DOMINION ENERGY CREDIT UNION (EIN 546039972) - 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

1940

Legal Domicile

Principal Officer

AFUA P ESSANDOH

Phone

8045212525

Tax Period

2024-01-01 to 2024-12-31

DOMINION ENERGY CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 21% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES TO IMPROVE THE FINANCIAL WELL-BEING OF THE CREDIT UNION MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,168,235

Investment Income $3,098,741

Other Revenue $0

TOTAL REVENUE $15,266,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,649,141

TOTAL EXPENSES $14,649,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,266,976	$14,364,538	+0.1%
Expenses	$14,649,141	$14,517,079	+0.0%
Net Income	$617,835	$-152,541	-5.1%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AFUA ESSANDOAH	PRESIDENT/CEO	50.00	Officer Director	$0	$0	$0
EDWARD BAINE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH WINDLE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE WOOTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICIA HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
UTIBE BASSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS ARRUDA	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS GRIFFIN	BOARD MEMBER	1.00	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	$15,266,976	$14,649,141	$344,230,766	$617,835
2023	$14,364,538	$14,517,079	$360,605,194	$-152,541
2022	$12,771,973	$10,246,002	$386,694,325	$2,525,971
2021	$12,150,573	$9,875,120	$394,897,514	$2,275,453
2020	$12,718,226	$10,636,462	$367,431,612	$2,081,764
2019	$13,039,802	$11,118,880	$301,300,604	$1,920,922
2018	$12,064,521	$9,488,859	$300,134,785	$2,575,662

DOMINION ENERGY CREDIT UNION