Icon Credit Union (EIN 820209467) - 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

1952

Legal Domicile

Principal Officer

Connie Miller

Phone

2089085216

Tax Period

2020-01-01 to 2020-07-31

Icon Credit Union, founded in 1952, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2020. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $10.9M left a modest 10% surplus.

Mission

To promote the financial wellbeing of members by providing services at competitive rates.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,930,771

Investment Income $162,616

Other Revenue $0

TOTAL REVENUE $12,093,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,797,754

Fundraising Expenses $0

Other Expenses $6,093,301

TOTAL EXPENSES $10,891,055

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,093,387	$18,713,785	-0.4%
Expenses	$10,891,055	$15,360,116	-0.3%
Net Income	$1,202,332	$3,353,669	-0.6%

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

136

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

$389,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie Miller	President/CEO (Until 7/31/20)	50.00	Officer	$259,274	$10,718	$269,992
John Neil - Mortgage	Loan Officer (Until 7/31/20)	50.00	Highest	$200,405	$15,444	$215,849
Robert Dumas - Mortgage	Loan Officer (Until 7/31/20)	50.00	Highest	$122,821	$6,508	$129,329
Dee Carter - Mortgage	Sales Manager (Until 7/31/20)	50.00	Highest	$197,083	$13,796	$210,879
Justin Risner - Mortgage	Loan Officer (Until 7/31/20)	50.00	Highest	$191,339	$14,053	$205,392
Terri LaCoy - Accounting	Supervisor (Until 7/31/20)	50.00	Officer	$55,403	$5,467	$60,870
Jeff Vogt	CFO (Until 2/28/20)	50.00	Officer	$54,491	$4,508	$58,999
Patricia Marler	Chair (Until 7/31/20)	2.00	Officer Director	$0	$0	$0
Bonnie Vogt	Vice Chair (Until 7/31/20)	2.00	Officer Director	$0	$0	$0
Glenda Fuller	Secretary (Until 7/31/20)	2.00	Officer Director	$0	$0	$0
Rich Jackson	Treasurer (Until 7/31/20)	2.00	Officer Director	$0	$0	$0
Darin Burrell	Membership Officer (Until 7/31/20)	2.00	Officer Director	$0	$0	$0
Mike Teller	Board Member (Until 7/31/20)	2.00	Director	$0	$0	$0
Ted Moore	Board Member (Until 7/31/20)	2.00	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
2020	$12,093,387	$10,891,055	No data	$1,202,332
2019	$18,713,785	$15,360,116	$342,084,186	$3,353,669
2018	$15,427,831	$13,406,006	$292,779,298	$2,021,825

Icon Credit Union