CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 910419495) - 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

Susan Vuong

Phone

5095350191

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1933, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $993K, a strong 20% operating margin.

Mission

The organization is a Credit Union operated without profit for mutual purposes.

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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 $3,887,499

Investment Income $377,629

Other Revenue $579,438

TOTAL REVENUE $4,844,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,437,872

Fundraising Expenses $0

Program Expenses $3,855,107

Other Expenses $2,413,868

TOTAL EXPENSES $3,851,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,844,566	$3,477,085	+0.4%
Expenses	$3,851,740	$3,035,359	+0.3%
Net Income	$992,826	$441,726	+1.2%

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

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

$427,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Vuong	President/CEO	40	Officer	$196,963	$0	$196,963
Timothy A Throckmorton	SVP CFO	40	Officer	$115,475	$0	$115,475
Kevin Spoerl	SVP CLO	40	Officer	$115,461	$0	$115,461
Kathy Brooks	Director	2	Director	$0	$0	$0
Cheri Moore	Director/Secretary	2	Director	$0	$0	$0
Jeffry D Martin	Director	2	Director	$0	$0	$0
William F O'Halloran	Director	2	Director	$0	$0	$0
Doug Sprecher	Director, Chairman of the Board	2	Director	$0	$0	$0
Dan Brown	Director/Vice Chairman	2	Director	$0	$0	$0
Tiffany Saraceno	Director	2	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	$4,844,566	$3,851,740	$87,577,481	$992,826
2022	$3,477,085	$3,035,359	$83,344,024	$441,726
2021	$3,596,743	$2,724,346	$85,083,361	$872,397
2020	$3,581,169	$3,232,708	$74,564,135	$348,461
2019	$3,372,726	$3,005,535	$66,609,146	$367,191
2018	$3,043,052	$2,938,384	$63,597,844	$104,668

CREDIT UNIONS IN THE STATE OF WASHINGTON