TEXANS CREDIT UNION (EIN 750992590) - 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

1953

Legal Domicile

Principal Officer

DAVID FRAZIER

Phone

9723482000

Tax Period

2023-01-01 to 2023-12-31

TEXANS CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $98.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.9M, a strong 24% operating margin.

Mission

TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW. THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNION'S FOCUS IS TO MAKE OUR MEMBER'S LIVES BETTER WHILE SERVING OUR COMMUNITIES.

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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 $74,173,628

Investment Income $24,384,499

Other Revenue $0

TOTAL REVENUE $98,558,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,526,633

Fundraising Expenses $0

Other Expenses $51,117,601

TOTAL EXPENSES $74,644,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,558,127	$76,501,082	+0.3%
Expenses	$74,644,234	$50,324,677	+0.5%
Net Income	$23,913,893	$26,176,405	-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

307

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

$2,453,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE CONSOLVER	CHAIRPERSON	1.00	Director	$0	$0	$0
ED FAWCETT	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
ESTELLA MARTINEZ	SECRETARY	1.00	Director	$0	$0	$0
THOMAS BOEDECKER	TREASURER	1.00	Director	$0	$0	$0
LORI DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHYAMAL PARIKH	ADVISORY DIRECTOR	1.00	Director	$0	$0	$0
FAHAD AWAIS	ADVISORY DIRECTOR	1.00	Director	$0	$0	$0
ARTS JURGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FRAZIER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$797,234	$43,465	$840,699
MICHAEL MCWETHY	EXECUTIVE VICE PRESIDENT	40.00	Officer	$441,924	$296,377	$738,301
BENJAMIN HART	CHIEF FINANCIAL OFFICER	40.00	Officer	$330,569	$263,580	$594,149
JENNIFER SHORT	CHIEF PEOPLE OFFICER	40.00	Officer	$249,164	$30,847	$280,011
TANYA PATTERSON	VP IT SYSTEMS	40.00	Highest	$232,575	$28,889	$261,464
JIANJUN BAI	VP DEV & HOST SYSTEMS	40.00	Highest	$227,880	$24,245	$252,125
DANIEL MATHEWS	VP CONSUMER LENDING	40.00	Highest	$221,304	$20,618	$241,922
ANGELA JACKSON	VP REAL ESTATE LENDING	40.00	Highest	$213,670	$19,690	$233,360
TRACY MONTEZ	SVP CONTROLLER	40.00	Highest	$194,355	$26,431	$220,786

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	$98,558,127	$74,644,234	$2,195,933,253	$23,913,893
2022	$76,501,082	$50,324,677	$2,155,551,665	$26,176,405
2021	$56,103,692	$40,157,461	$2,114,687,717	$15,946,231
2020	$52,798,769	$37,129,901	$1,881,983,731	$15,668,868
2019	$61,592,504	$36,349,197	$1,606,022,803	$25,243,307
2019	$61,592,504	$36,349,197	$1,606,022,803	$25,243,307
2018	$60,195,306	$34,978,264	$1,572,471,414	$25,217,042

TEXANS CREDIT UNION