TRUE SKY CREDIT UNION (EIN 730564572) - 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

1946

Legal Domicile

Principal Officer

SEAN CAHILL

Phone

4056821990

Tax Period

2021-01-01 to 2021-12-31

TRUE SKY CREDIT UNION, founded in 1946, is a mid-sized nonprofit that reported $47.3M in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $43.1M left a modest 9% surplus.

Mission

PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,905,533

Investment Income $2,422,835

Other Revenue $10,953,295

TOTAL REVENUE $47,281,663

Expense Breakdown

Grants Paid $39,400

Salaries & Benefits $16,947,829

Fundraising Expenses $0

Other Expenses $26,159,607

TOTAL EXPENSES $43,146,836

Year-over-Year Comparison

	2021	2020	Change
Revenue	$47,281,663	$34,205,550	+0.4%
Expenses	$43,146,836	$32,973,759	+0.3%
Net Income	$4,134,827	$1,231,791	+2.4%

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

205

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

$706,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA R CHILDRESS	DIRECTOR	1.00	Director	$0	$0	$0
JUDY RICHEY	CHAIRPERSON	1.00	Director	$0	$0	$0
TERRY DAVIDSON	TREASURER	1.00	Director	$0	$0	$0
LINDA LINDSEY	SECRETARY	1.00	Director	$0	$0	$0
KEVIN E CARREL	DIRECTOR	1.00	Director	$0	$0	$0
GREG HILL	DIRECTOR	1.00	Director	$0	$0	$0
LANCE MAXWELL	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
SEAN M CAHILL	PRESIDENT/CEO	40.00	Officer	$544,611	$37,188	$581,799
LYLE Y MIYAMURA	CHIEF FINANCIAL OFFICER	40.00	Officer	$120,215	$4,328	$124,543
THOMAS A MICHAUD	VP OF IT	40.00	Highest	$147,601	$12,945	$160,546
TOBY RAGAINI	CHIEF INFORMATION OFFICER	40.00	Highest	$190,421	$26,160	$216,581
JULIE GAMBLIN	CHIEF ADMINISTRATION OFFIC	40.00	Highest	$258,811	$28,311	$287,122
MICHAEL SHOCKLEY	VP OF CONSUMER LENDING	40.00	Highest	$178,642	$18,692	$197,334
CRAIG PAVLICH	CHIEF OPERATIONS OFFICER	40.00	Highest	$152,518	$19,165	$171,683

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
2021	$47,281,663	$43,146,836	$831,301,668	$4,134,827
2020	$34,205,550	$32,973,759	$766,194,191	$1,231,791
2019	$31,459,192	$29,132,616	$645,797,421	$2,326,576
2018	$26,902,591	$25,099,761	$587,534,365	$1,802,830

TRUE SKY CREDIT UNION