LEADERS 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

1957

Legal Domicile

Principal Officer

TODD SWIMS

Phone

7316641784

Tax Period

2023-01-01 to 2023-12-31

LEADERS CREDIT UNION, founded in 1957, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $75.4M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 20% operating margin.

Mission

STATE CHARTERED CREDIT UNION THAT PROVIDES FINANCIAL SERVICES TO MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS, AND OTHER FINANCIAL INSTITUTIONAL SERVICES.

Program Service Accomplishments

Program 1

PROVISION OF FINANCIAL SERVICES TO MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS, AND OTHER FINANCIAL INSTITUTIONAL SERVICES (74,455 MEMBERS).

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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 $47,823,510

Investment Income $2,426,685

Other Revenue $25,104,268

TOTAL REVENUE $75,354,463

Expense Breakdown

Grants Paid $250,200

Salaries & Benefits $18,563,340

Fundraising Expenses $0

Other Expenses $41,644,505

TOTAL EXPENSES $60,458,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,354,463	$54,522,507	+0.4%
Expenses	$60,458,045	$41,532,904	+0.5%
Net Income	$14,896,418	$12,989,603	+0.1%

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

227

Volunteers

N/A

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

$1,703,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD SWIMS	MANAGER/CEO	40.00	Officer	$843,895	$56,176	$900,071
SPENCER PRATT	EXECUTIVE VP	40.00	Officer	$344,626	$68,008	$412,634
SETH RUDD	CFO	40.00	Officer	$323,532	$67,011	$390,543
RYAN PLATT	CIO	40.00	Highest	$246,289	$55,424	$301,713
CHRIS GRAY	VP MORTGAGE	40.00	Highest	$241,847	$25,837	$267,684
KEVIN SMITH	VP INVESTMEN	40.00	Highest	$223,792	$27,299	$251,091
LEIGH ANNE BENTLEY	VP MARKETING	40.00	Highest	$200,576	$42,722	$243,298
JOEL WYATT	CHIEF LENDIN	40.00	Highest	$195,243	$47,770	$243,013
DAVE BRATCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSTY BUTCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICKY CATLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
EDDIE HAYS	BOARD MEMBER	2.00	Director	$0	$0	$0
CURRIE HIGGS	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLYN HILL	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE KELLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRK NEWCOM	BOARD MEMBER	2.00	Director	$0	$0	$0
BART TEAGUE	BOARD MEMBER	2.00	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	$75,354,463	$60,458,045	$988,714,205	$14,896,418
2022	$54,522,507	$41,532,904	$872,463,960	$12,989,603
2021	$47,507,703	$34,969,738	$642,989,895	$12,537,965
2020	$41,046,315	$32,607,133	$530,250,449	$8,439,182
2019	$34,601,569	$29,393,124	$441,961,763	$5,208,445
2018	$29,491,608	$24,700,323	$389,102,601	$4,791,285