BELLCO CREDIT UNION (EIN 840146595) - 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

1936

Legal Domicile

Principal Officer

DOUGLAS A FERRARO

Phone

3036897800

Tax Period

2024-01-01 to 2024-12-31

BELLCO CREDIT UNION, founded in 1936, is a major nonprofit that reported $496.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $444.3M left a modest 11% surplus.

Mission

BELLCO IS A PROGRESSIVE, MEMBER-OWNED ORGANIZATION THAT PROVIDES COMPETITIVE FINANCIAL SERVICES TO MEET EVOLVING MEMBER NEEDS. WE WILL SUSTAIN PLANNED GROWTH TO FUND THE FUTURE WHILE MAINTAINING MEMBER CONFIDENCE THROUGH FINANCIAL STABILITY. WE WILL PROVIDE A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELL BEING OF OUR COMMUNITY.

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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 $413,198,204

Investment Income $68,980,979

Other Revenue $14,514,144

TOTAL REVENUE $496,693,327

Expense Breakdown

Grants Paid $478,240

Salaries & Benefits $46,539,533

Fundraising Expenses $0

Other Expenses $397,321,590

TOTAL EXPENSES $444,339,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,693,327	$411,740,872	+0.2%
Expenses	$444,339,363	$368,123,468	+0.2%
Net Income	$52,353,964	$43,617,404	+0.2%

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

383

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

$3,143,590

Total Directors

$2,079,258

Key Employees

$4,438,101

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS FERRARO	PRESIDENT/CEO/DIRECTOR	40.00	Officer Director	$1,593,843	$57,331	$1,651,174
STEVEN ANGELIER	BOD/CHAIRMAN	5.00	Director	$65,250	$0	$65,250
WALKER FLEMING	BOD/DIRECTOR	4.00	Director	$45,250	$0	$45,250
MARK GOODMAN	BOD/DIRECTOR	4.00	Director	$40,750	$0	$40,750
C DAVID KIKUMOTO	BOD/SECRETARY/TREASURER	5.00	Director	$45,250	$0	$45,250
PETER KIRCHHOF	BOD/DIRECTOR	4.00	Director	$40,750	$0	$40,750
ANDREW MURRAY	BOD/DIRECTOR	4.00	Director	$45,250	$0	$45,250
JANE PRANCAN	BOD/DIRECTOR	4.00	Director	$45,250	$0	$45,250
JOSEFINA RAPHAEL	BOD/DIRECTOR	4.00	Director	$9,834	$0	$9,834
LAURA SONDERUP	BOD/VICE CHAIR	5.00	Director	$45,250	$0	$45,250
MARIA SPRAY	BOD/DIRECTOR/SUPERVISORY	6.00	Director	$45,250	$0	$45,250
DANIEL KAMPEN	EVP/CFO	40.00	Officer	$1,153,075	$339,341	$1,492,416
JOHN RIVERA	SVP/CRO	40.00	Key Emp	$508,086	$223,467	$731,553
JACK PARGEON	SVP-FINANCE	40.00	Key Emp	$513,319	$249,435	$762,754
JUAN CARLOS CAMPOS	SVP GENERAL COUNSEL/COMPLIANCE	40.00	Key Emp	$457,169	$50,738	$507,907
WENDY JONES	SVP-CHRO	40.00	Key Emp	$304,153	$165,215	$469,368
SUSAN RICE	SVP-COMMERCIAL LENDING	40.00	Key Emp	$385,630	$50,558	$436,188
MATTHEW KAHN	SVP-CONSUMER LENDING	40.00	Key Emp	$416,776	$72,032	$488,808
TIM BILLINGS	SVP TREASURY & ANALYTICS	40.00	Key Emp	$400,648	$31,333	$431,981
REBECCA STEMBEL	SVP-CMEO	40.00	Key Emp	$436,363	$173,179	$609,542
ALVIN MCCARTHY	COMMERCIAL BUSINESS OFFICER	40.00	Highest	$860,679	$42,609	$903,288
GREGORY LUNDSTROM	COMMERCIAL BUSINESS OFFICER	40.00	Highest	$649,688	$42,820	$692,508
JENNA MCFARLANE	VP-MARKETING	40.00	Highest	$269,075	$28,389	$297,464
STACIE ZIDAN	VP-RETAIL DELIVERY	40.00	Highest	$246,984	$34,751	$281,735
SHARON VAUGHN	VP-OPERATIONS	40.00	Highest	$244,151	$19,843	$263,994

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	$496,693,327	$444,339,363	$8,591,833,461	$52,353,964
2023	$411,740,872	$368,123,468	$8,259,004,929	$43,617,404
2022	$286,970,201	$200,344,282	$7,362,214,487	$86,625,919
2021	$233,085,363	$168,668,224	$6,160,459,649	$64,417,139
2020	$242,568,862	$230,744,095	$5,518,860,512	$11,824,767
2019	$254,737,778	$208,593,949	$5,171,032,513	$46,143,829
2018	$223,498,145	$178,322,437	$4,517,595,715	$45,175,708

BELLCO CREDIT UNION