TEN CREDIT UNION (EIN 620526770) - 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

1950

Legal Domicile

Principal Officer

RAFAEL RONDON

Phone

6152441910

Tax Period

2024-01-01 to 2024-12-31

TEN CREDIT UNION, founded in 1950, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $22.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $21.9M left a modest 5% surplus.

Mission

TO PROVIDE SERVICES TO ITS MEMBERS INCLUDING LOAN, CHECKING AND SAVING 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,641,933

Investment Income $6,244,791

Other Revenue $0

TOTAL REVENUE $22,886,724

Expense Breakdown

Grants Paid $69,698

Salaries & Benefits $7,867,776

Fundraising Expenses $0

Other Expenses $13,914,035

TOTAL EXPENSES $21,851,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,886,724	$19,477,558	+0.2%
Expenses	$21,851,509	$19,244,298	+0.1%
Net Income	$1,035,215	$233,260	+3.4%

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

137

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

$724,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HENSON	CHAIRPERSON	3.00	Director	$0	$0	$0
CHRISTINA ADKISON	VICE CHAIRPERSON	3.00	Director	$0	$0	$0
DOROTHY GUNN	SECRETARY	3.00	Director	$0	$0	$0
ROBERT NELSON	TREASURER	3.00	Director	$0	$0	$0
SCOTT MELTZER	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT CHURCHWELL	DIRECTOR	3.00	Director	$0	$0	$0
NEAL SMITH	DIRECTOR	3.00	Director	$0	$0	$0
ALICIA FRIERSON	SUPERVISORY COMMITTEE	2.00	Director	$0	$0	$0
ADAM SALVADOR	SUPERVISORY COMMITTEE	2.00	Director	$0	$0	$0
RAFAEL RONDON	CEO	45.00	Officer	$367,992	$45,468	$413,460
ANDRES LLANOS	CFO	45.00	Officer	$273,729	$37,394	$311,123
MICHAEL ROUSSEL	CTMO	45.00	Highest	$177,500	$20,266	$197,766
MARIA EDWARDS	COO	45.00	Highest	$156,058	$24,118	$180,176
THOMAS G'FELLERS	CLO	45.00	Highest	$150,660	$34,389	$185,049
KUSSILLA KHEMRAJ	CCO	45.00	Highest	$156,193	$4,732	$160,925
FLAVIS BURROUGHS	VP REAL ESTATE LENDING	45.00	Highest	$162,336	$10,548	$172,884

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	$22,886,724	$21,851,509	$403,502,042	$1,035,215
2023	$19,477,558	$19,244,298	$430,778,750	$233,260
2022	$14,793,248	$15,212,498	$407,626,939	$-419,250
2021	$12,031,552	$12,127,904	$408,777,901	$-96,352
2020	$12,277,095	$13,224,045	$374,950,219	$-946,950
2019	$14,109,022	$12,706,215	$317,012,353	$1,402,807
2018	$13,693,012	$11,635,850	$314,996,959	$2,057,162

TEN CREDIT UNION