CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 910722603) - 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

1958

Legal Domicile

Principal Officer

SCOTT PRIOR

Phone

3603076400

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1958, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 12% surplus.

Mission

CONNECTION CREDIT UNION PROVIDES EACH MEMBER OF OUR LOCAL COOPERATIVE FAMILY, INCLUDING THOSE UNDERSERVED BY LARGER INSTITUTIONS, WITH PERSONALIZED FINANCIAL AND EDUCATION SERVICES, ENSURING ALL OUR MEMBERS HAVE THE TOOLS FOR FINANCIAL SUCCESS.

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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 $2,336,595

Investment Income $119,645

Other Revenue $43,522

TOTAL REVENUE $2,499,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $994,170

Fundraising Expenses $0

Other Expenses $1,213,536

TOTAL EXPENSES $2,207,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,499,762	$2,205,396	+0.1%
Expenses	$2,207,706	$1,795,429	+0.2%
Net Income	$292,056	$409,967	-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

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

$154,361

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS BEAR	BOARD CHAIR	1.00	Director	$0	$0	$0
JAMES ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI ROBNETT	SECRETARY	1.00	Director	$0	$0	$0
ALLISON SATTER	VICE CHAIR	1.00	Director	$0	$0	$0
DENA SWISHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JOGERST	DIRECTOR	1.00	Director	$0	$0	$0
GERRIT TULP	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PRIOR	PRESIDENT & CEO	50.00	Officer	$125,465	$28,896	$154,361

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	$2,499,762	$2,207,706	$39,750,135	$292,056
2022	$2,205,396	$1,795,429	$40,744,861	$409,967
2021	$1,891,771	$1,662,290	$41,833,956	$229,481
2020	$1,843,449	$1,621,276	$35,835,386	$222,173
2019	$1,856,164	$1,745,543	$30,742,623	$110,621
2018	$1,821,175	$1,726,856	$29,187,892	$94,319

CREDIT UNIONS IN THE STATE OF WASHINGTON