CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION (EIN 910176216) - 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

Justin Martin

Phone

2536203241

Tax Period

2025-01-01 to 2025-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $42.4M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.2M, a strong 17% operating margin.

Mission

WE ARE A FINANCIAL COOPERATIVE COMMITTED TO IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS AND IMPACTING OUR COMMUNITY BY HELPING INDIVIDUALS REALIZE THEIR FULL POTENTIAL. WE VALUE TRUST AND UNDERSTANDING AND RESPECT FOR OURSELVES AND OTHERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,804,639

Investment Income $3,545,672

Other Revenue $31,275

TOTAL REVENUE $42,381,586

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $12,222,992

Fundraising Expenses $0

Program Expenses $10,453,367

Other Expenses $12,449,210

TOTAL EXPENSES $35,150,569

Year-over-Year Comparison

	2025	2024	Change
Revenue	$42,381,586	$37,771,029	+0.1%
Expenses	$35,150,569	$34,370,784	+0.0%
Net Income	$7,231,017	$3,400,245	+1.1%

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

130

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

$2,133,248

Total Directors

$13,228

Key Employees

$121,669

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Martin	CEO	40.00	Officer	$658,164	$31,195	$689,359
William Peters	CXO	40.00	Officer	$320,844	$12,877	$333,721
Sarah Gray	CPIO	40.00	Officer	$273,808	$16,539	$290,347
Kathleen Scholes	CFO	40.00	Officer	$265,261	$17,378	$282,639
Jason Allen	CIO	40.00	Officer	$252,426	$19,883	$272,309
Jeremy Mandery	CRLO	40.00	Officer	$242,316	$16,680	$258,996
Mitch Jackson	VPCL	40.00	Highest	$155,811	$7,077	$162,888
Richard Stirgus	VPCR	40.00	Highest	$136,351	$19,318	$155,669
Dawn Foutz	BODGL	40.00	Highest	$123,242	$10,902	$134,144
Terri LaCoy	DOF	40.00	Highest	$122,074	$8,259	$130,333
John Gaythorpe	DIRITOI	40.00	Highest	$121,276	$8,165	$129,441
Heather Fate	VPME	40.00	Key Emp	$116,780	$4,889	$121,669
Bruce Baurichter	Board V-Chair	2.00	Officer Director	$3,481	$0	$3,481
Pat McElligot	Board Secretary	2.00	Officer Director	$2,396	$0	$2,396
John O'Laughlin	Supervisory Committee	1.00	Director	$1,437	$0	$1,437
Brent Bomkamp	Supervisory Committee	1.00	Director	$1,274	$0	$1,274
Julie Williams	Supervisory Committee	1.00	Director	$1,243	$0	$1,243
John Sinclair	Supervisory Committee	1.00	Director	$1,148	$0	$1,148
Lindsey Wade	Board Member	1.00	Director	$992	$0	$992
Gene Miller	Board Member	1.00	Director	$797	$0	$797
Alex Wilsie	Board Member	1.00	Director	$460	$0	$460
Dawn Masko	Board Member	1.00	Director	$0	$0	$0
Clara Nelson	Board Chair	2.00	Officer Director	$0	$0	$0
Patricia Bosmans	Board Member	1.00	Director	$0	$0	$0
Louis Cooper Jr	Board Member	1.00	Director	$0	$0	$0
John Cheeseman	Supervisory Committee	1.00	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
2025	$42,381,586	$35,150,569	$697,602,234	$7,231,017
2024	No data	No data	No data	No data
2023	$32,250,371	$27,949,874	$653,069,678	$4,300,497
2022	$26,389,919	$19,727,776	$646,595,896	$6,662,143
2021	$20,285,695	$17,256,490	$574,292,386	$3,029,205
2020	$19,089,269	$16,619,257	$496,515,001	$2,470,012
2019	$19,621,065	$15,846,289	$394,852,832	$3,774,776
2018	$19,064,995	$15,481,875	$374,229,032	$3,583,120

CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION