CREDIT UNIONS IN THE STATE OF WASHINGTON DBA EVERGREENDIRECT CREDIT UNION (EIN 910653710) - 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

1977

Legal Domicile

Principal Officer

JOHNPAUL MCGEE

Phone

3609437676

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON DBA EVERGREENDIRECT CREDIT UNION, founded in 1977, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

MAKING A DIFFERENCE THROUGH QUALITY SERVICE, VALUABLE PRODUCTS, AND FINANCIAL EDUCATION.

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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 $4,017,412

Investment Income $573,330

Other Revenue $79,754

TOTAL REVENUE $4,670,496

Expense Breakdown

Grants Paid $2,874

Salaries & Benefits $1,695,531

Fundraising Expenses $0

Other Expenses $2,927,739

TOTAL EXPENSES $4,626,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,670,496	$4,228,167	+0.1%
Expenses	$4,626,144	$3,734,522	+0.2%
Net Income	$44,352	$493,645	-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

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

$184,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE RICCHIO	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN NISPEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN GIRSCH	CHAIR OF BOARD	1.50	Officer Director	$0	$0	$0
AMY TIEMEYER	VICE CHAIR OF BOARD	1.00	Officer Director	$0	$0	$0
EARLENE FANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNPAUL MCGEE	PRESIDENT/CEO	40.00	Officer	$163,707	$21,282	$184,989

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	$4,670,496	$4,626,144	$76,251,466	$44,352
2022	$4,228,167	$3,734,522	$78,380,963	$493,645
2021	$3,690,516	$3,435,456	$83,901,128	$255,060
2020	$3,657,440	$3,507,935	$73,015,621	$149,505
2019	$4,233,394	$3,604,499	$57,692,586	$628,895
2018	$3,957,104	$3,577,612	$58,021,008	$379,492

CREDIT UNIONS IN THE STATE OF WASHINGTON DBA EVERGREENDIRECT CREDIT UNION