GREATER NEVADA 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

1949

Legal Domicile

Principal Officer

DANIEL DELAROSA

Phone

7758822060

Tax Period

2023-01-01 to 2023-12-31

GREATER NEVADA CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $96.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $115.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS.

Program Service Accomplishments

Program 1

FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 88,042 IN 2023, AN INCREASE OF 2,669 FOR THE YEAR. DURING 2023, THE CREDIT UNION...

FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 88,042 IN 2023, AN INCREASE OF 2,669 FOR THE YEAR. DURING 2023, THE CREDIT UNION AND ITS AFFILIATES FUNDED $188,912,941 MILLION IN CONSUMER LOANS.

Program 2

MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2023, THE CREDIT UNION FUNDED $107,576,685 MILLION IN MORTGAGE LOANS.

Program 3

COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2023, THE CREDIT UNION FUNDED $4,950,000 MILLION IN COMMERCIAL LOANS.

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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 $86,590,511

Investment Income $9,915,407

Other Revenue $154,780

TOTAL REVENUE $96,660,698

Expense Breakdown

Grants Paid $837,340

Salaries & Benefits $27,538,772

Fundraising Expenses $0

Other Expenses $86,625,403

TOTAL EXPENSES $115,001,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,660,698	$81,598,679	+0.2%
Expenses	$115,001,515	$78,661,196	+0.5%
Net Income	$-18,340,817	$2,937,483	-7.2%

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

490

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

$886,137

Total Directors

$27,496

Key Employees

$1,812,653

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DELAROSA	PRESIDENT/CEO (AS OF 03/23)	40.00	Officer	$361,097	$43,966	$405,063
DOREEN AMADOR	VP OF COMMERCIAL PRODUCTION	40.00	Highest	$346,060	$24,558	$370,618
JEREMY GILPIN	PRESIDENT, GCL	0.00	Key Emp	$0	$32,070	$368,272
MICHAEL DIETRICH	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$311,099	$21,997	$333,096
RICHARD HASSMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$280,504	$37,021	$317,525
JAMES ANDERSON	PRESIDENT, GNM	40.00	Key Emp	$249,331	$42,548	$291,879
MICHAEL THOMAS	SENIOR VP OF COMMUNICATIONS	40.00	Key Emp	$250,133	$33,638	$283,771
MARCUS WERTZ	CHIEF LENDING OFFICER	40.00	Key Emp	$258,631	$24,215	$282,846
NICHOLAS ROSIVAL - SENIOR VP OF	INFRASTRUCTURE & PLATFORMS	40.00	Highest	$224,848	$36,581	$261,429
MELISSA MARTINEZ	VICE PRESIDENT OF LENDING	40.00	Highest	$224,794	$36,316	$261,110
JEN TREADWAY	CHIEF PEOPLE OFFICER	40.00	Key Emp	$229,645	$23,144	$252,789
PATRICIA CHANG	SENIOR VP OF RISK	40.00	Highest	$231,303	$18,908	$250,211
LISA SEISENNOP	VP OF DIVERSIFIED ASSETS	40.00	Highest	$224,377	$19,805	$244,182
JOYCE WHITNEY-SILVA - FORMER	CHIEF FINANCIAL OFFICER (THRU 10/22)	40.00		$152,387	$26,930	$179,317
WALLACE MURRAY	PRESIDENT/CEO (THRU 03/23)	40.00	Officer	$138,138	$10,771	$148,909
ROB JOINER	CHAIR	8.00	Officer Director	$10,500	$0	$10,500
PAUL RICHEY	DIRECTOR	4.00	Director	$5,768	$0	$5,768
MARSHA BURGESS	DIRECTOR	4.00	Director	$5,614	$0	$5,614
WILLIAM ARENSDORF	VICE CHAIR	6.00	Officer Director	$4,140	$0	$4,140
ALEX TALMANT	DIRECTOR (THRU 03/23)	4.00	Director	$1,474	$0	$1,474
TRAVIS LEE	TREASURER	4.00	Officer Director	$0	$0	$0
JON STEELE	SECRETARY	4.00	Officer Director	$0	$0	$0
BARBARA BYINGTON	DIRECTOR	4.00	Director	$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
2024	No data	No data	No data	No data
2023	$96,660,698	$115,001,515	$1,756,847,081	$-18,340,817
2022	$81,598,679	$78,661,196	$1,767,200,524	$2,937,483
2021	$96,680,282	$78,080,188	$1,614,964,186	$18,600,094
2021	$96,680,282	$78,080,188	$1,614,964,186	$18,600,094
2020	$93,422,671	$79,459,124	$1,354,807,772	$13,963,547
2019	$73,910,723	$62,877,901	$1,062,492,971	$11,032,822
2018	$68,729,217	$54,410,946	$964,645,139	$14,318,271