VELOCITY CREDIT UNION (EIN 741200165) - 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

1947

Legal Domicile

Principal Officer

DEBBIE MITCHELL

Phone

5124697000

Tax Period

2025-01-01 to 2025-12-31

VELOCITY CREDIT UNION, founded in 1947, is a mid-sized nonprofit that reported $64.0M in total revenue in fiscal year 2025. Net assets of $142.2M represent 27 months of operating reserves.

Mission

TO PROVIDE THE BEST PROGRAMS TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $51,429,625

Investment Income $12,054,236

Other Revenue $466,270

TOTAL REVENUE $63,950,131

Expense Breakdown

Grants Paid $74,373

Salaries & Benefits $22,909,279

Fundraising Expenses $0

Other Expenses $31,038,582

TOTAL EXPENSES $63,004,133

Year-over-Year Comparison

	2025	2024	Change
Revenue	$63,950,131	$61,722,513	+0.0%
Expenses	$63,004,133	$59,293,381	+0.1%
Net Income	$945,998	$2,429,132	-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

257

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

$2,491,571

Total Directors

$99,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH MITCHELL	PRESIDENT/CEO	40.00	Officer	$1,076,272	$24,254	$1,100,526
JAMES BROWN	EVP/CLO	40.00	Officer	$407,554	$41,510	$449,064
AUSTIN AHLRICH	COO	40.00	Highest	$294,034	$29,099	$323,133
DANIEL PENBERG	CIO	40.00	Officer	$286,593	$34,667	$321,260
CHERI HALL	SR VP OF HUMAN RESOURCES	40.00	Highest	$248,992	$36,806	$285,798
ROBERT COLE	CHIEF EXPERIENCE OFFICER	40.00	Officer	$262,514	$20,236	$282,750
CHRIS CLARK	CFO	40.00	Officer	$260,669	$21,302	$281,971
KIM SCHAEFER	SR VP, MEMBER SERVICES (LEFT 9/2025)	40.00	Highest	$256,183	$12,118	$268,301
ALAN NYKIEL	SR VP OF MARKETING	40.00	Highest	$235,003	$16,838	$251,841
LINDSEY RECORD	VP MORTGAGE LENDING	40.00	Highest	$213,655	$13,304	$226,959
KASHA BARTHOLOMEW	CHAIRPERSON	2.00	Officer Director	$14,000	$0	$14,000
ERIC WISE	1ST VICE CHAIR	2.00	Officer Director	$14,000	$0	$14,000
THOMAS MATTHEWS	2ND VICE CHAIR	2.00	Officer Director	$14,000	$0	$14,000
LINDSEY J PUTMAN	SECRETARY/TREASURER	2.00	Officer Director	$14,000	$0	$14,000
JOHN CHOMOUT	DIRECTOR	2.00	Director	$14,000	$0	$14,000
MARY PAREDES	DIRECTOR	2.00	Director	$14,000	$0	$14,000
DOUG SKOLAUT	DIRECTOR	2.00	Director	$14,000	$0	$14,000
MIKE SUMMERS	DIRECTOR (AS OF 12/2025)	2.00	Director	$1,000	$0	$1,000

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
2025	$63,950,131	$63,004,133	$1,067,403,243	$945,998
2024	$61,722,513	$59,293,381	$1,028,360,466	$2,429,132
2023	$55,312,889	$53,854,155	$1,039,075,424	$1,458,734
2022	$46,253,683	$40,766,636	$1,044,010,333	$5,487,047
2021	$65,298,866	$40,972,813	$1,067,927,517	$24,326,053
2020	$46,378,003	$45,943,455	$968,954,481	$434,548
2019	$51,540,286	$43,292,054	$849,082,564	$8,248,232
2018	$52,797,062	$42,103,163	$839,665,435	$10,693,899

VELOCITY CREDIT UNION