DESTINATIONS CREDIT UNION (EIN 520238203) - 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

BRIAN VITTEK

Phone

4106632500

Tax Period

2024-01-01 to 2024-12-31

DESTINATIONS CREDIT UNION, founded in 1935, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $63.2M represent 200 months of operating reserves.

Mission

STATE CHARTERED CREDIT UNION

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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 $3,107,872

Investment Income $678,229

Other Revenue $0

TOTAL REVENUE $3,786,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,471,445

Fundraising Expenses $0

Program Expenses $3,705,543

Other Expenses $2,234,099

TOTAL EXPENSES $3,705,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,786,101	$3,397,067	+0.1%
Expenses	$3,705,544	$3,460,007	+0.1%
Net Income	$80,557	$-62,940	-2.3%

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

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

$528,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN VITTEK	President & CEO	40.00	Officer	$167,457	$38,470	$205,927
WALTER SCIOLLI	CSO	40.00	Officer	$119,344	$646	$119,990
CHRISTINA KAILER	CFO	40.00	Officer	$98,233	$3,709	$101,942
KRISTAL MAYNARD	VP BRANCH OPS	40.00	Officer	$90,661	$10,058	$100,719
GEORGE HAMILTON JR	VICE CHAIRMAN	2.00	Director	$0	$0	$0
JOAN MONTGOMERY	Secretary/Treas	2.00	Director	$0	$0	$0
WILLIAM LOVELACE	Director	2.00	Director	$0	$0	$0
SHERWOOD RAMSEY	Director	2.00	Director	$0	$0	$0
LORENZ BIRKENBACH	Director	2.00	Director	$0	$0	$0
JOHN SMOLENSKI	Director	2.00	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	$3,786,101	$3,705,544	$63,532,666	$80,557
2023	$3,397,067	$3,460,007	$64,767,949	$-62,940
2022	$3,175,657	$3,222,458	$67,163,860	$-46,801
2021	$3,241,703	$3,217,852	$69,990,367	$23,851
2020	$3,413,500	$3,456,894	$66,152,571	$-43,394
2019	$3,787,715	$3,522,799	$58,566,672	$264,916
2018	$3,621,086	$3,202,866	$59,415,470	$418,220

DESTINATIONS CREDIT UNION