,343,832	$416,562,947	$1,692,858
2020	$14,738,047	$13,443,093	$388,300,250	$1,294,954
2019	$14,651,425	$12,171,960	$343,415,289	$2,479,465
2018	$13,397,719	$10,626,502	$284,043,180	$2,771,217

SKYWARD CREDIT UNION