NUMERICA CREDIT UNION (EIN 910863377) - 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

1937

Legal Domicile

Principal Officer

JOEL KELLER

Phone

5094627355

Tax Period

2024-01-01 to 2024-12-31

NUMERICA CREDIT UNION, founded in 1937, is a major nonprofit that reported $255.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $222.7M left a modest 13% surplus.

Mission

CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES.

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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 $230,374,562

Investment Income $24,864,422

Other Revenue $0

TOTAL REVENUE $255,238,984

Expense Breakdown

Grants Paid $861,189

Salaries & Benefits $81,876,874

Fundraising Expenses $0

Other Expenses $139,974,183

TOTAL EXPENSES $222,712,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,238,984	$225,568,834	+0.1%
Expenses	$222,712,246	$193,004,884	+0.2%
Net Income	$32,526,738	$32,563,950	0.0%

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

810

Volunteers

N/A

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

$3,388,891

Total Directors

$219,562

Key Employees

$4,631,450

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WES MORTENSEN	CHAIR	8.00	Officer Director	$33,616	$0	$33,616
YVONNE SMITH	VICE CHAIR	8.00	Officer Director	$24,798	$0	$24,798
SCOTT PLUMB	SECRETARY	8.00	Officer Director	$30,178	$0	$30,178
ADAM BENSON	DIRECTOR	8.00	Director	$18,604	$0	$18,604
SCOTT CLARK	DIRECTOR	8.00	Director	$14,212	$0	$14,212
RON HUPP	DIRECTOR	8.00	Director	$24,812	$0	$24,812
GLORIA OCHOA-BRUCK	DIRECTOR	8.00	Director	$15,746	$0	$15,746
CHRISTINA KAMKOSI	DIRECTOR	8.00	Director	$18,895	$0	$18,895
CHRIS MEYER	DIRECTOR	8.00	Director	$12,538	$0	$12,538
SUSAN NIELSEN	DIRECTOR	8.00	Director	$26,163	$0	$26,163
CARLA CICERO	PRESIDENT/CEO	40.00	Officer	$1,044,710	$18,387	$1,063,097
GREG HANSEN	CHIEF CREDIT OFFICER	40.00	Officer	$506,202	$43,791	$549,993
KELLEY FERGUSON	CHIEF ADMINISTRATION OFFICER	40.00	Officer	$550,794	$14,259	$565,053
BEN RICHARDSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$484,188	$21,060	$505,248
TRAVIS SIMPSON	CHIEF RETAIL & DIGITAL OFFICER	40.00	Officer	$590,919	$25,989	$616,908
KENNETH PLANK	EVP LENDING	40.00	Key Emp	$447,572	$13,432	$461,004
KIM PEARMAN-GILLMAN	SVP EQUITY & COMMUNITY DEVELOPMENT	40.00	Key Emp	$259,351	$14,005	$273,356
TROY CLUTE	SVP CONSUMER LENDING	40.00	Key Emp	$328,186	$20,570	$348,756
KAYCEE MURRAY	SVP INFORMATION TECHNOLOGY	40.00	Key Emp	$307,482	$23,015	$330,497
JOSHUA MELCHER	SVP OF BUSINESS SERVICES	40.00	Key Emp	$315,162	$17,848	$333,010
LINDSEY SKINFILL	SVP ORGANIZATIONAL PEOPLE POTENTIAL	40.00	Key Emp	$316,347	$17,772	$334,119
MARK FOX	SVP PAYMENTS, OPS & CASH MANAGEMENT	40.00	Key Emp	$295,187	$15,684	$310,871
KAREN WEIS	SVP RISK	40.00	Key Emp	$228,191	$10,806	$238,997
JENNIFER O'CALLAGHAN	SVP MARKETING	40.00	Key Emp	$297,443	$20,820	$318,263
NANCY ALMOND	NFS PRESIDENT	40.00	Key Emp	$298,582	$17,374	$315,956
JACLYN CLABBY	SVP ORGANIZATIONAL GENERAL COUNSEL	40.00	Key Emp	$308,399	$20,681	$329,080
ANDY STIRLING	SVP RETAIL EXPERIENCE	40.00	Key Emp	$306,981	$18,060	$325,041
RYAN BERNARD	SVP COMMERCIAL CREDIT & OPERATIONS	40.00	Key Emp	$259,351	$4,005	$263,356
JAMES NUMATA	SVP RISK	40.00	Key Emp	$183,838	$3,832	$187,670
NATHAN HICKMAN	SVP DIGITAL EXPERIENCE & ENGAGEMENT	40.00	Key Emp	$243,873	$17,601	$261,474
DAVID FITZMAURICE	SVP FINANCIAL TREASURER	40.00	Highest	$296,915	$5,223	$302,138
BRYCE CHAMBERLIN	VP PRIVATE BANKING	40.00	Highest	$271,447	$14,778	$286,225
DANIEL PEARSE	VP REGIONAL COMMERCIAL BANKING	40.00	Highest	$278,365	$22,903	$301,268
DANIEL REHM	VP COMMERCIAL BANKING	40.00	Highest	$255,881	$15,994	$271,875
AARON NORRIS	FINANCIAL ADVISOR	40.00	Highest	$503,282	$19,357	$522,639

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	$255,238,984	$222,712,246	$4,000,919,961	$32,526,738
2023	$225,568,834	$193,004,884	$3,929,763,160	$32,563,950
2022	$175,521,623	$139,888,212	$3,779,281,652	$35,633,411
2021	$166,990,031	$125,052,660	$3,458,949,167	$41,937,371
2020	$160,306,604	$133,480,963	$3,014,942,037	$26,825,641
2019	$148,810,386	$122,266,145	$2,515,014,678	$26,544,241
2018	$134,931,984	$110,049,878	$2,267,049,250	$24,882,106

NUMERICA CREDIT UNION