ONEAZ CREDIT UNION (EIN 860108770) - 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

1951

Legal Domicile

Principal Officer

BRANDON MICHAELS

Phone

6024674088

Tax Period

2023-01-01 to 2023-12-31

ONEAZ CREDIT UNION, founded in 1951, is a major nonprofit in the Public & Societal Benefit sector that reported $171.2M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $146.3M left a modest 15% surplus.

Mission

A FINANCIAL COOPERATIVE PROVIDING MEMBERS WITH 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 $131,342,726

Investment Income $37,733,381

Other Revenue $2,171,646

TOTAL REVENUE $171,247,753

Expense Breakdown

Grants Paid $592,748

Salaries & Benefits $56,057,172

Fundraising Expenses $0

Other Expenses $65,039,503

TOTAL EXPENSES $146,334,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,247,753	$127,189,432	+0.3%
Expenses	$146,334,124	$111,985,163	+0.3%
Net Income	$24,913,629	$15,204,269	+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

638

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

$7,168,189

Total Directors

$218,854

Key Employees

$1,952,183

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY O'CONNOR	DIRECTOR	2.00	Director	$25,162	$0	$25,162
MARQUETTA WHITE	DIRECTOR	2.00	Director	$24,300	$0	$24,300
PEARLETTE RAMOS	VICE CHAIRPERSON	2.00	Officer Director	$25,140	$0	$25,140
JON BORGE	CHAIRMAN	2.00	Officer Director	$25,000	$0	$25,000
RYAN WILLIAMS	TREASURER	2.00	Officer Director	$20,000	$0	$20,000
SAM WHEELER	DIRECTOR	2.00	Director	$24,952	$0	$24,952
ED SANCHEZ	DIRECTOR	2.00	Director	$24,687	$0	$24,687
GEORGANNA MEYER	SECRETARY	2.00	Officer Director	$24,314	$0	$24,314
MARTHA ROZEN	DIRECTOR	2.00	Director	$25,299	$0	$25,299
RICHARD K REEDY	CEO/PRESIDENT (THRU 10/1/23)	40.00	Officer	$1,383,642	$265,934	$1,649,576
MICHAEL BODEN	EVP CFO	40.00	Officer	$606,659	$181,820	$788,479
LAURA WORZELLA	EVP COO	40.00	Officer	$1,135,467	$186,848	$1,322,315
MICHAEL EMANUELLI	EVP CAO	40.00	Officer	$1,064,090	$148,970	$1,213,060
DEBORAH PEARSON	EVP STRATEGY & BRAND	40.00	Officer	$597,345	$149,906	$747,251
KEN BAUER	EVP CLO	40.00	Officer	$494,472	$157,168	$651,640
BRANDON MICHAELS	CEO/PRESIDENT (BEGAN 5/22/23)	40.00	Officer	$543,054	$158,360	$701,414
SASSAN AZHADI	SVP CIO (THRU 6/25/23)	40.00	Key Emp	$255,994	$29,606	$285,600
BRIAN JOHNSON	SVP BUSINESS PLANNING	40.00	Key Emp	$263,583	$71,456	$335,039
THOMAS MITCHELL	SVP WEALTH MANAGEMENT	40.00	Key Emp	$270,305	$44,979	$315,284
BEAM CHIP GRIFFITH	SVP RETAIL SALES & OPERATIONS	40.00	Key Emp	$328,736	$68,223	$396,959
KRISTEN RENEE	SVP REVENUE OPTIMIZATION & MARKET	40.00	Key Emp	$305,463	$56,313	$361,776
LIZA BUCHANAN	SVP MARKETING OPERATIONS	40.00	Key Emp	$216,680	$40,845	$257,525
TAMMY PAQUETTE	WEALTH ADVISOR	40.00	Highest	$303,056	$41,727	$344,783
TORREY JEWETT	WEALTH ADVISOR	40.00	Highest	$264,236	$30,142	$294,378
MICHAEL SAMMONS	WEALTH ADVISOR	40.00	Highest	$356,419	$57,239	$413,658
CHRISTOPER GRAY	VP OPERATIONS	40.00	Highest	$250,097	$25,941	$276,038
JERAME PEARSON	ASSISTANT DIRECTOR SPECIALITY LENDING	40.00	Highest	$291,460	$26,238	$317,698

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	$171,247,753	$146,334,124	$3,384,527,864	$24,913,629
2022	$127,189,432	$111,985,163	$3,270,651,500	$15,204,269
2021	$105,409,190	$93,152,037	$3,043,080,305	$12,257,153
2020	$106,232,415	$138,202,766	$2,608,126,699	$-31,970,351
2019	$114,487,579	$96,897,496	$2,169,567,798	$17,590,083
2018	$107,669,460	$91,506,499	$2,049,958,630	$16,162,961

ONEAZ CREDIT UNION