VANTAGE WEST 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

1955

Legal Domicile

Principal Officer

SANDRA SAGEHORN-ELLIOTT

Phone

5202987882

Tax Period

2023-01-01 to 2023-12-31

VANTAGE WEST CREDIT UNION, founded in 1955, is a major nonprofit that reported $172.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $163.6M left a modest 5% surplus.

Mission

WORKING TOGETHER TO MEET OUR MEMBERS' FINANCIAL NEEDS. VANTAGE WEST IS A FULL-SERVICE FINANCIAL INSTITUTION. WE OFFER A WIDE ARRAY OF PERSONAL AND BUSINESS ACCOUNTS RANGING FROM SAVINGS AND CHECKING ACCOUNTS TO LOANS, MORTGAGES, MERCHANT SERVICES, CONSUMER CREDIT CARDS, AND MUCH MORE.

Program Service Accomplishments

Program 1

INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.

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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 $185,300

Program Service Revenue $143,857,303

Investment Income $26,108,925

Other Revenue $2,119,530

TOTAL REVENUE $172,271,058

Expense Breakdown

Grants Paid $116,223

Salaries & Benefits $57,664,126

Fundraising Expenses $0

Other Expenses $105,808,706

TOTAL EXPENSES $163,589,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,271,058	$128,137,248	+0.3%
Expenses	$163,589,055	$105,911,072	+0.5%
Net Income	$8,682,003	$22,226,176	-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

633

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

$3,994,691

Total Directors

$327,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZIMMERMAN DOUGLAS	BOARD CHAIRPERSON	5.00	Director	$34,583	$0	$34,583
LUCERO MANUEL	BOARD VICE CHAIRPERSON	5.00	Director	$29,583	$0	$29,583
RINCON JOSE	BOARD SECRETARY	5.00	Director	$30,097	$0	$30,097
SCHAU HOPE	BOARD TREASURER	5.00	Director	$29,583	$0	$29,583
RILEY KARA	BOARD MEMBER	5.00	Director	$29,583	$0	$29,583
MEZA MARICELA	BOARD MEMBER	5.00	Director	$30,119	$0	$30,119
GUERRERO NAOMI	BOARD MEMBER	5.00	Director	$30,478	$0	$30,478
LOGAN ROBERT	BOARD MEMBER	5.00	Director	$29,583	$0	$29,583
PEARY STEPHEN	BOARD MEMBER	5.00	Director	$17,083	$0	$17,083
TONY KITT	BOARD MEMBER	5.00	Director	$12,747	$0	$12,747
ORTEGA KATHLEEN	SUPERVISORY COMMITTEE CHAI	5.00	Director	$19,583	$0	$19,583
SPINK-COHEN STACEY	SUPERVISORY COMMITTEE MEMB	5.00	Director	$17,083	$0	$17,083
GINSBERG MATTHEW	SUPERVISORY COMMITTEE MEMB	5.00	Director	$17,083	$0	$17,083
SAGEHORN-ELLIOTT SANDRA	PRESIDENT/CEO	40.00	Officer	$1,308,094	$1,858,707	$3,166,801
ODOM SCOTT	EVP/CFO	40.00	Officer	$471,601	$356,289	$827,890
DANIEL TOWNSEND	SVP HR & ORG DEVELOPMENT	40.00	Highest	$601,783	$100,423	$702,206
DOWNIN ANDREW	CHIEF STRAT & GROWTH OFC	40.00	Highest	$491,990	$27,362	$519,352
HOYLE ROBERT	CHIEF INFORMATION OFFICER	40.00	Highest	$482,045	$450,772	$932,817
PINARD JEREMY	CHIEF LENDING OFFICER	40.00	Highest	$458,603	$316,942	$775,545
PAPOCCIA MARK	CHIEF MBR EXPERIENCE OFFIC	40.00	Highest	$383,726	$373,237	$756,963

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	$172,271,058	$163,589,055	$2,893,332,767	$8,682,003
2022	$128,137,248	$105,911,072	$2,676,136,267	$22,226,176
2021	$106,118,675	$86,606,552	$2,536,511,128	$19,512,123
2020	$110,088,288	$103,128,227	$2,391,498,846	$6,960,061
2019	$118,310,063	$99,783,947	$2,015,563,365	$18,526,116
2018	$105,231,949	$92,019,620	$1,973,948,993	$13,212,329