ALLIANCE 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

1940

Legal Domicile

Principal Officer

MATTHEW GRANNAN

Phone

8067985554

Tax Period

2023-01-01 to 2023-12-31

ALLIANCE CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $40.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $35.4M left a modest 13% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERSHIP

Program Service Accomplishments

Program 1

ALLIANCE OFFERS LOANS OF ALL TYPES, INCLUDING NEW AND USED AUTOS

Program 2

ALLIANCE OFFERS SHARE AND DEPOSIT PRODUCTS, INCLUDING CDS, SAVINGS, AND CHECKING ACCOUNTS

Program 3

ALLIANCE OFFERS IRA PRODUCTS AT COMPETITIVE RATES

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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 $29,055,733

Investment Income $588,650

Other Revenue $11,152,421

TOTAL REVENUE $40,796,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,073,035

Fundraising Expenses $0

Other Expenses $21,325,366

TOTAL EXPENSES $35,398,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,796,804	$32,897,518	+0.2%
Expenses	$35,398,401	$25,069,267	+0.4%
Net Income	$5,398,403	$7,828,251	-0.3%

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

205

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

$1,138,629

Total Directors

Key Employees

$1,361,933

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATSY WILSON	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENT BALLARD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
LESA REED	SECRETARY	1.00	Officer Director	$0	$0	$0
REX ANDREWS	TREASURER	1.00	Officer Director	$0	$0	$0
DARRELL CRUMP	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI RITCHERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEWAYNE WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW GRANNAN	CEO	40.00	Officer	$353,475	$0	$353,475
JOSH WADE	COO	40.00	Officer	$230,802	$0	$230,802
JONATHAN BRUNSON	CLO	40.00	Officer	$249,620	$0	$249,620
DOMINIK KALISCH	CTO	40.00	Officer	$166,517	$0	$166,517
CLAY BEARDEMPHL	CFO	40.00	Officer	$138,215	$0	$138,215
TRACY WEATHERLY	SVP MORTGAGE	40.00	Key Emp	$290,891	$0	$290,891
CANDICE GERRON	MORTGAGE LENDER	40.00	Key Emp	$198,570	$0	$198,570
JOYCE JONES	MORTGAGE LENDER	40.00	Key Emp	$153,268	$0	$153,268
RICHARD BEAUCHAMP	VP MORTGAGE	40.00	Key Emp	$154,063	$0	$154,063
AARON GARRETT	MORTGAGE LENDER	40.00	Key Emp	$245,273	$0	$245,273
TYLER PEREZ	MORTGAGE LENDER	40.00	Key Emp	$169,327	$0	$169,327
CHRIS MCGLAUN	MORTGAGE MANAGER	40.00	Key Emp	$150,541	$0	$150,541

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	$40,796,804	$35,398,401	$567,938,177	$5,398,403
2022	$32,897,518	$25,069,267	$489,907,620	$7,828,251
2021	$24,576,419	$18,574,419	$392,881,868	$6,002,000
2020	$19,446,162	$15,666,605	$306,597,797	$3,779,557
2019	$16,827,579	$13,908,569	$279,946,644	$2,919,010