TACOMA LONGSHOREMEN CREDIT UNION (EIN 910760837) - 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

1963

Legal Domicile

Principal Officer

MARK MERRIMAN

Phone

2532722161

Tax Period

2023-01-01 to 2023-12-31

TACOMA LONGSHOREMEN CREDIT UNION, founded in 1963, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 4% surplus.

Mission

CREDIT UNION COOPERATIVE PROMOTING THRIFT AND OFFERING FINANCIAL 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 $1,300,820

Investment Income $1,856,936

Other Revenue $7,385

TOTAL REVENUE $3,165,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $818,849

Fundraising Expenses $0

Other Expenses $2,222,139

TOTAL EXPENSES $3,040,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,165,141	$2,687,551	+0.2%
Expenses	$3,040,988	$2,395,201	+0.3%
Net Income	$124,153	$292,350	-0.6%

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

$228,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLAND GUINN JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT DEYOUNG JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESA SAMMALISTO	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
LANCE ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SYROVATKA	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON SKIFFINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG CURRAN	SUPERVISORY CHAIR	1.00	Director	$0	$0	$0
ROBERT MCGHEE	SUPERVISORY MEMBER	1.00	Director	$0	$0	$0
DOUGLAS HASKINS	SUPERVISORY MEMBER	1.00	Director	$0	$0	$0
BRANDON DICKS	SUPERVISORY MEMBER	1.00	Director	$0	$0	$0
THOMAS KNUTSON	SUPERVISORY MEMBER	1.00	Director	$0	$0	$0
MARK MERRIMAN	CEO	45.00	Officer	$197,670	$30,726	$228,396

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	$3,165,141	$3,040,988	$120,774,414	$124,153
2022	$2,687,551	$2,395,201	$129,700,274	$292,350
2021	$2,894,550	$1,991,566	$129,585,444	$902,984
2020	$3,060,947	$2,000,581	$114,100,619	$1,060,366
2019	$2,912,559	$2,250,076	$102,370,096	$662,483
2018	$2,717,548	$2,023,356	$97,599,136	$694,192

TACOMA LONGSHOREMEN CREDIT UNION