RESOURCE ONE 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

1986

Legal Domicile

Principal Officer

MARY BETH SPUCK

Phone

2143193100

Tax Period

2023-01-01 to 2023-12-31

RESOURCE ONE CREDIT UNION, founded in 1986, is a mid-sized nonprofit that reported $50.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $64.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

COOPERATIVE FINANCIAL SERVICES PROVIDER.

Program Service Accomplishments

Program 1

VOLUNTARY COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG THE MEMBERS...

VOLUNTARY COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG THE MEMBERS, PROVIDING ITS MEMBERS CREDIT AT THE FAIR REASONABLE RATE OF INTEREST AND AN OPPORTUNITY TO IMPROVE THEIR FINANCIAL WELL-BEING.

Program 2

CREDIT INSURANCE SALES: WARRANTIES, CREDIT LIFE AND GUARANTEED AUTO PROTECTION (GAP) EXEMPT.

Program 3

MEMBER INSURANCE SALES: ACCIDENTAL DEATH & DISMEMBERMENT, (AD&D). OTHER INCOME: FOREIGN ATM FEES, INTERCHANGE FEES.

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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 $46,947,185

Investment Income $3,964,024

Other Revenue $0

TOTAL REVENUE $50,911,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,591,327

Fundraising Expenses $0

Other Expenses $45,472,913

TOTAL EXPENSES $64,064,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,911,209	$45,978,560	+0.1%
Expenses	$64,064,240	$42,724,137	+0.5%
Net Income	$-13,153,031	$3,254,423	-5.0%

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

265

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

$792,335

Total Directors

$72,851

Key Employees

$738,704

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN HART	BOD CHAIR/SC MEMBER	5.00	Director	$10,101	$0	$10,101
GREG BLUNT	BOD VICE CHAIR	5.00	Director	$12,000	$0	$12,000
CHRIS DEGELIA	BOD SECRETARY/TREASURER	5.00	Director	$7,000	$0	$7,000
JEAN MANUEL	BOD MEMBER/SC CHAIR	5.00	Director	$9,000	$0	$9,000
CRAIG GANT	BOD MEMBER/SC MEMBER	5.00	Director	$12,000	$0	$12,000
JANEY APPIA	BOD MEMBER	5.00	Director	$7,750	$0	$7,750
KEITH WILSON	BOD MEMBER	5.00	Director	$6,500	$0	$6,500
CLIFF BROUGHTON	BOD MEMBER	5.00	Director	$6,250	$0	$6,250
ABDIEL RUIZ	BOD MEMBER	5.00	Director	$1,350	$0	$1,350
LENORA KING	BOD MEMBER	5.00	Director	$900	$0	$900
MARY BETH SPUCK	PRESIDENT/CEO	40.00	Officer	$508,584	$28,546	$537,130
TRACEY ANNE JACKSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$226,449	$28,756	$255,205
BRADY EUGENE POPP	CHIEF STRATEGY OFFICER	40.00	Key Emp	$240,557	$27,296	$267,853
DOUGLAS P BEDNER	CHIEF LENDING OFFICER	40.00	Key Emp	$224,294	$14,852	$239,146
DANIELA B PARKER	CHIEF OPERATING OFFICER	40.00	Key Emp	$191,783	$39,922	$231,705
GEORGE JOHNSON	CHIEF PEOPLE OFFICER	40.00	Highest	$166,378	$34,416	$200,794
MICHELLE S DAHL	CHIEF MEMBER EXPERIENCE OFFICER	40.00	Highest	$166,111	$23,735	$189,846
LESLIE ANN ATTEBERY	DIRECTOR OF MORTGAGE LENDING	40.00	Highest	$156,491	$21,101	$177,592
PAUL ANTHONY MATAMOROS	DIRECTOR OF INDIRECT LENDING	40.00	Highest	$148,460	$28,958	$177,418
TESFU HAVTEGHABR BERAKI	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$143,276	$36,569	$179,845

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	$50,911,209	$64,064,240	$762,285,283	$-13,153,031
2022	$45,978,560	$42,724,137	$825,257,395	$3,254,423
2021	$42,535,084	$37,123,749	$739,668,611	$5,411,335
2020	$40,721,208	$37,609,141	$642,203,704	$3,112,067