LANDINGS CREDIT UNION (EIN 860133773) - 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

1953

Legal Domicile

Principal Officer

BRIAN LEE

Phone

4809679475

Tax Period

2024-01-01 to 2024-12-31

LANDINGS CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 17% operating margin.

Mission

LANDINGS CREDIT UNION IS A COOPERATIVE, NON-PROFIT ASSOCIATION WHICH IS INCORPORATED WITH THE PROVISIONS OF THE ARIZONA STATUTES AND REGULATIONS, FOR THE PURPOSE OF PROVIDING FINANCIAL AND RELATED SERVICES TO 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 $11,937,766

Investment Income $2,549,068

Other Revenue $15,528

TOTAL REVENUE $14,502,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,113,967

Fundraising Expenses $0

Other Expenses $6,855,831

TOTAL EXPENSES $11,969,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,502,362	$13,305,523	+0.1%
Expenses	$11,969,798	$10,755,218	+0.1%
Net Income	$2,532,564	$2,550,305	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

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

$1,027,271

Total Directors

$11,800

Key Employees

$316,147

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN LEE	PRESIDENTCEO	40.00	Officer Key Emp	$258,075	$58,072	$316,147
RICHARD LANDIS	WEALTH MANAGEMENT ADVISOR	40.00		$202,835	$5,071	$207,906
WILLIAM CONTI	VPCHIEF LENDING OFFICER	40.00		$150,682	$24,820	$175,502
ADRIANNE REXIUS	VPCHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$136,530	$31,458	$167,988
CECILIA ASHE	INTERIM CEO	40.00	Officer	$151,976	$3,800	$155,776
NETTIE DUARTE-MAYO	CHIEF FINANCIAL OFFICER	40.00	Officer	$117,029	$22,558	$139,587
RACHEL CAUSLEY	CHIEF INFORMATION OFFICER	40.00	Officer	$109,639	$23,925	$133,564
KAREN BARTON	VPCHIEF ADMINISTRATIVE OFFICER	30.00	Officer	$94,095	$20,114	$114,209
WILLIAM HEGEBUSH	BOARD CHAIRPERSON	2.00		$3,850	$0	$3,850
BARBARA LLOYD	BOARD DIRECTOR	1.00	Director	$2,200	$0	$2,200
ERIC EMMERT	BOARD CHAIRPERSON	1.00	Director	$2,200	$0	$2,200
CAROL POLCYN	BOARD VICE CHAIRPERSON	1.00	Director	$2,200	$0	$2,200
WILLIAM HONAKER	BOARD SECRETARY	1.00	Director	$1,800	$0	$1,800
TAYLOR PINEDA	BOARD TREASURER	1.00	Director	$1,800	$0	$1,800
JENNY POON	BOARD MEMBER	1.00	Director	$1,600	$0	$1,600
ROBERT LIZARDI	BOARD MEMBER	1.00		$300	$0	$300
ALLISON EWERS	BOARD MEMBER	0.00	Director	$0	$0	$0
COREY WOODS	BOARD VICE CHAIRPERSON	1.00		$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$14,502,362	$11,969,798	$242,703,584	$2,532,564
2023	$13,305,523	$10,755,218	$238,260,303	$2,550,305
2022	$10,321,261	$8,507,187	$253,112,474	$1,814,074
2021	$8,635,618	$7,518,258	$242,584,144	$1,117,360
2020	$8,832,403	$7,834,901	$204,587,987	$997,502
2019	$9,576,424	$8,391,185	$169,823,709	$1,185,239
2018	$9,166,271	$7,789,049	$164,300,713	$1,377,222

LANDINGS CREDIT UNION