CREDIT UNIONS IN THE STATE OF MOUNTAINCREST CREDIT UNION

EIN: 910596314

ARLINGTON, WA

Total Revenue
$7,731,884
Total Expenses
$5,347,652
Total Assets
$141,424,855
Net Assets
$17,092,722
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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
WA
Principal Officer
SUSAN WEBSTER
Phone
3604355400
Tax Period
2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF MOUNTAINCREST CREDIT UNION, founded in 1934, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 31% operating margin.

Mission

YOUR HOME FOR TRUSTED, SOUND FINANCIAL SERVICES WITH THAT PERSONAL TOUCH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,075,512
Investment Income $583,061
Other Revenue $73,311
TOTAL REVENUE $7,731,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,783,538
Fundraising Expenses $0
Other Expenses $3,564,114
TOTAL EXPENSES $5,347,652

Year-over-Year Comparison

2023 2022 Change
Revenue $7,731,884 $6,466,816 +0.2%
Expenses $5,347,652 $4,537,955 +0.2%
Net Income $2,384,232 $1,928,861 +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

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Governance

Voting Members
7
Independent Members
7
Employees
25
Volunteers
14

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
5
$331,760
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE LANDRE BOARD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SHIRLEY BRADFORD BOARD VICE-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DONALD HOLDRIDGE BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
PHIL MITCHELL BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN POWERS BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK GALLAGHER BOARD MEMBER 1.00
Director
$0 $0 $0
KELVIN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN WEBSTER CEO 40.00
Officer
$193,737 $20,349 $214,086
LINDSEY HARTELROAD CFO 40.00
Officer
$102,922 $14,752 $117,674
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 No data No data No data No data
2024 No data No data No data No data
2023 $7,731,884 $5,347,652 $141,424,855 $2,384,232
2022 $6,466,816 $4,537,955 $152,926,875 $1,928,861
2021 $5,272,408 $4,016,575 $147,035,795 $1,255,833
2020 $5,209,918 $4,221,789 $129,963,499 $988,129
2019 $5,053,258 $3,902,862 $105,836,375 $1,150,396
2018 $4,799,046 $3,748,053 $102,072,165 $1,050,993
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