Olympia, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1985, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 25% operating margin.
To provide services to members mandated in the Credit Union Act and Charter, including providing members the opportunity to assist other members.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,321,180 | $6,400,206 | +0.3% |
| Expenses | $6,263,292 | $4,688,670 | +0.3% |
| Net Income | $2,057,888 | $1,711,536 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Charles Thompson | CEO | 45 |
Officer
|
$193,699 | $45,499 | $239,198 |
| Casey Smith | Senior Loan Officer | 45 |
Key Emp
|
$173,460 | $30,648 | $204,108 |
| Teresa Carlson | Accounting/Operations Manager | 45 |
Key Emp
|
$168,325 | $29,709 | $198,034 |
| Brian Bahs | Former CEO | 0 |
|
$191,415 | $0 | $191,415 |
| Brandon Dunnaback | Loan Officer | 45 |
Highest
|
$119,847 | $36,149 | $155,996 |
| Chad Yerrington | Loan Officer | 45 |
Highest
|
$130,305 | $23,126 | $153,431 |
| Greg Horsley | Board Treasurer/Board Chair | 1 |
Director
|
$0 | $0 | $0 |
| Roger Smith | Board Vice Chair | 1 |
Director
|
$0 | $0 | $0 |
| Edward Gould | Board Member/Director/Treas/Sec | 1 |
Director
|
$0 | $0 | $0 |
| Blair Stadin | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Rob Allen | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Kylie Pegoraro | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Tim Eastman | Board Member/Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,321,180 | $6,263,292 | $125,915,543 | $2,057,888 |
| 2023 | $6,400,206 | $4,688,670 | $121,032,916 | $1,711,536 |
| 2022 | $4,805,728 | $2,663,722 | $103,660,940 | $2,142,006 |
| 2021 | $4,788,841 | $2,467,893 | $91,827,207 | $2,320,948 |
| 2020 | $4,786,857 | $2,496,520 | $90,424,491 | $2,290,337 |
| 2019 | $4,085,579 | $2,487,456 | $79,186,677 | $1,598,123 |
| 2018 | $3,630,508 | $1,945,839 | $77,296,151 | $1,684,669 |
Compare CREDIT UNIONS IN THE STATE OF WASHINGTON with other nonprofits in Washington and across the country.