FIRSTMARK CREDIT UNION (EIN 740879805) - 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

1932

Legal Domicile

Principal Officer

GREGG THORNE

Phone

2103428484

Tax Period

2023-01-01 to 2023-12-31

FIRSTMARK CREDIT UNION, founded in 1932, is a mid-sized nonprofit that reported $75.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $72.7M left a modest 3% surplus.

Mission

TO HELP PEOPLE TO BETTER THEIR LIVES AND BUSINESSES.

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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 $51,330,963

Investment Income $23,729,101

Other Revenue $0

TOTAL REVENUE $75,060,064

Expense Breakdown

Grants Paid $86,985

Salaries & Benefits $22,965,102

Fundraising Expenses $0

Other Expenses $49,646,719

TOTAL EXPENSES $72,698,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,060,064	$60,165,832	+0.2%
Expenses	$72,698,806	$54,389,298	+0.3%
Net Income	$2,361,258	$5,776,534	-0.6%

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

306

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

$1,731,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD PINSON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MATTHEW RALPH	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KYLE FRIESENHAHN	SECRETARY	5.00	Director	$0	$0	$0
RODOLFO PENA	TREASURER	5.00	Officer Director	$0	$0	$0
IGNACIO OROZCO JR	DIRECTOR	5.00	Officer Director	$0	$0	$0
CLARE COLEMAN	DIRECTOR	5.00	Director	$0	$0	$0
DONALD JONES JR	DIRECTOR	5.00	Director	$0	$0	$0
ERICKA OLIVAREZ	ADVISORY DIR	5.00	Director	$0	$0	$0
LLOYD VERSTUYFT	ADVISORY DIR	5.00	Director	$0	$0	$0
REDELL ERVIN	FMR DIRECTOR	5.00	Director	$0	$0	$0
BRIAN GOTTARDY	FMR ADV DIRE	5.00	Director	$0	$0	$0
NATHANAEL TARWASOKONO	PRESIDENT/CE	45.00	Officer	$500,578	$27,948	$528,526
GREGG THORNE	CAO	45.00	Officer	$288,881	$26,130	$315,011
MICHAEL GRUNDON	CFO	45.00	Officer	$346,426	$23,914	$370,340
RICHARD DANNY SMITH	CHIEF EXP OF	45.00	Officer	$215,208	$22,589	$237,797
LAURA WARD	CRO	45.00	Officer	$202,164	$20,583	$222,747
MARY LEONARDI	CPO	45.00	Officer	$51,686	$5,336	$57,022
VERONICA TERAN	VP OF ACCOUN	45.00	Highest	$169,023	$18,480	$187,503
RICK NELSON	VP OF BUS PA	45.00	Highest	$168,699	$18,271	$186,970
ANDREW DENOCOUR	VP PRODUCT D	45.00	Highest	$160,237	$18,560	$178,797
DAVID PUENTE	DIRECTOR MTG	45.00	Highest	$142,073	$17,569	$159,642
MARK LEITA	VP COMP & LE	45.00	Highest	$146,843	$17,132	$163,975

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	$75,060,064	$72,698,806	$1,199,200,708	$2,361,258
2022	$60,165,832	$54,389,298	$1,229,028,062	$5,776,534
2021	$50,715,745	$45,999,215	$1,229,967,544	$4,716,530
2020	$52,462,441	$52,564,459	$1,157,640,122	$-102,018
2019	$59,445,918	$51,413,718	$1,020,010,997	$8,032,200
2018	$59,480,201	$52,265,956	$1,025,180,631	$7,214,245

FIRSTMARK CREDIT UNION