O BEE CREDIT UNION (EIN 910639210) - 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

1955

Legal Domicile

Principal Officer

BRUCE CRAMER

Phone

3609430740

Tax Period

2023-01-01 to 2023-12-31

O BEE CREDIT UNION, founded in 1955, is a mid-sized nonprofit that reported $38.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $35.4M left a modest 7% surplus.

Mission

CREDIT UNION IN THE STATE OF WASHINGTON. PROVIDES FINANCIAL PRODUCTS AND SERVICES TO MEMBERS.

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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 $0

Program Service Revenue $35,447,822

Investment Income $2,650,603

Other Revenue $0

TOTAL REVENUE $38,098,425

Expense Breakdown

Grants Paid $51,000

Salaries & Benefits $13,349,385

Fundraising Expenses $0

Other Expenses $16,654,549

TOTAL EXPENSES $35,353,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,098,425	$27,675,853	+0.4%
Expenses	$35,353,263	$25,344,160	+0.4%
Net Income	$2,745,162	$2,331,693	+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

197

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

$1,179,765

Total Directors

Key Employees

$270,872

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COLLINS	CEO/TREASURER (THRU 8/21/23)	40.00	Officer	$725,280	$50,838	$776,118
DAVID ECHTLE	CHIEF LENDING OFFICER	40.00	Key Emp	$217,135	$53,737	$270,872
JENNIFER ROBERTS-ECHTLE	CHIEF OPERATIONS OFFICER	40.00	Officer	$215,424	$47,706	$263,130
LEE WOJNAR	CHIEF MARKETING OFFICER	40.00	Highest	$191,681	$57,085	$248,766
JEREMY FRANKLIN	MORTGAGE LOAN OFFICER	40.00	Highest	$193,632	$27,041	$220,673
DANIEL HILDRETH	FINANCIAL ANALYST	40.00	Highest	$183,480	$29,439	$212,919
BRYAN THOMAS	CHIEF HUMAN RESOURCES OFFICER	40.00	Highest	$179,730	$17,905	$197,635
DEBBIE SCOLES	CONTROLLER	40.00	Highest	$160,969	$18,718	$179,687
BRUCE CRAMER	INTERIM CEO (STARTED 8/7/23)	40.00	Officer	$114,186	$3,847	$118,033
MARTHA PRESTIN	CFO (STARTED 11/1/23)	40.00	Officer	$20,171	$2,313	$22,484
PRABAKARAN MANOHARAN	CHAIR	4.00	Officer Director	$0	$0	$0
JASON GORDON	CHAIR (THRU 7/19/23)	4.00	Officer Director	$0	$0	$0
CHRISTY KRIEGSMAN	1ST VICE CHAIR	4.00	Officer Director	$0	$0	$0
RYAN BEDFORD	2ND VICE CHAIR	4.00	Officer Director	$0	$0	$0
JOY JOHNSTON	2ND VICE CHAIR (THRU 8/15/23)	4.00	Officer Director	$0	$0	$0
BARRY MURRAY	DIRECTOR	4.00	Director	$0	$0	$0
CAROLYN CARUSO	DIRECTOR	4.00	Director	$0	$0	$0
DIANE BRANSON-UNWIN	DIRECTOR (THRU 7/19/23)	4.00	Director	$0	$0	$0
FRIEDA RAY	DIRECTOR	4.00	Director	$0	$0	$0
JUDITH WEEKS	DIRECTOR (THRU 8/15/23)	4.00	Director	$0	$0	$0
MICHELE FISHER	DIRECTOR (THRU 7/19/23)	4.00	Director	$0	$0	$0
WILFORD SAUNDERS	DIRECTOR	4.00	Director	$0	$0	$0
STEVE BLANKENSHIP	DIRECTOR	4.00	Director	$0	$0	$0

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	$38,098,425	$35,353,263	$602,933,268	$2,745,162
2022	$27,675,853	$25,344,160	$560,412,089	$2,331,693
2021	$26,640,017	$19,642,183	$467,137,296	$6,997,834
2020	$23,598,331	$21,505,274	$421,638,694	$2,093,057
2019	$22,730,800	$20,705,065	$333,001,857	$2,025,735
2018	$19,652,269	$16,876,941	$301,048,046	$2,775,328

O BEE CREDIT UNION