AVENTA 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

1957

Legal Domicile

Principal Officer

GREGORY J MILLS

Phone

7194827600

Tax Period

2023-01-01 to 2023-12-31

AVENTA CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

IT IS THE MISSION OF AVENTA TO BECOME OUR MEMBER'S LIFE LONG PRIMARY FINANCIAL INSTITUTION BY PROVIDING A SYSTEM OF FULL CONSUMER AND ENTREPRENEURIAL FINANCIAL SERVICES IN A CONVENIENT, SECURE AND COST COMPETITIVE MANNER.

Program Service Accomplishments

Program 1

Expenses: $17,839,745

THE CREDIT UNION IS OWNED BY APPROXIMATELY 34,600 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING AND SAVINGS DEPOSIT AND...

THE CREDIT UNION IS OWNED BY APPROXIMATELY 34,600 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, MORTGAGE LENDING, CHECKING AND SAVINGS DEPOSIT AND CERTIFICATE ACCOUNTS, ATM, DEBIT AND CREDIT CARDS, AND OTHER FINANCIAL SERVICES.

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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 $16,221,443

Investment Income $916,482

Other Revenue $43,340

TOTAL REVENUE $17,181,265

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $5,721,173

Fundraising Expenses $0

Program Expenses $17,839,745

Other Expenses $12,098,072

TOTAL EXPENSES $17,839,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,181,265	$15,058,799	+0.1%
Expenses	$17,839,745	$14,532,338	+0.2%
Net Income	$-658,480	$526,461	-2.3%

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

117

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

$1,198,960

Total Directors

$31,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ESGAR	VICE CHAIR	2.00	Director	$4,200	$0	$4,200
RICHARD C SMITH JR	DIRECTOR	2.00	Director	$2,700	$0	$2,700
CATHERINE BUCKLEY	SECRETARY	2.00	Director	$3,850	$0	$3,850
JEFF SCHULTZ	TREASURER	2.00	Director	$4,200	$0	$4,200
NORM ANDERSSON	CHAIRMAN	4.00	Director	$4,950	$0	$4,950
CATHY BULF	DIRECTOR	2.00	Director	$3,300	$0	$3,300
WOMBA MANGUYA	DIRECTOR	2.00	Director	$2,400	$0	$2,400
JIM JARVIZ	DIRECTOR	2.00	Director	$2,400	$0	$2,400
DR LUIS VELEZ	DIRECTOR	2.00	Director	$3,300	$0	$3,300
GREGORY J MILLS	CEO	40.00	Officer	$280,532	$29,507	$310,039
SARAH HENDERSON	CFO	40.00	Officer	$178,653	$17,276	$195,929
SANDRA WELLS	COO	40.00	Officer	$195,571	$26,383	$221,954
CHRISTINA MAYNE	VP IT	40.00	Officer	$119,850	$7,366	$127,216
MELISSA NOBLE	HUMAN CAPITAL OFFICER	40.00	Officer	$148,861	$27,046	$175,907
PATRICK HARRIGAN	CHIEF RISK MITIGATION	40.00	Officer	$144,379	$23,536	$167,915

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
2023	$17,181,265	$17,839,745	$274,651,592	$-658,480
2022	$15,058,799	$14,532,338	$288,626,631	$526,461
2021	$14,432,586	$12,866,195	$264,169,507	$1,566,391
2020	$13,441,963	$13,384,719	$244,373,877	$57,244
2019	$13,144,301	$11,734,061	$216,935,146	$1,410,240
2018	$11,998,587	$10,296,510	$193,672,835	$1,702,077