CITY CREDIT UNION (EIN 750692281) - 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

1942

Legal Domicile

Principal Officer

SHARON MOORE

Phone

2143195070

Tax Period

2023-01-01 to 2023-12-31

CITY CREDIT UNION, founded in 1942, is a mid-sized nonprofit that reported $36.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $33.1M left a modest 9% surplus.

Mission

A COOPERATIVE THRIFT INSTITUTION AND A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION.

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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 $31,210,316

Investment Income $4,867,111

Other Revenue $468,613

TOTAL REVENUE $36,546,040

Expense Breakdown

Grants Paid $5,036

Salaries & Benefits $11,059,138

Fundraising Expenses $0

Other Expenses $14,758,182

TOTAL EXPENSES $33,076,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,546,040	$32,829,451	+0.1%
Expenses	$33,076,310	$26,350,222	+0.3%
Net Income	$3,469,730	$6,479,229	-0.5%

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

132

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

$2,333,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MOORE	PRESIDENT/CEO	40.00	Officer	$812,392	$38,680	$851,072
MITCHELL CLARK	CAO	40.00	Officer	$366,507	$31,832	$398,339
JOHN BAILEY	COO	40.00	Officer	$350,841	$31,230	$382,071
DAVID FRITH	CSO	40.00	Officer	$324,777	$30,438	$355,215
SALLIE HORACE	CRO	40.00	Officer	$317,461	$29,386	$346,847
GARRETH CADA	SENIOR IT MANAGER	40.00	Highest	$157,246	$11,711	$168,957
SHANNON GARRET	CONTROLLER	40.00	Highest	$138,462	$10,871	$149,333
SHARON KORBA	MARKETING MANAGER	40.00	Highest	$130,044	$10,091	$140,135
JEFF MAGLALANG	REAL ESTATE MANAGER	40.00	Highest	$118,683	$9,736	$128,419
NATALIE JONES	PX MANAGER	40.00	Highest	$110,507	$9,471	$119,978
ALAN RICHARDSON	CHAIR	1.00	Officer Director	$0	$0	$0
RONNIE DAVIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY MCDANIEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CONRADO MORLAN	SECRETARY/TREASURER (THRU 6/12/23)	1.00	Officer Director	$0	$0	$0
GREG REICHEL	DIRECTOR	1.00	Director	$0	$0	$0
HOWIE REED	DIRECTOR	1.00	Director	$0	$0	$0
ERIK RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MILLER	DIRECTOR	1.00	Director	$0	$0	$0

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	$36,546,040	$33,076,310	$676,735,805	$3,469,730
2022	$32,829,451	$26,350,222	$621,218,086	$6,479,229
2021	$30,496,787	$26,111,621	$597,562,464	$4,385,166
2020	$30,852,312	$27,851,603	$548,487,702	$3,000,709
2019	$32,697,628	$28,993,284	$496,316,324	$3,704,344
2018	$29,460,425	$25,301,152	$466,988,036	$4,159,273
2018	$29,460,425	$25,301,152	$466,988,036	$4,159,273

CITY CREDIT UNION