ADDITION FINANCIAL CREDIT UNION (EIN 590678236) - 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

1937

Legal Domicile

Principal Officer

KEVIN MILLER

Tax Period

2023-01-01 to 2023-12-31

ADDITION FINANCIAL CREDIT UNION, founded in 1937, is a major nonprofit in the Public & Societal Benefit sector that reported $170.5M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $164.2M left a modest 4% surplus.

Mission

ADDITION FINANCIAL CREDIT UNION IS COMMITTED TO HELPING MEMBERS ACHIEVE THEIR MONEY MANAGEMENT GOALS

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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 $118,782,767

Investment Income $16,040,839

Other Revenue $35,687,579

TOTAL REVENUE $170,511,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,080,045

Fundraising Expenses $0

Program Expenses $164,238,136

Other Expenses $118,158,091

TOTAL EXPENSES $164,238,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,511,185	$126,516,804	+0.3%
Expenses	$164,238,136	$103,558,609	+0.6%
Net Income	$6,273,049	$22,958,195	-0.7%

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

763

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

$3,613,048

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MILLER	PRESIDENT & CEO	50.00	Officer	$907,166	$49,060	$956,226
KEVIN J DOUGHERTY	COO	50.00	Officer	$535,130	$27,262	$562,392
SAMUEL M NELSON	CAOGENERAL COUNSEL	50.00	Officer	$448,749	$38,316	$487,065
KEVIN S WRIGHT	CIO	50.00	Officer	$448,496	$32,355	$480,851
QING LU	CFO	50.00	Officer	$426,543	$24,714	$451,257
MIRIAM MITCHELL	CHIEF LENDING OFFICER	50.00	Officer	$360,606	$36,426	$397,032
NORA RODRIGUEZ-PATTERSON	CCO	50.00	Officer	$253,090	$25,135	$278,225
SHIRLEY A SHOEMAKER	SVP OPERATIONS	50.00	Highest	$242,197	$20,910	$263,107
JOSEPH A MACLAREN	GENERAL COUNSEL	50.00	Highest	$221,242	$31,406	$252,648
ROBERT J KINDERMANN	SVP HUMAN RES	50.00	Highest	$222,544	$9,415	$231,959
MATTHEW J WALSH	VP IT	50.00	Highest	$178,428	$28,295	$206,723
ALEX DEJESUS	SR VP MEMBER SERVICES	50.00	Highest	$180,086	$9,179	$189,265
RONALD PERSON	DIRECTOR	10.00	Director	$0	$0	$0
DALE C KELLY	1ST VICE CHAIR	10.00	Director	$0	$0	$0
GABY ORTIGONI	DIRECTOR	10.00	Director	$0	$0	$0
NAVAL MODANI	TREASURER	10.00	Director	$0	$0	$0
JANET E BUSH	2ND VICE CHAIR	10.00	Director	$0	$0	$0
RICHARD L COLLINS	CHAIR	10.00	Director	$0	$0	$0
MARY LYNN WILLIAMS	SECRETARY	10.00	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	No data	No data	No data	No data
2023	$170,511,185	$164,238,136	$2,912,144,631	$6,273,049
2022	$126,516,804	$103,558,609	$2,764,171,874	$22,958,195
2021	$109,978,421	$84,350,076	$2,609,326,648	$25,628,345
2021	$109,978,421	$84,350,076	$2,609,326,648	$25,628,345

ADDITION FINANCIAL CREDIT UNION