OUR COMMUNITY CREDIT UNION

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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

1941

Legal Domicile

Principal Officer

RYAN DRAKE

Phone

8004265657

Tax Period

2023-01-01 to 2023-12-31

OUR COMMUNITY CREDIT UNION, founded in 1941, is a mid-sized nonprofit that reported $32.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 20% operating margin.

Mission

OUR COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERATIVE. OUR MISSION IS TO SUSTAIN CONSISTENT GROWTH AND A STRONG FINANCIAL POSITION.-WE WILL TREAT ALL MEMBERS IN A DIGNIFIED, CARING MANNER.-WE WILL MANAGE OUR MEMBERS' BUSINESS CONFIDENTIALLY.-WE WILL PROVIDE OUR MEMBERS WITH CHOICES IN THE SERVICES WE OFFER.-WE WILL BUILD LASTING RELATIONSHIPS THROUGH CONSULTATION TO AID US IN HELPING MEET OUR MEMBERS' NEEDS.

Program Service Accomplishments

Program 1

OUR COMMUNITY CREDIT UNION PROVIDES FINANCIAL SERVICES INCLUDING DEPOSITS AND CONSUMER LENDING TO RESIDENTS OF WASHINGTON STATE AT LOCATIONS IN THE SOUTH SOUND AREA.

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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 $749,000

Program Service Revenue $19,244,653

Investment Income $11,873,951

Other Revenue $308,015

TOTAL REVENUE $32,175,619

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $9,988,569

Fundraising Expenses $0

Other Expenses $15,673,030

TOTAL EXPENSES $25,726,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,175,619	$25,930,481	+0.2%
Expenses	$25,726,599	$20,038,653	+0.3%
Net Income	$6,449,020	$5,891,828	+0.1%

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

125

Volunteers

N/A

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

$2,692,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SADIE HAWKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
CURTIS STRACKE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
PAUL WING	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY THOMASON	BOARD MEMBER	2.00	Director	$0	$0	$0
A ROY DUNN JR	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAY GLEB	BOARD VICE CHAIR	2.00	Director	$0	$0	$0
MARK MAGER	BOARD CHAIR	2.00	Director	$0	$0	$0
JULIE TUSON	ASSOCIATE MEMBER	2.00	Director	$0	$0	$0
BERT FISHER	PRESIDENT	60.00	Officer	$1,089,463	$770,932	$1,860,395
RYAN DRAKE	CEO	60.00	Officer	$174,635	$168,942	$343,577
ROBERT IHDE	CIO	60.00	Officer	$112,942	$16,354	$129,296
REID M MILLER	CFO	60.00	Officer	$101,852	$17,065	$118,917
STEPHANIE LYNN STEEN	COO	60.00	Officer	$120,108	$21,912	$142,020
GREGOR THEIS	CLO	60.00	Officer	$98,360	$67	$98,427
KRISTI A TEMPLETON	GRAYS HARBOR REGIONAL MANAGER	50.00	Highest	$117,150	$21,409	$138,559

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	$32,175,619	$25,726,599	$594,854,081	$6,449,020
2022	$25,930,481	$20,038,653	$590,462,520	$5,891,828
2021	$19,630,012	$17,346,343	$583,251,574	$2,283,669
2020	$19,503,517	$17,271,165	$501,755,520	$2,232,352
2019	$20,271,999	$16,764,314	$419,430,580	$3,507,685
2018	$19,228,008	$14,982,296	$400,102,670	$4,245,712