AMPLIFY CREDIT UNION

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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

2017

Legal Domicile

Principal Officer

KENDALL GARRISON

Phone

5128365901

Tax Period

2024-01-01 to 2024-12-31

AMPLIFY CREDIT UNION, founded in 2017, is a mid-sized nonprofit that reported $91.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $84.2M left a modest 8% surplus.

Mission

TO IMPROVE THE LIVES OF OUR MEMBERS AND THE STRENGTH OF OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $84,214,734 Revenue: $58,252,450

AMPLIFY PROVIDES CERTIFICATES OF DEPOSIT, SHARE ACCOUNTS AND CHECKING ACCOUNTS TO MEMBERS. THE CREDIT UNION PAYS INTEREST ON THE SAVINGS AND TIME DEPOSITS. IN ADDITION, THE CREDIT UNION PROVIDES...

AMPLIFY PROVIDES CERTIFICATES OF DEPOSIT, SHARE ACCOUNTS AND CHECKING ACCOUNTS TO MEMBERS. THE CREDIT UNION PAYS INTEREST ON THE SAVINGS AND TIME DEPOSITS. IN ADDITION, THE CREDIT UNION PROVIDES VARIOUS TYPES OF LOANS TO ITS MEMBERS, INCLUDING RESIDENTIAL AND HOME EQUITY LOANS, AUTO LOANS, BUSINESS LOANS, AND CONSUMER LOANS. THE CREDIT UNION SERVICES LOANS FOR ITS MEMBERS AND OTHER FINANCIAL INSTITUTIONS.

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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 $4,379,120

Program Service Revenue $61,524,366

Investment Income $25,566,062

Other Revenue $0

TOTAL REVENUE $91,469,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,269,069

Fundraising Expenses $0

Program Expenses $84,214,734

Other Expenses $58,945,665

TOTAL EXPENSES $84,214,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,469,548	$83,598,527	+0.1%
Expenses	$84,214,734	$76,795,587	+0.1%
Net Income	$7,254,814	$6,802,940	+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

258

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

$7,449,013

Total Directors

Key Employees

$433,806

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE EVERETT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOYCE J SMITH	EMERITUS DIRECTOR	3.00	Director	$0	$0	$0
LEMUEL WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
SANDY DOCHEN	DIRECTOR	2.00	Director	$0	$0	$0
KENDEL MARTIN	BOD CHAIR	5.25	Officer Director	$0	$0	$0
SAM ROBERTSON	DIRECTOR	3.00	Director	$0	$0	$0
SHAKU SELVAKUMAR	SECRETARY	2.00	Officer Director	$0	$0	$0
VERONICA STIDVENT	DIRECTOR	2.00	Director	$0	$0	$0
HELYNN NELSON	ADVISORY DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY PERRYMAN	ADVISORY DIRECTOR	2.00	Director	$0	$0	$0
KENDALL GARRISON	PRESIDENT - CEO	40.00	Officer	$1,101,130	$32,217	$1,133,347
STACY R ARMIJO	SVP - CXO	40.00	Officer	$374,995	$28,928	$403,923
CHARLOTTE P MORRISON	SVP - CIO	40.00	Officer	$372,242	$40,812	$413,054
JACKIE YORK	SVP - CFO (THROUGH 9/16/24)	40.00	Officer	$372,166	$12,970	$385,136
ALAN KEITH JEWELLS	VP - COMMERCIAL LENDING	40.00	Officer	$238,174	$25,788	$263,962
JOSE C SAN PEDRO	SVP - LOAN ADMINISTRATION	40.00	Officer	$264,203	$27,687	$291,890
ALMA Y PALACIOS	VP - REAL ESTATE OPERATION	40.00	Officer	$180,879	$21,243	$202,122
ANGELA LYNN SHAW	SVP - TALENT	40.00	Officer	$249,106	$17,137	$266,243
LISA LARSON	VP - PAYMENTS & OPS	40.00	Officer	$203,852	$19,995	$223,847
CHRISTINA RANFT	VP - PROJECT MANAGEMENT	40.00	Officer	$193,919	$31,204	$225,123
JAZMIN OTERO	VP-RETAIL BANKING	40.00	Officer	$165,010	$30,051	$195,061
JOHN ANTHONY TRAWEEK II	VP - INFORMATION TECHNOLOG	40.00	Officer	$187,351	$25,397	$212,748
JENNIFER SOBCZYK	VP - CORE PRODUCT MGMT.	40.00	Officer	$184,551	$22,835	$207,386
BRUCE SMITH	INFORMATION SECURITY OFFIC	40.00	Officer	$174,453	$13,643	$188,096
BARBARA CANAN SANTNER	DIRECTOR - MORTGAGE UNDERW	40.00	Officer	$179,177	$7,663	$186,840
SONIA ALTAMIRANO CHAPA	FINANCE DIRECTOR	40.00	Officer	$146,244	$19,030	$165,274
KATRINA JANE CUOCO	SVP - ENTERPRISE RISK MGMT	40.00	Officer	$174,107	$9,383	$183,490
DAVID THIBODEAUX	DIRECTOR - SECURITY AND FA	40.00	Officer	$124,536	$17,193	$141,729
AMANDA J BEARD	VP - CONSUMER LENDING AND ACCOUNT RESOLUTIONS	40.00	Officer	$161,612	$12,761	$174,373
ZANE HUDSON	DIRECTOR - COMMERCIAL CRED	40.00	Officer	$126,035	$15,633	$141,668
APRIL HOUSTON	AVP - PAYMENTS AND OPERATI	40.00	Officer	$124,194	$11,391	$135,585
KRISTIN N KELLER	SVP - RE LENDING	40.00	Officer	$285,077	$21,781	$306,858
JULIE MACALUSO	CP - COMMERCIAL BANKING	40.00	Officer	$170,500	$21,175	$191,675
MATTHEW MONAGLE	VP - MARKETING	40.00	Officer	$142,311	$19,713	$162,024
APRIL SMITH	DIRECTOR - LOAN AND INVESTOR SERVICING	40.00	Officer	$133,925	$7,587	$141,512
RACHAEL JARAMILLO	DIRECTOR OF SERVICE DELIVERY	40.00	Officer	$125,290	$14,957	$140,247
HEATHER DAWSON	DIRECTOR - RETAIL BANKING OPERATIONS	40.00	Officer	$132,124	$7,336	$139,460
PHIL NADOLSKY	DIRECTOR OF CONTACT CENTER OPERATIONS	40.00	Officer	$124,491	$14,073	$138,564
MICHAEL HOELSCHER	DIRECTOR - ANALYTICS	40.00	Officer	$116,773	$13,251	$130,024
CONNER LYTLE	DIRECTOR - COMMERCIAL LOAN OPERATIONS	40.00	Officer	$96,814	$17,041	$113,855
KEVIN GINSBURG	VP - REAL ESTATE PRODUCTION	40.00	Officer	$91,483	$10,649	$102,132
PAUL GARRIGUES	CHIEF FINANCIAL OFFICER (STARTING 9/16/24)	40.00	Officer	$83,716	$10,382	$94,098
FELICIA MORALES	DIRECTOR - MARKETING	40.00	Officer	$38,655	$9,012	$47,667
ALEXANDER B OLMOS	COMMERCIAL LOAN OFFICER	40.00	Key Emp	$184,037	$22,460	$206,497
TERRY NEIL COUNCIL	MORTGAGE LOAN ORIGINATOR	40.00	Key Emp	$204,469	$22,840	$227,309
ALISON HEDGER	SR. ENCOMPASS ADMIN	40.00	Highest	$143,218	$12,571	$155,789
FRANK HART	SR. SALESFORCE DEVEL	40.00	Highest	$139,105	$14,137	$153,242
TERRA VO	MORTGAGE LOAN ORIGINATOR	40.00	Highest	$146,039	$16,108	$162,147
ADEYINKA ADEMOLA	SR. NETWORK ADMINISTRATOR	40.00	Highest	$138,497	$18,441	$156,938
BRIAN BETTENDORF	INFRASTRUCTURE MANAGER	40.00	Highest	$133,333	$21,753	$155,086

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	$91,469,548	$84,214,734	$1,309,640,133	$7,254,814
2023	$83,598,527	$76,795,587	$1,420,947,795	$6,802,940
2022	$86,404,873	$62,899,208	$1,525,654,462	$23,505,665
2021	$69,720,673	$55,329,490	$1,360,354,435	$14,391,183
2020	$57,863,468	$53,449,044	$1,100,705,305	$4,414,424
2019	$58,397,921	$53,790,339	$994,465,486	$4,607,582
2018	$55,204,978	$48,183,897	$950,869,035	$7,021,081