SEATTLE METROPOLITAN CREDIT UNION (EIN 910176215) - 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

1933

Legal Domicile

Principal Officer

MICHAEL CRUZ

Phone

2063985561

Tax Period

2023-01-01 to 2023-12-31

SEATTLE METROPOLITAN CREDIT UNION, founded in 1933, is a mid-sized nonprofit that reported $57.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG 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 (2023)

Revenue Breakdown

Contributions & Grants $457,626

Program Service Revenue $53,929,795

Investment Income $3,347,986

Other Revenue $0

TOTAL REVENUE $57,735,407

Expense Breakdown

Grants Paid $86,826

Salaries & Benefits $21,274,595

Fundraising Expenses $0

Other Expenses $35,982,687

TOTAL EXPENSES $57,344,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,735,407	$48,414,512	+0.2%
Expenses	$57,344,108	$43,097,250	+0.3%
Net Income	$391,299	$5,317,262	-0.9%

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

244

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

$3,182,976

Total Directors

$998,557

Key Employees

$505,345

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ROMERO	PRESIDENT/CEO/TREASURER	40.00	Officer Director	$776,656	$221,901	$998,557
KELLY EARNEST	CHIEF PEOPLE OFFICER	40.00	Officer	$344,972	$167,095	$512,067
DAVID MEANS	CHIEF INFORMATION OFFICER	40.00	Officer	$352,738	$156,718	$509,456
LEE PIERCE	CHIEF LENDING OFFICER	40.00	Officer	$337,163	$90,091	$427,254
KHAMSAY VONGCHANTHA	VP OF RISK MANAGEMENT	40.00	Key Emp	$301,760	$34,030	$335,790
SARAH LA-NGUYEN	SVP TALENT MANAGEMENT	40.00	Highest	$265,022	$70,374	$335,396
MAHLON MCCALEB	CFO (THRU 8/23)	40.00	Officer	$292,000	$11,792	$303,792
MELE MILLER	COO (THRU 2/23)	40.00	Officer	$248,812	$7,532	$256,344
PAMELA FUENTES	VP LOAN DOCUMENTATION AND OPERATIONS MANAGER	40.00	Highest	$187,539	$37,376	$224,915
JANINE YOUNT	VP BUSINESS PARTNER MANAGER	40.00	Highest	$182,876	$22,314	$205,190
SARAH ENDICOTT	VP MORTGAGE LENDING	40.00	Highest	$169,626	$21,476	$191,102
MICHAEL WHITEMAN	VP DIGITAL TRANSFORMATION	40.00	Highest	$163,250	$23,679	$186,929
TERRI GIANNETTI	CXO	40.00	Officer	$162,082	$13,424	$175,506
DONNA RANSIER	VP OF IT (THRU 2/23)	40.00	Key Emp	$164,683	$4,872	$169,555
CARLOS RUIZ	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
ROBIN HARMON	BOARD VICE CHAIR	4.00	Officer Director	$0	$0	$0
REBECCA KERR	BOARD SECRETARY (THRU 3/23)	4.00	Officer Director	$0	$0	$0
PAUL HIGGINBOTHAM	BOARD SECRETARY	4.00	Officer Director	$0	$0	$0
ROBIN SHULER	BOARD MEMBER	4.00	Officer Director	$0	$0	$0
SHAHZAD QADRI	BOARD MEMBER	4.00	Director	$0	$0	$0
DEANNA CLARK	BOARD MEMBER (THRU 3/23)	4.00	Director	$0	$0	$0
JONELLE JOHNSON	BOARD MEMBER (THRU 3/23)	4.00	Director	$0	$0	$0
JORDAN GRANT	BOARD MEMBER	4.00	Director	$0	$0	$0
JOE DAVILA	BOARD MEMBER (THRU 3/23)	4.00	Director	$0	$0	$0
NELSON REYNERI	BOARD MEMBER	4.00	Director	$0	$0	$0
MARI HORITA	BOARD MEMBER	4.00	Director	$0	$0	$0
JOSH CANADY	BOARD MEMBER	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	$57,735,407	$57,344,108	$1,114,328,070	$391,299
2022	$48,414,512	$43,097,250	$1,075,826,706	$5,317,262
2021	$41,882,424	$42,352,157	$1,060,154,632	$-469,733
2020	$43,119,344	$40,661,754	$959,707,663	$2,457,590
2019	$43,488,749	$41,177,440	$831,539,595	$2,311,309
2018	$41,364,422	$39,197,170	$855,470,364	$2,167,252

SEATTLE METROPOLITAN CREDIT UNION