DEL NORTE CREDIT UNION (EIN 850124035) - 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

1954

Legal Domicile

Principal Officer

JOHN R MOLENDA JR

Phone

5054555415

Tax Period

2024-01-01 to 2024-12-31

DEL NORTE CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $73.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 16% operating margin.

Mission

DEL NORTE CREDIT UNION (DNCU) IS ORGANIZED AS A COOPERATIVE ASSOCIATION WITH THE MISSION OF IMPROVING LIVES BY PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS.

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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 $73,854,217

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,854,217

Expense Breakdown

Grants Paid $397,939

Salaries & Benefits $21,203,533

Fundraising Expenses $0

Other Expenses $40,309,536

TOTAL EXPENSES $61,911,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,854,217	$55,559,728	+0.3%
Expenses	$61,911,008	$47,477,828	+0.3%
Net Income	$11,943,209	$8,081,900	+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

Employees

287

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

$2,975,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLYDE A LEYBA	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$0	$0
BENITO SALAZAR	BOARD MEMBER/VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEN MONTOYA	BOARD MEMBER/TREASURER	1.00	Officer Director	$0	$0	$0
LEVI LOPEZ	BOARD MEMBER/TREASURER (UNTIL 5/2024)	1.00	Officer Director	$0	$0	$0
DENNIS LETTERS	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
ART SALGADO	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEE	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$0	$0
JULIE FELDMAN	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$0	$0
LUIS ALBA	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SANTISTEVAN	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$0	$0
JOHN R MOLENDA JR	CEO	40.00	Officer	$283,691	$43,860	$327,551
CHARLES CHUCK VALENTI	FMR CEO (UNTIL 05/16/2024)	32.00	Officer	$188,976	$20,954	$209,930
DAVID WEIDAUER	EVP	40.00	Officer	$294,100	$38,537	$332,637
PAMELA ATENCIO	CHIEF OPERATIONS OFFICER	40.00	Officer	$190,802	$38,329	$229,131
CHRISTOPHER MCGEE	CHIEF INFORMATION OFFICER	40.00	Officer	$198,862	$49,180	$248,042
KERRY STACY	CHIEF PERFORMANCE OFFICER	40.00	Officer	$199,923	$44,414	$244,337
DEBBIE SALAZAR	CHIEF EXP. OFFICER	40.00	Officer	$211,358	$31,710	$243,068
KIMBERLY CURRIE	CHIEF MARKETING OFFICER	40.00	Officer	$182,056	$48,187	$230,243
KEVIN SOUTHWICK	CHIEF BUSINESS OFFICER	40.00	Officer	$188,592	$38,924	$227,516
AMY MCHUGH	CHIEF RISK OFFICER	40.00	Officer	$178,125	$27,660	$205,785
MARCO PADILLA	CHIEF LENDING OFFICER	40.00	Officer	$198,353	$44,447	$242,800
MARK RIEK	CHIEF FINANCE OFFICER	40.00	Officer	$195,731	$38,806	$234,537
RALPH FLORES	AVP MORTGAGE LOAN OFFICER	40.00	Highest	$163,710	$35,330	$199,040
DANA JARAMILLO	SVP SUPPORT OPS	40.00	Highest	$151,006	$37,546	$188,552
MATTHEW CALE	VP IT CORE SYSTEMS	40.00	Highest	$148,258	$16,254	$164,512
LORI SCHUTT	SVP OF HR	40.00	Highest	$145,899	$37,145	$183,044
RHONDA SANCHEZ	VP MEMBER BUSINESS OPERATIONS SERVICES	40.00	Highest	$139,964	$36,596	$176,560

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	$73,854,217	$61,911,008	$1,302,207,887	$11,943,209
2023	$55,559,728	$47,477,828	$1,077,444,027	$8,081,900
2022	$45,843,178	$34,969,340	$1,030,042,670	$10,873,838
2021	$36,581,378	$29,640,184	$967,606,971	$6,941,194
2020	$35,615,806	$29,951,189	$849,421,553	$5,664,617
2019	$35,027,953	$26,472,276	$702,040,123	$8,555,677
2018	$29,620,804	$24,004,291	$636,677,444	$5,616,513

DEL NORTE CREDIT UNION