SPOKANE TEACHERS CREDIT UNION (EIN 910565128) - 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

Lindsey Myhre

Phone

5093261954

Tax Period

2024-01-01 to 2024-12-31

SPOKANE TEACHERS CREDIT UNION, founded in 1934, is a major nonprofit that reported $343.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

STCU is committed to maximizing the value of every financial relationship through cost-effective financial services consistent with cooperative principles, applicable legislation, and prudent management. STCU serves 286,244 members as of 12/31/24.

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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 $46,880

Program Service Revenue $316,594,162

Investment Income $26,598,512

Other Revenue $166,051

TOTAL REVENUE $343,405,605

Expense Breakdown

Grants Paid $1,908,686

Salaries & Benefits $100,810,353

Fundraising Expenses $0

Program Expenses $0

Other Expenses $169,928,754

TOTAL EXPENSES $339,361,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,405,605	$304,138,829	+0.1%
Expenses	$339,361,008	$258,870,399	+0.3%
Net Income	$4,044,597	$45,268,430	-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

1096

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

$6,449,345

Total Directors

$206,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ezra Eckhardt	President and CEO	40	Officer	$1,280,415	$254,304	$1,534,719
Lindsey Myhre	EVP & CFO	40	Officer	$611,903	$117,007	$728,910
Patricia Baughman	CDO	40	Officer	$400,308	$94,724	$495,032
Brian Read	Chief Growth Officer	40	Officer	$362,569	$90,220	$452,789
Brian Scott	CRO	40	Officer	$349,766	$85,879	$435,645
Marty Dickinson	CMO	40	Officer	$328,315	$102,071	$430,386
Scott Rabe	Senior Vice President	40	Officer	$323,389	$100,962	$424,351
Patricia Kelly	Senior Vice President	40	Officer	$321,225	$62,973	$384,198
Joseph Yetter	Senior Vice President	40	Officer	$287,532	$83,623	$371,155
Christopher Severin	Senior Vice President	40	Officer	$278,077	$78,703	$356,780
Angela Swenseid	Senior Vice President	40	Officer	$274,260	$69,771	$344,031
Robyn Galtieri	Senior Vice President	40	Officer	$278,493	$62,717	$341,210
William Lusk	Branch Wealth Advisor	40	Highest	$266,806	$44,661	$311,467
Nicole Tutt	Chief Information Security Officer	40	Highest	$242,048	$68,149	$310,197
Curt Fuller	Director of Commercial Business	40	Highest	$238,708	$64,773	$303,481
Melanie Shanks	Chief Internal Auditor	40	Highest	$243,030	$54,751	$297,781
Jeremy Long	Director of Digital & Product Solutions	40	Highest	$224,201	$55,332	$279,533
David Flood	CLO	40	Officer	$150,139	$0	$150,139
Steven Jones	Chairman	2	Director	$27,160	$0	$27,160
Chris Morlan	Director	2	Director	$18,099	$0	$18,099
Justin Botejue	Director	2	Director	$18,099	$0	$18,099
Jeff Perkins	Director	2	Director	$18,099	$0	$18,099
William DeReu	Director	2	Director	$18,099	$0	$18,099
Adriane Hanley	Vice Chairwoman	2	Director	$18,099	$0	$18,099
Catherine Brazil	Director	2	Director	$18,099	$0	$18,099
Mike Rennaker	Director	2	Director	$18,099	$0	$18,099
Kathryn Gores	Audit Chairwoman	2	Director	$14,925	$0	$14,925
Doris Sonntag	Director	2	Director	$12,183	$0	$12,183
Kevin Spohr	Supervisory Com	2	Director	$9,950	$0	$9,950
Lisa McCann	Supervisory Com	2	Director	$9,950	$0	$9,950
Wally Stanley	Director	2	Director	$5,916	$0	$5,916

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	$343,405,605	$339,361,008	$5,841,118,982	$4,044,597
2023	$304,138,829	$258,870,399	$5,788,274,678	$45,268,430
2022	$238,014,215	$178,994,388	$5,625,825,339	$59,019,827
2021	$204,900,448	$145,798,494	$4,949,789,010	$59,101,954
2020	$177,658,799	$143,453,247	$4,092,963,002	$34,205,552
2019	$160,340,375	$128,168,354	$3,290,019,279	$32,172,021
2018	$146,506,367	$114,585,858	$2,986,315,665	$31,920,509

SPOKANE TEACHERS CREDIT UNION