Connections Credit Union (EIN 820202675) - 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

1937

Legal Domicile

Principal Officer

Justin Dance

Phone

2082335544

Tax Period

2024-01-01 to 2024-12-31

Connections Credit Union, founded in 1937, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2024. Expenses of $14.2M left a modest 5% surplus.

Mission

Promoting the well being of over 20,000 members by providing loans and deposits.

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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 $14,924,926

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,924,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,889,143

Fundraising Expenses $0

Program Expenses $10,746,631

Other Expenses $8,310,770

TOTAL EXPENSES $14,199,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,924,926	$14,170,044	+0.1%
Expenses	$14,199,913	$12,666,306	+0.1%
Net Income	$725,013	$1,503,738	-0.5%

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

N/A

Employees

118

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

$759,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Simmons	CEO	40	Key Emp	$175,356	$0	$175,356
Brian Osberg	CEO	40	Key Emp	$170,373	$0	$170,373
Shannon Lord	COO	40	Key Emp	$144,855	$0	$144,855
Stephanie Tocher	VP Lending	40	Key Emp	$138,298	$0	$138,298
Justin Dance	CFO	40	Key Emp	$130,918	$0	$130,918
Sheila Ericksen	Board Member	1	Director	$0	$0	$0
Roger Murphy	Board Member	1	Director	$0	$0	$0
Ron Lloyd	Board Member	1	Director	$0	$0	$0
Brad Nelson	Board Member	1	Director	$0	$0	$0
Quentin Howard	Board Member	1	Director	$0	$0	$0
Amber Christensen	Board Member	1	Director	$0	$0	$0
Steve Young	Board Member	1	Director	$0	$0	$0
Rodd Eggleston	Board Member	1	Director	$0	$0	$0
Charlotte Blair	Board Member	1	Director	$0	$0	$0

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	$14,924,926	$14,199,913	$254,682,874	$725,013
2023	$14,170,044	$12,666,306	$246,018,216	$1,503,738
2022	$11,518,730	$10,159,170	$249,677,721	$1,359,560
2021	$10,042,602	$9,099,343	$238,481,581	$943,259
2020	$10,061,407	$9,252,672	$217,058,204	$808,735
2020	$10,061,407	$9,252,672	$217,058,204	$808,735
2019	$9,492,962	$8,332,653	$180,109,242	$1,160,309
2018	$8,202,494	$7,428,672	$170,314,414	$773,822

Connections Credit Union