Park Community Credit Union Inc

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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

2013

Legal Domicile

Phone

5028156014

Tax Period

2020-01-01 to 2020-12-31

Park Community Credit Union Inc, founded in 2013, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $53.0M in total revenue in fiscal year 2020. Expenses of $50.9M left a modest 4% surplus.

Mission

Program Service Accomplishments

Program 1

PARK COMMUNITY CREDIT UNION (THE "CREDIT UNION" OR "PARK") IS A STATE CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR, ITS MEMBERS. THE CREDIT UNION PROVIDES MORTGAGE, VEHICLE AND OTHER CONSUMER LOANS TO ITS MEMBERSHIP. THE CREDIT UNION ALSO OFFERS A VARIETY OF ACCOUNTS FOR MEMBERS TO TRANSACT AND SAVE, INCLUDING SHARE AND SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES. AS A MEMBER-OWNED ORGANIZATION, THE CREDIT UNION STRIVES TO PROVIDE COMPETIVE INTEREST AND DIVIDEND RATES TO ITS MEMBERSHIP AND CONVENIENCE WAYS FOR MEMBERS TO THEIR ACCOUNTS, INCLUDING ONLINE AND MOBILE BANKING AND SHARED BRANCHING SERVICES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $51,516,057

Investment Income $1,497,977

Other Revenue $0

TOTAL REVENUE $53,014,034

Expense Breakdown

Grants Paid $30,464

Salaries & Benefits $20,202,723

Fundraising Expenses $0

Program Expenses $0

Other Expenses $30,652,259

TOTAL EXPENSES $50,885,446

Year-over-Year Comparison

	2020	2019	Change
Revenue	$53,014,034	$55,059,990	0.0%
Expenses	$50,885,446	$50,262,803	+0.0%
Net Income	$2,128,588	$4,797,187	-0.6%

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

282

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

$2,433,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	First Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	2nd Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	VP of Marketing	40.0	Officer	$140,302	$11,463	$151,765
N/A	Chief Financial Officer (CFO)	40.0	Officer	$212,211	$8,020	$220,231
N/A	VP of Retail Operations	40.0	Officer	$134,394	$11,404	$145,798
N/A	Executive Vice President	40.0	Officer	$298,179	$28,452	$326,631
N/A	SVP of Information Technology	40.0	Officer	$112,334	$6,799	$119,133
N/A	President/CEO	40.0	Officer	$476,265	$-61,527	$414,738
N/A	Chief Information Officer (CIO)	40.0	Officer	$100,164	$1,211	$101,375
N/A	VP of Support Operations	40.0	Officer	$113,496	$3,922	$117,418
N/A	VP of Lending	40.0	Officer	$152,108	$4,520	$156,628
N/A	Chief Operations Officer	40.0	Officer	$202,137	$29,019	$231,156
N/A	VP OF FINANCE	40.0	Officer	$143,114	$13,903	$157,017
N/A	VP of Community Development	40.0	Officer	$104,806	$2,060	$106,866
N/A	Chief Human Resources Officer	40.0	Officer	$169,624	$14,825	$184,449
N/A	Mortgage Sales Manager	40.0	Highest	$165,850	$13,469	$179,319
N/A	Real Estate Loan Originator	40.0	Highest	$176,609	$12,423	$189,032
N/A	General Counsel	40.0	Highest	$156,044	$19,542	$175,586
N/A	Director of Philanthropy and Corporate Relations	40.0	Highest	$130,855	$10,169	$141,024
N/A	Regional Manager of Commercial Lending	40.0	Highest	$153,326	$12,302	$165,628

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
2020	$53,014,034	$50,885,446	$1,121,794,262	$2,128,588
2019	$55,059,990	$50,262,803	$975,232,326	$4,797,187
2018	$50,419,865	$44,203,736	$907,640,054	$6,216,129