TEXAS TRUST 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

1936

Legal Domicile

Principal Officer

JAMES MINGE

Phone

9725951305

Tax Period

2024-01-01 to 2024-12-31

TEXAS TRUST CREDIT UNION, founded in 1936, is a major nonprofit that reported $119.5M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $113.0M left a modest 5% surplus.

Mission

WE ARE COMMITTED TO BEING OUR MEMBERS' PARTNER, PROVIDING A LIFETIME OF FINANCIAL SERVICES ADJUSTED TO THEIR NEEDS WHILE MAINTAINING A FINANCIALLY STRONG FULL-SERVICE COOPERATIVE.

Program Service Accomplishments

Program 1

INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.

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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 $98,636,346

Investment Income $20,287,503

Other Revenue $543,256

TOTAL REVENUE $119,467,105

Expense Breakdown

Grants Paid $299,637

Salaries & Benefits $27,646,929

Fundraising Expenses $0

Other Expenses $85,024,727

TOTAL EXPENSES $112,971,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,467,105	$99,239,233	+0.2%
Expenses	$112,971,293	$91,980,162	+0.2%
Net Income	$6,495,812	$7,259,071	-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

401

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

$1,668,437

Total Directors

Key Employees

$350,017

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SKINNER	CHAIRPERSON	1.00	Director	$0	$0	$0
CHARLIE NUTT	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
KAREN SAULS	TREASURER	1.00	Director	$0	$0	$0
BOB MCLELLAN	SECRETARY & MEMBERSHIP OFFICER	1.00	Director	$0	$0	$0
LONNIE MORGAN	DIRECTOR & SECURITY OFFICE	1.00	Director	$0	$0	$0
JOE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CHOATE	ADVISORY BOARD	1.00	Director	$0	$0	$0
JERRY OLIVE	ADVISORY BOARD	1.00	Director	$0	$0	$0
LILLIE WILSON	ADVISORY BOARD	1.00	Director	$0	$0	$0
KAYE GILBERT	ADVISORY BOARD	1.00	Director	$0	$0	$0
JAMES MINGE	CEO	45.00	Officer	$731,366	$69,190	$800,556
PEGGY ESPARZA	CFO	45.00	Officer	$297,466	$42,133	$339,599
WILLIAM KELSEY	PRESIDENT	45.00	Officer	$454,576	$73,706	$528,282
RONNIE SMITH JR	CGO	45.00	Key Emp	$290,943	$59,074	$350,017
LEANN SANTIAGO	SVP DIGITAL EXPERIENCE	45.00	Highest	$236,644	$56,212	$292,856
WHITNEY MCLEOD	SVP LENDING	45.00	Highest	$257,890	$39,318	$297,208
FRED TRUSTY	SVP MARKETING & DATA ANALYTICS	45.00	Highest	$226,894	$32,981	$259,875
ALAN BARBEE	SVP PLANNING & FACILITIES	45.00	Highest	$174,990	$27,451	$202,441
ROBERT A UNDERWOOD	SVP IT OPERATIONS	45.00	Highest	$183,039	$34,559	$217,598

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	$119,467,105	$112,971,293	$1,988,763,916	$6,495,812
2023	$99,239,233	$91,980,162	$2,023,353,997	$7,259,071
2022	$83,493,624	$68,363,171	$2,049,067,995	$15,130,453
2021	$77,667,084	$56,265,896	$1,797,827,251	$21,401,188
2020	$74,969,001	$60,335,566	$1,562,100,010	$14,633,435
2019	$71,525,575	$63,599,152	$1,344,628,631	$7,926,423
2018	$62,783,256	$55,819,095	$1,241,091,270	$6,964,161