VOCAL 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

1954

Legal Domicile

Principal Officer

EDDIE BLACK

Phone

4064421421

Tax Period

2023-01-01 to 2023-12-31

VOCAL CREDIT UNION, founded in 1954, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 15% surplus.

Mission

AS A MEMBER OWNED FINANCIAL COOPERATIVE, WE LISTEN TO AND SERVICE THE NEEDS OF OUR MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION'S PRIMARY DEPOSIT PRODUCTS ARE MEMBER DEMAND DEPOSITS AND CERTIFICATES OF DEPOSIT, AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL REAL ESTATE MORTGAGE LOANS AND SECURED PERSONAL...

THE CREDIT UNION'S PRIMARY DEPOSIT PRODUCTS ARE MEMBER DEMAND DEPOSITS AND CERTIFICATES OF DEPOSIT, AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL REAL ESTATE MORTGAGE LOANS AND SECURED PERSONAL LOANS.

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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 $2,761,213

Investment Income $0

Other Revenue $157,060

TOTAL REVENUE $2,918,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,240,423

Fundraising Expenses $0

Other Expenses $1,042,082

TOTAL EXPENSES $2,489,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,918,273	$2,395,107	+0.2%
Expenses	$2,489,141	$2,143,883	+0.2%
Net Income	$429,132	$251,224	+0.7%

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

$223,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DIXON	CHAIR	1.00	Officer Director	$0	$0	$0
DAN ROONEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BROOK FEIST STARTED JANUARY 2023	SEC/TREAS	1.00	Officer Director	$0	$0	$0
DAN RISPENS STARTED APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
MEG WHITE STARTED APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
SAM BERG STARTED APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
PETE STILES THRU JANUARY 2023	DIRECTOR	1.00	Director	$0	$0	$0
TORI GLEICH THRU MARCH 2023	DIRECTOR	1.00	Director	$0	$0	$0
JEN HURWITZ THRU APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
STACI DAWES JAN-MARCH 2023	DIRECTOR	1.00	Director	$0	$0	$0
BRETT NORLING THRU JULY 2023	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE BLACK	PRESIDENT/CEO	40.00	Officer	$177,774	$45,376	$223,150

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,918,273	$2,489,141	$48,491,734	$429,132
2022	$2,395,107	$2,143,883	$49,892,361	$251,224