EDUCATORS CREDIT UNION (EIN 741129327) - 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

1938

Legal Domicile

Principal Officer

WILLIAM PALASOTA

Phone

2547767900

Tax Period

2024-01-01 to 2024-12-31

EDUCATORS CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.9M, a strong 41% operating margin.

Mission

TO PROVIDE REASONABLY PRICED FINANCIAL SERVICES TO THE MEMBERS OF THE ORGANIZATION.

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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 $2,084,054

Investment Income $22,421,068

Other Revenue $19,434

TOTAL REVENUE $24,524,556

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $4,684,484

Fundraising Expenses $0

Other Expenses $9,881,277

TOTAL EXPENSES $14,577,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,524,556	$21,701,233	+0.1%
Expenses	$14,577,761	$12,428,857	+0.2%
Net Income	$9,946,795	$9,272,376	+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

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

$565,647

Total Directors

Key Employees

$649,766

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL POLLARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CONNIE WEDEMEYER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
HAZEL ROWE	SECRETARY	1.00	Officer Director	$0	$0	$0
AIMEE SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
STAN MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO OCHOA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PALASOTA	PRESIDENT	40.00	Officer	$494,549	$71,098	$565,647
SHARON SCHROEDER	V.P. ACCOUNTING	40.00	Key Emp	$393,565	$58,627	$452,192
MONICA KRENEK	V.P. LENDING	40.00	Key Emp	$165,852	$31,722	$197,574
RYAN GONZALES	IT DIRECTOR	40.00	Highest	$185,420	$34,178	$219,598
RACHEL E KUEHL	MARKETING DIRECTOR	40.00	Highest	$143,476	$28,908	$172,384

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	$24,524,556	$14,577,761	$549,328,667	$9,946,795
2023	$21,701,233	$12,428,857	$547,594,494	$9,272,376
2022	$14,604,226	$8,559,807	$537,751,416	$6,044,419
2021	$11,564,364	$8,347,515	$523,380,753	$3,216,849
2020	$13,003,577	$9,717,042	$466,926,206	$3,286,535
2019	$13,980,900	$9,508,637	$415,310,486	$4,472,263
2018	$12,675,304	$8,511,319	$406,585,412	$4,163,985

EDUCATORS CREDIT UNION