iTHINK Financial Credit Union (EIN 591286880) - 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

1969

Legal Domicile

Phone

5619824700

Tax Period

2023-01-01 to 2023-12-31

iTHINK Financial Credit Union, founded in 1969, is a major nonprofit in the Public & Societal Benefit sector that reported $109.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $96.2M left a modest 12% surplus.

Mission

TO DELIVER SERVICE EXCELLENCE TO THE MEMBERSHIP AND THE COMMUNITIES WE SERVE WHILE ENSURING THE SAFETY AND SOUNDNESS OF THE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $98,497,668

Investment Income $10,855,923

Other Revenue $0

TOTAL REVENUE $109,353,591

Expense Breakdown

Grants Paid $74,826

Salaries & Benefits $36,388,405

Fundraising Expenses $0

Program Expenses $0

Other Expenses $59,760,761

TOTAL EXPENSES $96,223,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,353,591	$86,426,438	+0.3%
Expenses	$96,223,992	$67,193,462	+0.4%
Net Income	$13,129,599	$19,232,976	-0.3%

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

457

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

$2,783,300

Total Directors

$45,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR	1.0	Director	$1,054	$0	$1,054
N/A	DIRECTOR	1.0	Director	$6,062	$0	$6,062
N/A	DIRECTOR	1.0	Director	$8,076	$0	$8,076
N/A	VICE CHAIRPERSON	1.0	Director	$10,408	$0	$10,408
N/A	DIRECTOR	1.0	Director	$5,801	$0	$5,801
N/A	CHAIRPERSON	1.0	Director	$6,837	$0	$6,837
N/A	DIRECTOR	1.0	Director	$6,021	$0	$6,021
N/A	SECRETARY	1.0	Director	$904	$0	$904
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CTO	40.0	Officer	$309,559	$31,461	$341,020
N/A	CFO	40.0	Officer	$359,734	$85,025	$444,759
N/A	CLO	40.0	Officer	$352,812	$68,380	$421,192
N/A	PRESIDENT/CEO	40.0	Officer	$1,065,017	$144,109	$1,209,126
N/A	CRO	40.0	Officer	$318,797	$48,406	$367,203
N/A	AVP OF COMMERCIAL LENDING	40.0	Highest	$187,644	$35,927	$223,571
N/A	SBA and Commercial Sales Manager	40.0	Highest	$255,478	$29,131	$284,609
N/A	AVP OF RISK MANAGEMENT	40.0	Highest	$179,830	$37,608	$217,438
N/A	DIRECTOR OF FINANCE	40.0	Highest	$168,328	$22,021	$190,349
N/A	AVP ADMINISTRATION & MARKETING	40.0	Highest	$172,090	$36,999	$209,089

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	$109,353,591	$96,223,992	$2,185,778,208	$13,129,599
2022	$86,426,438	$67,193,462	$2,178,700,861	$19,232,976
2021	$78,735,447	$61,171,316	$1,871,522,123	$17,564,131
2020	$83,061,032	$71,355,061	$1,712,161,633	$11,705,971
2018	$60,890,654	$50,168,360	$1,132,677,018	$10,722,294

iTHINK Financial Credit Union