CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 910170377) - 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

1934

Legal Domicile

Principal Officer

Brandy McBride

Phone

4252835151

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1934, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $13.1M left a modest 5% surplus.

Mission

Puget Sound Cooperative Credit Union is a state-chartered Credit Union providing financial services to its members in the State of Washington.

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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 $11,926,873

Investment Income $623,039

Other Revenue $1,300,593

TOTAL REVENUE $13,850,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,402,555

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,723,651

TOTAL EXPENSES $13,126,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,850,505	$11,703,599	+0.2%
Expenses	$13,126,206	$11,056,351	+0.2%
Net Income	$724,299	$647,248	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Marc Stepper	Chairman of the Board	Officer Director	$0	$0	$0
Nancy Agler	Board Member	Director	$0	$0	$0
Lynn Logen	Board Member	Officer Director	$0	$0	$0
Wayne Apostolik	Board Member	Officer Director	$0	$0	$0
Christina Bender	Board Member	Director	$0	$0	$0
Kevin Ranker	Board Member	Director	$0	$0	$0
Brandy McBride	CEO/Board Member	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	$13,850,505	$13,126,206	$263,552,053	$724,299
2023	$11,703,599	$11,056,351	$255,745,169	$647,248
2022	$8,919,248	$7,205,224	$218,502,275	$1,714,024
2021	$7,735,334	$5,966,855	$186,115,326	$1,768,479
2020	$8,043,539	$6,355,677	$176,804,845	$1,687,862
2019	$8,155,691	$6,478,905	$163,419,249	$1,676,786
2018	$7,128,332	$5,359,437	$151,984,690	$1,768,895

CREDIT UNIONS IN THE STATE OF WASHINGTON