Mobility Credit Union (EIN 751248359) - 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

1965

Legal Domicile

Principal Officer

Steve Martin

Phone

2145742000

Tax Period

2024-01-01 to 2024-12-31

Mobility Credit Union, founded in 1965, is a mid-sized nonprofit that reported $22.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $25.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

Providing personal financial service and value to members. These services include banking, loans, and investments.

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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 $21,044,100

Investment Income $1,046,281

Other Revenue $0

TOTAL REVENUE $22,090,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,083,631

Fundraising Expenses $0

Other Expenses $21,987,652

TOTAL EXPENSES $25,071,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,090,381	$19,906,163	+0.1%
Expenses	$25,071,283	$19,388,160	+0.3%
Net Income	$-2,980,902	$518,003	-6.8%

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

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

Total Directors

Key Employees

$616,186

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Perry	CEO	40.00	Key Emp	$382,874	$0	$382,874
Steve Martin	CFO	40.00	Key Emp	$233,312	$0	$233,312
Mike Jackson	Chairman	2.00	Officer Director	$0	$0	$0
John Mahalik	Vice Chair	2.00	Officer Director	$0	$0	$0
Andrea Solka	Treasurer	2.00	Officer Director	$0	$0	$0
Kinda Turner	Secretary	2.00	Officer Director	$0	$0	$0
Mike Struffolino	Director	2.00	Director	$0	$0	$0
Steve Pratt	Director	2.00	Director	$0	$0	$0
David Apple	Director	2.00	Director	$0	$0	$0
Suzanne Behling	Branch Manager	40.00	Highest	$135,666	$0	$135,666
Chris Hutado	SVP IT	40.00	Highest	$137,367	$0	$137,367
Linda Howard	AVP Branch Manager	40.00	Highest	$147,164	$0	$147,164
Chelly Clanton	SVP/Controller	40.00	Highest	$110,371	$0	$110,371
Justin Stuart	VP Marketing	40.00	Highest	$109,544	$0	$109,544

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	$22,090,381	$25,071,283	$373,626,744	$-2,980,902
2023	$19,906,163	$19,388,160	$376,890,924	$518,003
2022	$15,048,895	$10,512,111	$380,471,243	$4,536,784
2021	$12,843,616	$8,210,186	$295,221,683	$4,633,430
2020	$11,840,867	$9,615,162	$246,599,387	$2,225,705
2019	$10,279,656	$8,553,018	$220,834,663	$1,726,638
2018	$8,578,721	$6,980,475	$200,311,395	$1,598,246

Mobility Credit Union