UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION (EIN 540674170) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

SUSAN GRUBER

Phone

4349642001

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $43.4M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.3M, a strong 17% operating margin.

Mission

THE MISSION OF THE UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION IS TO 1) ENCOURAGE THRIFT AMONG MEMBERSHIP, THUS CREATING A LENDABLE POOL OF FUNDS 2) MAKE MEMBER LOANS AT A REASONABLE RATE OF INTEREST 3) PAY A FAIR RATE OF RETURN ON MEMBER SAVINGS 4) PROVIDE HELPFUL MEMBER FINANCIAL SERVICE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $44,375,771

Investment Income $15,370,400

Other Revenue $8,297,152

TOTAL REVENUE $68,043,323

Expense Breakdown

Grants Paid $37,500

Salaries & Benefits $27,768,931

Fundraising Expenses $0

Other Expenses $31,969,901

TOTAL EXPENSES $59,776,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,043,323	$51,224,047	+0.3%
Expenses	$59,776,332	$45,436,580	+0.3%
Net Income	$8,266,991	$5,787,467	+0.4%

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

325

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

$1,334,324

Total Directors

Key Employees

$1,489,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY C MOSCICKI	CHAIRPERSON	1.00	Director	$0	$0	$0
CYNTHIA MURRAY	BOD MEMBER	1.00	Director	$0	$0	$0
LYNNE RICHMAN BELL	BOD MEMBER	1.00	Director	$0	$0	$0
PAMELA W HIGGINS	V. CHAIRPERSON	1.00	Director	$0	$0	$0
ROB W FREER	BOD SECRETARY	1.00	Director	$0	$0	$0
LISA P HEUCHERT	BOD MEMBER	1.00	Director	$0	$0	$0
MARIE C MELTON	BOD MEMBER	1.00	Director	$0	$0	$0
ROBERT NEIL	BOD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN MCCARTNEY	BOD MEMBER	1.00	Director	$0	$0	$0
KENNETH EADES	BOD TREASURER	1.00	Director	$0	$0	$0
J BARRETT JONES	BOD MEMBER	1.00	Director	$0	$0	$0
PETER HOLMAN	CFO	40.00	Officer	$282,288	$61,761	$344,049
SUSAN GRUBER	CEO/PRESIDENT	40.00	Officer	$675,062	$33,000	$708,062
BELINDA TUCKER	COO	40.00	Officer	$282,213	$0	$282,213
DAVID ESWORTHY	SVP RETAIL	40.00	Key Emp	$206,820	$13,564	$220,384
ETHAN DUNSTAN	SVP BUSINESS BANKING	40.00	Key Emp	$195,517	$37,457	$232,974
GEORGE FISHER	CIO	40.00	Key Emp	$212,977	$54,790	$267,767
BRENDAN MCCORMICK	SVP INTERNAL AUDIT	40.00	Key Emp	$186,493	$43,176	$229,669
BONNIE WILKINS	SVP COMMERCIAL CREDIT	40.00	Key Emp	$171,630	$28,365	$199,995
JOE RAICHEL	CLO	40.00	Key Emp	$286,293	$52,655	$338,948
KAREN SCHEMMEL	BUSINESS ANALYSIS MGR	40.00	Highest	$167,905	$17,227	$185,132
JANINE WILLIAMS	VP CREDIT UNION AFFAIRS	40.00	Highest	$161,145	$40,982	$202,127
JONATHON NEEL	VP TECHNOLOGY	40.00	Highest	$171,521	$41,496	$213,017
SUZANNE HESS	VP ACCOUNTING	40.00	Highest	$180,795	$26,084	$206,879
ANNE LESKO	CHRO	40.00	Highest	$202,260	$45,571	$247,831

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	$68,043,323	$59,776,332	$1,446,557,883	$8,266,991
2022	$51,224,047	$45,436,580	$1,409,418,311	$5,787,467
2021	$46,956,811	$38,843,292	$1,415,250,670	$8,113,519
2020	$44,689,577	$39,972,996	$1,210,620,558	$4,716,581
2019	$47,038,027	$40,239,559	$1,026,121,491	$6,798,468
2018	$43,422,781	$36,155,439	$954,157,214	$7,267,342

UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION