PELICAN STATE CREDIT UNION (EIN 720498240) - 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

1956

Legal Domicile

Principal Officer

JEFFREY CONRAD

Phone

2254086100

Tax Period

2024-01-01 to 2024-12-31

PELICAN STATE CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $88.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE LIVES OF OUR MEMBERS THROUGH SAFE, COMPETITIVE PRODUCTS AND EDUCATIONAL 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 $85,340,746

Investment Income $3,110,756

Other Revenue $0

TOTAL REVENUE $88,451,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,735,640

Fundraising Expenses $0

Other Expenses $57,458,596

TOTAL EXPENSES $88,194,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,451,502	$78,349,133	+0.1%
Expenses	$88,194,236	$75,013,365	+0.2%
Net Income	$257,266	$3,335,768	-0.9%

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

400

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

$1,803,054

Total Directors

$95,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANELLE FOLSE	BOARD CHAIR	1.00	Director	$10,800	$0	$10,800
DAVID GILL	BOARD VICE CHAIR	1.00	Director	$8,250	$0	$8,250
LINDA LOCHBRUNNER	BOARD TREASURER	1.00	Director	$10,200	$0	$10,200
SHANNON THORN	BOARD DIRECTOR	1.00	Director	$8,250	$0	$8,250
GARY CROCKETT	BOARD DIRECTOR	1.00	Director	$9,000	$0	$9,000
TAWANA CARMOUCHE	BOARD DIRECTOR	1.00	Director	$9,000	$0	$9,000
DAVID COLVIN	BOARD DIRECTOR	1.00	Director	$9,000	$0	$9,000
WILLIAM MULLINNIX	BOARD DIRECTOR	1.00	Director	$9,000	$0	$9,000
SAMUEL MCDANIEL	BOARD DIRECTOR	1.00	Director	$9,000	$0	$9,000
JONATHAN PHILLIPS	SUPERVISORY COMMITTEE CHAIR	1.00	Director	$4,500	$0	$4,500
BRAD COLWELL	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$4,000	$0	$4,000
COLANDRA PAIGE SMITH	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$4,000	$0	$4,000
JEFFREY CONRAD	CEO & PRESIDENT	40.00	Officer	$658,590	$62,927	$721,517
MELISSA OTT	EVP/CFO	40.00	Officer	$389,582	$66,298	$455,880
ANNETTE THAMES	CMEO	40.00	Officer	$584,713	$40,944	$625,657
KATHLEEN FORD	SVP HUMAN RESOURCES	40.00	Highest	$202,294	$54,480	$256,774
BENJAMIN MANRY	SVP LENDING & MEMBER SOLUTIONS	40.00	Highest	$249,028	$48,588	$297,616
CHARLES MORGAN	SVP INFORMATION TECHNOLOGY	40.00	Highest	$264,198	$50,155	$314,353
LEIGH PORTA	CGO	40.00	Highest	$239,776	$34,042	$273,818
LINDSEY RICHARD	VP PROJECTS, OPERATIONS & RISK	40.00	Highest	$217,205	$46,222	$263,427

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	$88,451,502	$88,194,236	$722,570,800	$257,266
2023	$78,349,133	$75,013,365	$668,169,033	$3,335,768
2022	$67,147,116	$59,456,274	$677,127,700	$7,690,842
2021	$59,950,337	$49,771,220	$599,377,066	$10,179,117
2020	$55,233,073	$47,429,751	$527,923,352	$7,803,322
2019	$48,572,194	$44,546,992	$396,477,801	$4,025,202
2018	$45,140,417	$40,311,510	$367,266,283	$4,828,907

PELICAN STATE CREDIT UNION