CREDIT UNIONS IN THE STATE OF WASHINGTON PEAK CREDIT UNION (EIN 910440744) - 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

1937

Legal Domicile

Principal Officer

DAVID TUYO

Phone

8002583115

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON PEAK CREDIT UNION, founded in 1937, is a major nonprofit that reported $318.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $292.4M left a modest 8% surplus.

Mission

INVEST IN PEOPLE, CHAMPION SUCCESS!

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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 $297,205,766

Investment Income $21,246,134

Other Revenue $185,100

TOTAL REVENUE $318,637,000

Expense Breakdown

Grants Paid $1,657,467

Salaries & Benefits $106,289,853

Fundraising Expenses $0

Other Expenses $124,744,452

TOTAL EXPENSES $292,369,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,637,000	$237,650,989	+0.3%
Expenses	$292,369,538	$205,361,196	+0.4%
Net Income	$26,267,462	$32,289,793	-0.2%

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

984

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

$9,790,567

Total Directors

$164,056

Key Employees

$7,552,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RAINWATER	CHAIR (UNTIL 3/27/2024)	1.00	Director	$14,088	$0	$14,088
THOMAS PETTUS-CZAR	CHAIR (EFFECTIVE 3/27/2024)	1.00	Officer Director	$15,015	$0	$15,015
RON HASTIE	VICE CHAIR (UNTIL 3/27/2024)	1.00	Director	$13,658	$0	$13,658
KIM MARTIN	VICE CHAIR (EFFECTIVE 3/27/2024)	1.00	Officer Director	$13,183	$0	$13,183
MARK NEARY	SECRETARY (EFFECTIVE 3/27/2024)	1.00	Officer Director	$12,598	$0	$12,598
JON RUIZ	AT LARGE	1.00	Director	$14,053	$0	$14,053
BRAD ANDERSON	DIRECTOR	1.00	Director	$10,255	$0	$10,255
BARBARA BLACKMORE	DIRECTOR	1.00	Director	$10,302	$0	$10,302
DONNA FELICIANO	DIRECTOR	1.00	Director	$12,873	$0	$12,873
BRIAN HURLEY	DIRECTOR	1.00	Director	$12,261	$0	$12,261
JENA MILLER	DIRECTOR	1.00	Director	$16,871	$0	$16,871
DARCY PHILLIPS	DIRECTOR (EFFECTIVE 6/26/2024)	1.00	Director	$7,500	$0	$7,500
GAYLA GJERTSEN	DIRECTOR	1.00	Director	$5,468	$0	$5,468
RICHARD LEUNG	DIRECTOR	1.00	Director	$5,931	$0	$5,931
JEFF KENNEDY	CEO/TREASURER	40.00	Officer	$5,897,502	$66,064	$5,963,566
JOHN IGLESIAS	PRESIDENT	40.00	Officer	$3,225,161	$58,840	$3,284,001
KIMBERLY STEEPY	CHIEF FINANCIAL OFFICER	40.00	Officer	$437,430	$64,774	$502,204
KYNDAL HARRIS	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$332,728	$7,013	$339,741
TAMMY TEETER	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$366,994	$63,541	$430,535
CHERYL CROW	CHIEF REVENUE OFFICER	40.00	Key Emp	$418,611	$59,311	$477,922
KENNETH MYHRA	CHIEF DIGITAL & PAYMENTS OFFICER	40.00	Key Emp	$395,075	$61,919	$456,994
ALAN PITCHER	CHIEF INFORMATION OFFICER	40.00	Key Emp	$403,282	$43,373	$446,655
KENNETH KENDO SANTOS	CHIEF RISK OFFICER	40.00	Key Emp	$364,325	$51,056	$415,381
JEFFREY YODER	CHIEF ACCOUNTING OFFICER	40.00	Key Emp	$366,759	$56,210	$422,969
DEBRA GILDNER	VP OF ACCOUNTING & FINANCE	40.00	Key Emp	$288,047	$61,361	$349,408
PATRICE KRUGER	VP OF CHANNEL SERVICES	40.00	Key Emp	$288,009	$59,037	$347,046
RACARDO MCLAUGHLIN	VP OF MORTGAGE LENDING	40.00	Key Emp	$300,361	$59,319	$359,680
JAMIE MULLENIX	VP OF ORGANIZATIONAL DEVELOPMENT	40.00	Key Emp	$244,900	$48,371	$293,271
CASEY RIES	VP OF INTERNAL AUDIT	40.00	Key Emp	$284,426	$44,207	$328,633
DIANE SOKOLIK	VP OF CONSUMER LENDING	40.00	Key Emp	$244,399	$54,778	$299,177
SHERWIN WRAY	VP OF INVESTMENT SERVICES	40.00	Key Emp	$261,903	$38,351	$300,254
JENNIFER ADAMS	VP OF PEOPLE & CULTURE	40.00	Key Emp	$265,949	$47,128	$313,077
TERRY HAGIO	VP OF TECHNOLOGY SERVICES & SOLUTIONS	40.00	Key Emp	$292,740	$49,697	$342,437
MATTHEW WADE	VP OF RESIDENTIAL LENDING	40.00	Key Emp	$280,534	$48,870	$329,404
GEORGE WILLIAMS	VP OF TECH OPERATIONS & INFORMATION SECURITY	40.00	Key Emp	$276,865	$55,294	$332,159
AARON PALMER	CHIEF REVENUE OFFICER	40.00	Key Emp	$609,568	$58,821	$668,389
LAURIE KRESL	VP OF MARKETING	40.00	Key Emp	$261,715	$37,153	$298,868
KATE LANGE	SENIOR INVESTMENT SERVICES ADVISOR	40.00	Highest	$289,792	$56,890	$346,682
TODD DIETMEYER	SENIOR INVESTMENT SERVICES ADVISOR	40.00	Highest	$283,520	$45,745	$329,265
CANDICE INSKEEP	DIRECTOR OF BUSINESS SERVICES	40.00	Highest	$260,953	$57,330	$318,283
LOREN CAMP	FINANCIAL ADVISOR	40.00	Highest	$249,362	$53,028	$302,390
MICHELLE LYNN	VP OF RISK MANAGEMENT	40.00	Highest	$253,417	$38,342	$291,759

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	$318,637,000	$292,369,538	$4,269,782,992	$26,267,462
2023	$237,650,989	$205,361,196	$4,200,889,028	$32,289,793
2022	$119,511,993	$93,765,436	$2,252,123,510	$25,746,557
2021	$102,241,429	$83,435,805	$2,172,440,238	$18,805,624
2020	$104,901,205	$91,268,769	$1,846,725,050	$13,632,436
2019	$101,789,023	$83,248,853	$1,453,256,981	$18,540,170
2018	$92,302,486	$75,591,890	$1,361,270,011	$16,710,596

CREDIT UNIONS IN THE STATE OF WASHINGTON PEAK CREDIT UNION