UNITED HERITAGE CREDIT UNION (EIN 741288659) - 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

1957

Legal Domicile

Principal Officer

MICHAEL VER SCHUUR

Phone

5124354270

Tax Period

2023-01-01 to 2023-12-31

UNITED HERITAGE CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $79.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $72.5M left a modest 9% surplus.

Mission

UHCU IS A NOT-FOR-PROFIT COOPERATIVE PROVIDING FINANCIAL SERVICES TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $73,390,179

Investment Income $6,311,232

Other Revenue $0

TOTAL REVENUE $79,701,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,167,653

Fundraising Expenses $0

Other Expenses $31,353,623

TOTAL EXPENSES $72,467,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,701,411	$66,954,834	+0.2%
Expenses	$72,467,549	$49,976,961	+0.5%
Net Income	$7,233,862	$16,977,873	-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

290

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

$3,112,446

Total Directors

$131,386

Key Employees

$3,329,541

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TREVINO	BOARD MEMBER	2.00	Director	$16,464	$450	$16,914
VALENTIN VELASQUEZ	BOARD MEMBER	2.00	Director	$15,765	$450	$16,215
EDWARD CLEMENTS	BOARD MEMBER	2.00	Director	$15,065	$450	$15,515
HAROLD KEYES	BOARD MEMBER - CHAIRPERSON	4.00	Officer Director	$14,681	$450	$15,131
ROBERT HOOTKINS	BOARD MEMBER	2.00	Director	$13,661	$450	$14,111
ROBERT SPURCK	BOARD MEMBER	2.00	Director	$13,000	$797	$13,797
AMBER SHAMMAS	BOARD MEMBER	2.00	Director	$13,000	$450	$13,450
TOMMY LUEDERS	BOARD MEMBER	2.00	Director	$13,000	$238	$13,238
BRENDA HENRY	BOARD MEMBER	2.00	Director	$13,000	$15	$13,015
WILFORD SCHROEDER	PRESIDENT/CEO (PART YEAR)	40.00	Officer	$1,183,452	$48,810	$1,232,262
MICHAEL VER SCHUUR	PRESIDENT/CEO	40.00	Officer	$975,599	$64,772	$1,040,371
SAMANTHA HESS	COO	40.00	Officer	$371,495	$50,477	$421,972
NATHAN BROWN	CTO	40.00	Officer	$159,589	$8,807	$168,396
MATTHEW LYMAN	CLO	40.00	Officer	$157,004	$10,106	$167,110
TROY GARRY	CFO	40.00	Officer	$67,204	$0	$67,204
SARA VARA	VP HR	40.00	Key Emp	$328,098	$46,197	$374,295
DIANE BROWN	VP INFO SVCS/CORE SVCS	40.00	Key Emp	$290,791	$38,497	$329,288
REBECCA ELLIOTT	VP FINANCE	40.00	Key Emp	$277,220	$45,081	$322,301
KAREN WILKERSON	VP RISK MGT/ISO	40.00	Key Emp	$274,767	$43,773	$318,540
JACOB BERNHARD	VP RE LENDING	40.00	Key Emp	$274,139	$42,454	$316,593
DEENA MASSA	VP BRANCH OPERATIONS	40.00	Key Emp	$269,614	$46,607	$316,221
KRISTIE SIMO	VP CONSUMER LENDING	40.00	Key Emp	$281,438	$27,602	$309,040
JOSHUA ROBLES	VP COMMERCIAL LENDING	40.00	Key Emp	$261,064	$34,540	$295,604
DALE TRIPP	VP OF COMPLIANCE	40.00	Key Emp	$245,937	$43,618	$289,555
KEVIN FARLEY	VP EXPERIENCE & ENGAGEMENT	40.00	Key Emp	$239,271	$17,999	$257,270
KAREN POLLACK	VP OF DIGITAL	40.00	Key Emp	$190,835	$9,999	$200,834
STUART GEHRKE	AVP INFORMATION TECHNOLOGY	40.00	Highest	$167,226	$57,439	$224,665
KERI BROWN	AVP PROJECT MANAGEMENT	40.00	Highest	$189,151	$27,226	$216,377
CHARLES SHASKY	AVP LEARNING & DEVELOPMENT	40.00	Highest	$161,151	$46,340	$207,491
CHAD HUDSON	AVP CONSUMER LOAN OPS	40.00	Highest	$177,638	$20,684	$198,322
SEBRINA CRAWFORD	VP OPERATIONS	40.00	Highest	$148,310	$7,775	$156,085
MARK WOODBRIDGE	AVP OF FINANCE	40.00	Highest	$168,180	$32,300	$200,480

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	$79,701,411	$72,467,549	$1,534,688,042	$7,233,862
2022	$66,954,834	$49,976,961	$1,520,494,758	$16,977,873
2021	$55,051,200	$43,117,120	$1,405,950,790	$11,934,080
2020	$49,916,423	$45,313,338	$1,228,006,484	$4,603,085
2019	$48,829,880	$42,816,641	$1,074,547,983	$6,013,239
2018	$46,528,587	$37,496,277	$1,022,750,686	$9,032,310

UNITED HERITAGE CREDIT UNION