ELEVATIONS CREDIT UNION (EIN 840459116) - 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

GERRY AGNES

Phone

3034434672

Tax Period

2023-01-01 to 2023-12-31

ELEVATIONS CREDIT UNION, founded in 1952, is a major nonprofit that reported $190.5M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $162.9M left a modest 14% surplus.

Mission

TOGETHER WE CREATE SOLUTIONS FOR A BETTER LIFE.

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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 $162,038,965

Investment Income $27,622,043

Other Revenue $839,361

TOTAL REVENUE $190,500,369

Expense Breakdown

Grants Paid $432,231

Salaries & Benefits $75,649,952

Fundraising Expenses $0

Other Expenses $86,803,439

TOTAL EXPENSES $162,885,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,500,369	$140,790,639	+0.4%
Expenses	$162,885,622	$130,005,373	+0.3%
Net Income	$27,614,747	$10,785,266	+1.6%

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

748

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

$6,268,410

Total Directors

$452,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE BROWN	BOARD OF DIRECTORS	6.00	Director	$50,000	$0	$50,000
BARBARA BROHL	BOARD OF DIRECTORS	6.00	Director	$12,500	$0	$12,500
RAY MARTINEZ	BOARD OF DIRECTORS - VICE CHAIR	8.00	Officer Director	$59,337	$0	$59,337
DON CHEYNE	BOARD OF DIRECTORS - CHAIR	10.00	Officer Director	$79,191	$0	$79,191
NANCY HERBERT	BOARD OF DIRECTORS	6.00	Director	$50,000	$0	$50,000
NATALIE BAUMGARTNER	BOARD OF DIRECTORS	6.00	Director	$50,000	$0	$50,000
TODD GLEESON	BOARD OF DIRECTORS - TREASURER	6.00	Officer Director	$51,836	$0	$51,836
GARRY WOODS	BOARD OF DIRECTORS - SECRETARY	6.00	Officer Director	$53,371	$0	$53,371
MONICA STITT	BOARD OF DIRECTORS	6.00	Director	$45,833	$0	$45,833
MANUEL RODRIGUEZ	BOARD OF DIRECTORS (BEG. 11/2023)	6.00	Director	$0	$0	$0
JENNIFER PASQUINO	BOARD OF DIRECTORS (BEG. 10/2023)	6.00	Director	$0	$0	$0
GERRY AGNES	PRESIDENT/CEO	40.00	Officer	$1,207,116	$27,123	$1,234,239
MICHAEL CALCOTE	CHIEF FINANCIAL OFFICER	40.00	Officer	$760,651	$31,367	$792,018
BRIAN HOLST	GENERAL COUNSEL	40.00	Officer	$660,935	$31,367	$692,302
RAYMOND LINDLEY	CHIEF OPERATING OFFICER	40.00	Officer	$1,275,850	$31,367	$1,307,217
TAMMY TEITSCHEID	CHIEF HUMAN RESOURCE OFFICER	40.00	Officer	$1,162,474	$31,367	$1,193,841
DUSTIN MONTOYA	CHIEF INFORMATION OFFICER	40.00	Officer	$444,728	$32,482	$477,210
WENDY BESWICK	CHIEF MARKETING OFFICER	40.00	Officer	$312,716	$15,132	$327,848
CAMERON WHITE-FORD	VP MORTGAGE SALES	40.00	Highest	$638,111	$32,584	$670,695
TODD PEYOK	SVP COMMERCIAL AND BUSINESS BANKING	40.00	Highest	$964,845	$32,482	$997,327
ELIZABETH MILLION	SVP LENDING	40.00	Highest	$674,972	$25,046	$700,018
AARON STAUFER	MORTGAGE SALES MANAGER	40.00	Highest	$656,498	$22,434	$678,932
BLAKE SCHAEFER	MORTGAGE SALES MANAGER	40.00	Highest	$429,126	$31,437	$460,563

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	No data	No data	No data	No data
2023	$190,500,369	$162,885,622	$3,409,369,591	$27,614,747
2022	$140,790,639	$130,005,373	$3,294,550,654	$10,785,266
2021	$154,912,251	$139,211,740	$3,242,277,853	$15,700,511
2020	$188,618,254	$151,737,633	$2,810,808,888	$36,880,621
2019	$149,375,954	$121,822,203	$2,213,511,736	$27,553,751
2018	$122,875,102	$107,449,264	$2,088,986,456	$15,425,838

ELEVATIONS CREDIT UNION