ARIZONA CENTRAL 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

1939

Legal Domicile

Principal Officer

GREG HARDEN

Phone

6025238130

Tax Period

2023-01-01 to 2023-12-31

ARIZONA CENTRAL CREDIT UNION, founded in 1939, is a mid-sized nonprofit that reported $42.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $40.0M left a modest 6% surplus.

Mission

PROVIDE CHECKING, SAVINGS, AND LOAN SERVICES FOR MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES FOR ITS MEMBERS.

Program 2

OUTGOING WIRE SERVICES

Program 3

TRAINING

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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 $33,464,543

Investment Income $1,734,159

Other Revenue $7,211,479

TOTAL REVENUE $42,410,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,837,975

Fundraising Expenses $0

Other Expenses $24,129,301

TOTAL EXPENSES $39,967,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,410,181	$38,271,912	+0.1%
Expenses	$39,967,276	$32,068,931	+0.2%
Net Income	$2,442,905	$6,202,981	-0.6%

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

218

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

$617,668

Total Directors

$70,400

Key Employees

$516,087

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DENKE	CHAIRPERSON	20.00	Director	$13,400	$0	$13,400
STEPHANIE MCQUILLAN	VICE CHAIRPERSON	15.00	Director	$10,400	$0	$10,400
VERONICA PIOTROWSKI	TREASURER	15.00	Director	$10,400	$0	$10,400
SANDRA WATTS	SECRETARY	15.00	Director	$10,400	$0	$10,400
BRIAN RACZYNSKI	BOD MEMBER	10.00	Director	$8,600	$0	$8,600
NICOLETTE LEMMON	BOD MEMBER	10.00	Director	$8,600	$0	$8,600
KYLE HALLSTORM	BOD MEMBER	10.00	Director	$8,600	$0	$8,600
GREGORY HARDEN	CEO	40.00	Officer	$395,653	$36,886	$432,539
MICHAEL NEILL	CFO, VP OF FINANCE & ACCOU	40.00	Officer	$168,002	$17,127	$185,129
JANET MOODIE	SVP COO	40.00	Key Emp	$237,855	$19,789	$257,644
JUSTIN WHITESIDES	SVP CHIEF ADMINISTRATIVE O	40.00	Key Emp	$225,526	$32,917	$258,443
YVETTE CLAY	VP CLO	40.00	Highest	$176,398	$21,699	$198,097
ANGELA SMITH	VP CHIEF STRATEGIST	40.00	Highest	$161,626	$19,574	$181,200
KATHERINE PLUHOWSKY	VP FINANCIAL RESOLUTION	40.00	Highest	$149,772	$19,298	$169,070
PAUL BAUER III	DIR. BUSINESS FINANCIAL SE	40.00	Highest	$152,867	$1,086	$153,953
MARTIN JACOBSEN	AVP OF INFORMATION TECHNOLOGY	40.00	Highest	$142,787	$26,384	$169,171

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	$42,410,181	$39,967,276	$743,178,597	$2,442,905
2022	$38,271,912	$32,068,931	$755,233,028	$6,202,981
2021	$35,293,641	$30,254,650	$741,586,550	$5,038,991
2020	$37,743,652	$35,450,102	$645,140,221	$2,293,550
2019	$38,794,390	$31,710,004	$525,110,049	$7,084,386
2018	$33,522,362	$31,998,882	$497,872,823	$1,523,480