AVADIAN CREDIT UNION (EIN 630207315) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

JEREMY MALONE

Phone

2059852836

Tax Period

2024-01-01 to 2024-12-31

AVADIAN CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $45.5M in total revenue in fiscal year 2018. The organization ran a surplus of $7.1M, a strong 16% operating margin.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,166,191

Investment Income $7,873,412

Other Revenue $18,923,709

TOTAL REVENUE $89,963,312

Expense Breakdown

Grants Paid $66,500

Salaries & Benefits $26,419,399

Fundraising Expenses $0

Other Expenses $58,782,757

TOTAL EXPENSES $85,268,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,963,312	$76,914,615	+0.2%
Expenses	$85,268,656	$69,931,799	+0.2%
Net Income	$4,694,656	$6,982,816	-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

340

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

$2,725,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY DAVIS	CHAIRMAN	1.00	Director	$0	$0	$0
BRENDA WELBORN	VICE CHAIRMAN	1.00	Director	$0	$0	$0
DEBORAH GIVEN	TREASURER	1.00	Director	$0	$0	$0
LINDA RUETHEMANN	SECRETARY	1.00	Director	$0	$0	$0
BILL HILYER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY KILLEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MILLING	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCGRAW	DIRECTOR	1.00	Director	$0	$0	$0
REGGIE JURAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA CENCULA	CEO	48.00	Officer	$481,269	$26,286	$507,555
JEREMY MALONE	PRESIDENT/CHIEF EXECUTIVE OFFICER	48.00	Officer	$190,515	$20,734	$211,249
WILLIAM R CHANCELLOR	CHIEF LENDING OFFICER	48.00	Officer	$250,510	$82,421	$332,931
ADRIENNE BRECKENRIDGE	CHIEF FINANCIAL OFFICER	48.00	Officer	$248,703	$38,875	$287,578
PARKER STEELE	CHIEF LEGAL & COMPLIANCE O	48.00	Officer	$245,630	$39,643	$285,273
ERIC HAM	CHIEF INFORMATION OFFICER	48.00	Officer	$243,913	$35,139	$279,052
GAYLA KUYKENDALL	SR VICE PRESIDENT OPERATIO	48.00	Officer	$208,866	$138,595	$347,461
DONNAMARIE TYLER	SENIOR VP OF DEPOSITS AND	48.00	Officer	$218,575	$12,348	$230,923
JEFFREY SKIPPER	SENIOR VP OF MARKETING & D	48.00	Officer	$207,523	$35,693	$243,216
JAMES DISMUKES	AFS PROGRAM MANAGER	48.00	Highest	$318,939	$39,931	$358,870
BRANDON WATKINS	VP CARD SERVICES AND PAYME	48.00	Highest	$188,905	$10,943	$199,848
STEVEN THRASHER	ASSISTANT VP MORTGAGE LEND	48.00	Highest	$211,516	$27,740	$239,256
RANDALL PHILLIPS	VP COMMERCIAL CREDIT	48.00	Highest	$174,623	$33,777	$208,400
LARRY UPTAIN	COMMERCIAL LOAN MANAGER	48.00	Highest	$178,331	$17,288	$195,619

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	$89,963,312	$85,268,656	$1,391,962,865	$4,694,656
2023	$76,914,615	$69,931,799	$1,352,204,641	$6,982,816
2022	$56,357,889	$49,571,185	$1,250,063,338	$6,786,704
2021	$50,956,352	$43,481,121	$1,107,599,442	$7,475,231
2020	$51,125,646	$47,611,005	$1,031,231,296	$3,514,641
2019	$48,838,263	$44,033,470	$864,803,155	$4,804,793
2018	$45,493,826	$38,394,895	$785,422,344	$7,098,931

AVADIAN CREDIT UNION