DESERT FINANCIAL CREDIT UNION (EIN 860096740) - 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

1939

Legal Domicile

Principal Officer

JEFFREY D MESHEY

Phone

6024337000

Tax Period

2023-01-01 to 2023-12-31

DESERT FINANCIAL CREDIT UNION, founded in 1939, is a major nonprofit that reported $454.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85.3M, a strong 19% operating margin.

Mission

AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM.

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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 $326,626,922

Investment Income $106,694,825

Other Revenue $20,983,931

TOTAL REVENUE $454,305,678

Expense Breakdown

Grants Paid $1,903,156

Salaries & Benefits $134,865,981

Fundraising Expenses $0

Other Expenses $232,242,123

TOTAL EXPENSES $369,011,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,305,678	$376,561,824	+0.2%
Expenses	$369,011,260	$290,538,957	+0.3%
Net Income	$85,294,418	$86,022,867	0.0%

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

1251

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

$3,464,322

Total Directors

$5,225

Key Employees

$3,449,287

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA WATSON	TREASURER	1.00	Director	$0	$0	$0
CLAUDETTE GRONSKI	DIRECTOR	1.00	Director	$0	$0	$0
JANET BIOLETTO	SECRETARY	1.00	Director	$0	$0	$0
CARRIE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MINER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FEHLING	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY SMITH	VICE CHAIRPERSON	1.00	Director	$5,225	$0	$5,225
RICHARD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HASKEW	CHAIRPERSON	1.00	Director	$0	$0	$0
JACKIE L BIGGS JR	SVP CFO	40.00	Officer	$653,267	$35,222	$688,489
JEFFREY D MESHEY	CEO	40.00	Officer	$2,029,198	$746,635	$2,775,833
RONDLE K AMSTUTZ	EXECUTIVE VP	40.00	Key Emp	$891,882	$56,560	$948,442
JEFFREY S BUTLER	CEO-SWITCHTHINK SOLUTIONS	1.00	Key Emp	$0	$49,606	$982,016
CATHLEEN GRAHAM	EXECUTIVE VP	40.00	Key Emp	$903,234	$18,504	$921,738
GARY SNEED	SVP CHIEF LENDING OFFICER	40.00	Key Emp	$568,033	$29,058	$597,091
RONALD H PARKER	COO-SWITCHTHINK SOLUTIONS	1.00	Highest	$0	$31,979	$552,049
THOMAS MARLOWE	SVP OPERATIONS	40.00	Highest	$525,098	$38,674	$563,772
SARA K REGAN	SVP GENERAL COUNSEL	40.00	Highest	$535,872	$55,669	$591,541
PAUL WINTERMANTEL	FINANCIAL ADVISOR II	40.00	Highest	$625,924	$18,252	$644,176
STEPHEN JORDAN	CHIEF REVENUE OFFICER	40.00	Highest	$649,828	$39,463	$689,291

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	$454,305,678	$369,011,260	$8,710,563,794	$85,294,418
2022	$376,561,824	$290,538,957	$8,192,281,897	$86,022,867
2021	$333,222,725	$245,780,903	$8,206,373,350	$87,441,822
2020	$217,996,164	$187,113,371	$6,637,949,766	$30,882,793

DESERT FINANCIAL CREDIT UNION