RADIANT CREDIT UNION

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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

2021

Legal Domicile

Principal Officer

THOMAS BARNARD

Phone

3864621180

Tax Period

2023-01-01 to 2023-12-31

RADIANT CREDIT UNION, founded in 2021, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $49.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $47.0M left a modest 6% surplus.

Mission

WE WILL DELIVER A TIMELY, ATTENTIVE, PERSONALIZED EXPERIENCE THAT LEAVES OUR MEMBERS FEELING VALUED!

Program Service Accomplishments

Program 1

WE'RE A CREDIT UNION, A NOT-FOR-PROFIT FINANCIAL INSTITUTION PROUDLY SERVING OUR COMMUNITY AND MEMBERS SINCE 1957. WITH ALL THE CHOICES OUT THERE, WHY PICK RADIANT CREDIT UNION? YOU OWN US. OUR...

WE'RE A CREDIT UNION, A NOT-FOR-PROFIT FINANCIAL INSTITUTION PROUDLY SERVING OUR COMMUNITY AND MEMBERS SINCE 1957. WITH ALL THE CHOICES OUT THERE, WHY PICK RADIANT CREDIT UNION? YOU OWN US. OUR MEMBERS AREN'T JUST CUSTOMERS, THEY'RE OWNERS. THIS MEANS WHEN YOU JOIN RADIANT CREDIT UNION, YOU GET A VOICE IN HOW WE DO BUSINESS. AS A NOT-FOR-PROFIT COOPERATIVE, WE RETURN OUR PROFITS TO OUR MEMBER-OWNERS IN THE FORM OF BETTER RATES, LOWER FEES, A HIGHER RETURN ON DEPOSITS, AND PERSONALIZED SERVICE.

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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 $33,414,486

Investment Income $5,041,239

Other Revenue $11,370,349

TOTAL REVENUE $49,826,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,511,502

Fundraising Expenses $0

Other Expenses $31,534,077

TOTAL EXPENSES $47,045,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,826,074	$40,380,300	+0.2%
Expenses	$47,045,579	$34,980,000	+0.3%
Net Income	$2,780,495	$5,400,300	-0.5%

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

215

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

$1,771,343

Total Directors

$20,302

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN DECOURSEY	CHAIRMAN	1.00	Officer Director	$1,607	$0	$1,607
CHAD KING	VICE CHAIRMAN	1.00	Officer Director	$2,466	$0	$2,466
CYNTHIA S BROCHU	TREASURER	1.00	Officer Director	$1,200	$0	$1,200
JANE TAYLOR	SECRETARY	1.00	Officer Director	$1,512	$0	$1,512
PATRICK FITZGERALD	DIRECTOR UNTIL 2/2023	1.00	Director	$1,610	$0	$1,610
CHARLES GEIGER SR	DIRECTOR	1.00	Director	$3,472	$0	$3,472
DAVID NICHOLSON	DIRECTOR	1.00	Director	$3,391	$0	$3,391
SHARON PAPCIAK	DIRECTOR	1.00	Director	$3,482	$0	$3,482
JOHN POWER	DIRECTOR	1.00	Director	$1,562	$0	$1,562
APRIL SAVARESE	DIRECTOR AS OF 2/2023	1.00	Director	$0	$0	$0
THOMAS BARNARD	PRESIDENT/CEO	40.00	Officer	$494,444	$37,258	$531,702
KELLY CHESSER	COO	40.00	Officer	$231,699	$29,195	$260,894
BRANDON LOVE	CTO	40.00	Officer	$216,861	$26,868	$243,729
MATTHEW BRADDY	CLO	40.00	Officer	$213,478	$28,413	$241,891
TREY PRESNELL	CFO	40.00	Officer	$219,264	$28,243	$247,507
ANDREW CUOMO	CPO	40.00	Officer	$210,592	$28,243	$238,835
ALBERT STRICKLAND	VP OF MARKETING	40.00	Highest	$158,726	$27,600	$186,326
TANNIA WEAVER	VP OF RISK/COMPLIANCE	40.00	Highest	$151,459	$14,816	$166,275
JOSH EMERSON	VP OF CREDIT	40.00	Highest	$145,577	$20,096	$165,673
KIMBERLY MAXWELL	VP OF OPERATIONS	40.00	Highest	$127,502	$25,038	$152,540
ERIC WHISLER	CONTACT CENTER DIRECTOR	40.00	Highest	$123,004	$13,574	$136,578

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	$49,826,074	$47,045,579	$803,487,053	$2,780,495
2022	$40,380,300	$34,980,000	$749,270,618	$5,400,300
2021	$32,731,636	$27,893,079	$703,310,605	$4,838,557