GESA CREDIT UNION (EIN 910616262) - 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

1953

Legal Domicile

Principal Officer

DON C MILLER

Phone

5093783100

Tax Period

2024-01-01 to 2024-12-31

GESA CREDIT UNION, founded in 1953, is a major nonprofit that reported $331.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $296.8M left a modest 11% surplus.

Mission

GESA CREDIT UNION'S MISSION IS TO HELP MEMBERS PROSPER BY EMPOWERING OUR MEMBERS THROUGH FINANCIAL EDUCATION AND PROVIDING ACCESS TO A BROAD RANGE OF VALUED AND COST EFFECTIVE FINANCIAL PRODUCTS AND SERVICES.

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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 $295,610,628

Investment Income $35,629,748

Other Revenue $440,813

TOTAL REVENUE $331,681,189

Expense Breakdown

Grants Paid $689,851

Salaries & Benefits $80,706,140

Fundraising Expenses $0

Other Expenses $215,391,282

TOTAL EXPENSES $296,787,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,681,189	$290,386,834	+0.1%
Expenses	$296,787,273	$240,128,234	+0.2%
Net Income	$34,893,916	$50,258,600	-0.3%

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

1088

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

$5,167,291

Total Directors

$296,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG ANDREWS	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
JESSICA SCHNEIDER	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
BRETT SPOONER	BOARD SECRETARY	5.00	Officer Director	$23,750	$0	$23,750
BEN BASSON	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
ANDREW AUSTIN	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
BILL MELBERG	BOARD MEMBER & COMMITTEE CHAIR	5.00	Director	$28,500	$0	$28,500
GEOF GRIEBEL	BOARD CHAIR	5.00	Officer Director	$35,250	$0	$35,250
MARTIN VALADEZ TORRES	BOARD VICE CHAIR	5.00	Officer Director	$23,750	$0	$23,750
PETER SMITH	BOARD MEMBER & COMMITTEE CHAIR (THRU 4/2024)	5.00	Director	$14,407	$0	$14,407
ROBERT FOLLETT	BOARD MEMBER & COMMITTEE CHAIR	5.00	Director	$28,500	$0	$28,500
LINDA COWAN	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
MANUEL CHAVALLO	BOARD MEMBER	5.00	Director	$23,750	$0	$23,750
CHERYL ADAMSON	EVP OF LEGAL AND ADMINISTRATION	50.00	Officer	$342,427	$172,510	$514,937
CHERYL BROWN	EVP OF MEMBER SUPPORT & SERVICE	50.00	Officer	$360,528	$192,810	$553,338
KEVEN GRAY	EVP OF MEMBER FULFILLMENT/RETAIL	50.00	Officer	$366,837	$196,381	$563,218
KURT JOHNSON	CHIEF FINANCIAL OFFICER	50.00	Officer	$198,545	$31,644	$230,189
ANDREW CHUNG	CHIEF INFORMATION OFFICER	50.00	Officer	$302,453	$177,434	$479,887
DON C MILLER	PRESIDENT/CEO	50.00	Officer	$2,126,279	$616,693	$2,742,972
SCOTT BLEEKER	SR COMMERCIAL LOAN OFFICER	40.00	Highest	$290,297	$59,050	$349,347
GREGORY PARTCH	SR COMMERCIAL LOAN OFFICER	40.00	Highest	$289,677	$33,185	$322,862
RICHARD FISHER	AVP COMMERCIAL MANAGER/TEAM LEADER	40.00	Highest	$360,163	$24,515	$384,678
SUNWAN SHON	SBA SALES MANAGER/TEAM LEADER	40.00	Highest	$363,895	$46,871	$410,766
BENJAMIN RUTLEDGE	VP OF COMMERCIAL SERVICES	40.00	Highest	$598,601	$99,255	$697,856

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	$331,681,189	$296,787,273	$5,629,623,348	$34,893,916
2023	$290,386,834	$240,128,234	$5,461,068,630	$50,258,600
2022	$219,180,132	$189,685,535	$5,594,015,267	$29,494,597
2021	$209,714,546	$161,009,818	$4,984,415,562	$48,704,728
2020	$215,777,821	$174,485,285	$4,378,026,879	$41,292,536
2019	$158,261,787	$129,551,454	$3,684,580,440	$28,710,333
2018	$108,864,841	$90,935,272	$2,059,209,952	$17,929,569

GESA CREDIT UNION