HAPO COMMUNITY CREDIT UNION (EIN 911792217) - 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

1953

Legal Domicile

Principal Officer

SCOTT MITCHELL

Phone

5099435676

Tax Period

2024-01-01 to 2024-12-31

HAPO COMMUNITY CREDIT UNION, founded in 1953, is a major nonprofit in the Unknown sector that reported $171.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $31.6M, a strong 18% operating margin.

Mission

HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO ITS MEMBERS, WITHOUT CAPITAL STOCK, ORGANIZED AND OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT. NET EARNINGS ARE RETAINED IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW.

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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 $153,582,432

Investment Income $16,701,086

Other Revenue $890,453

TOTAL REVENUE $171,173,971

Expense Breakdown

Grants Paid $616,582

Salaries & Benefits $49,635,093

Fundraising Expenses $0

Other Expenses $89,330,775

TOTAL EXPENSES $139,582,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,173,971	$155,133,528	+0.1%
Expenses	$139,582,450	$121,509,931	+0.1%
Net Income	$31,591,521	$33,623,597	-0.1%

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

622

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

$5,332,275

Total Directors

$218,104

Key Employees

$3,333,104

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TANNER	VICE CHAIRMAN	3.00	Officer Director	$32,150	$0	$32,150
KENNETH GALE	TREASURER	3.00	Officer Director	$27,587	$0	$27,587
WILLIAM CLARKE	DIRECTOR	2.00	Director	$25,187	$0	$25,187
RICHARD CUMMINS	SECRETARY	3.00	Officer Director	$26,400	$0	$26,400
KENNETH HOHENBERG	CHAIRMAN	5.00	Officer Director	$35,345	$0	$35,345
WILLIAM SARACENO	DIRECTOR	2.00	Director	$31,200	$0	$31,200
DOUG CARL	DIRECTOR	2.00	Director	$40,235	$0	$40,235
DOLORES BROESKE	SR VP/CEO (THRU 7/24)	40.00	Officer	$1,042,770	$51,967	$1,094,737
SCOTT MITCHELL	SR VP/CEO	40.00	Officer	$900,012	$135,782	$1,035,794
PAUL PEDERSEN	SR VP/CFO	40.00	Officer	$390,537	$143,999	$534,536
RUBY CAMPOS	SR VP/COO	40.00	Officer	$626,652	$61,180	$687,832
JESSICA GAUDREAULT	SR VP/CRO	40.00	Officer	$602,810	$64,932	$667,742
ASHLEY WARD	CHIEF INFORMATION OFFICER	40.00	Officer	$535,726	$49,689	$585,415
MARCUS HALL	CHIEF LENDING OFFICER	40.00	Officer	$508,749	$95,988	$604,737
MONTE DRAKE	VP OF COMMERCIAL SERVICES	40.00	Key Emp	$273,903	$29,281	$303,184
ERIC FUHRIMAN	VP OF INFORMATION SECURITY	40.00	Key Emp	$200,695	$43,338	$244,033
JEREMY O'NIEL	VP OF MARKETING	40.00	Key Emp	$267,394	$53,852	$321,246
JANEL MARINO	VP OF BRANCH MANAGEMENT/MEMBER EXPERIENCE	40.00	Key Emp	$222,809	$48,139	$270,948
NOEMY CORREA	VP OF BRANCH OPERATIONS	40.00	Key Emp	$225,374	$51,015	$276,389
NICOLE PRINCE	VP OF HUMAN RESOURCES	40.00	Key Emp	$220,111	$48,879	$268,990
JENIFER GATELEY	VP OF CARD SERVICES	40.00	Key Emp	$195,814	$44,301	$240,115
JASON LACHER	VP OF INFORMATION SYSTEMS	40.00	Key Emp	$275,150	$47,259	$322,409
ISELDA TORRES	VP OF ASSET RECOVERY	40.00	Key Emp	$180,300	$45,842	$226,142
AMBER WILLIAMS	VP OF LOAN SUPPORT AND SERVICING	40.00	Key Emp	$180,096	$41,477	$221,573
CRYSTAL CONTRERAS	VP OF COMMUNITY ENGAGEMENT	40.00	Key Emp	$159,081	$39,970	$199,051
ROBERT GALE	DIRECTOR OF COMMERCIAL SERVICES	40.00	Key Emp	$172,271	$44,122	$216,393
ROBERT STAFFORD	DIRECTOR OF FINANCE	40.00	Key Emp	$176,695	$45,936	$222,631
ROBERT CARTER	IT DISASTER RECOVERY AND DATA CENTER MANAGER	40.00	Highest	$190,636	$26,094	$216,730
AARON FOX	SOFTWARE ENGINEER MANAGER	40.00	Highest	$194,355	$46,542	$240,897
ROMELIA COCKRUM	DIRECTOR OF MORTGAGE	40.00	Highest	$174,132	$35,509	$209,641
JESSE WILSON	COMMERCIAL RELATIONSHIP MANAGER II	40.00	Highest	$171,483	$34,115	$205,598
DARROL FLUCKIGER	MORTGAGE UNDERWRITING MANAGER	40.00	Highest	$151,575	$41,936	$193,511
CAROLYN O'NEIL	FORMER SR VP/CDO	40.00		$125,734	$0	$125,734

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	$171,173,971	$139,582,450	$2,370,077,415	$31,591,521
2023	$155,133,528	$121,509,931	$2,368,391,971	$33,623,597
2022	$127,669,996	$107,775,616	$2,335,412,553	$19,894,380
2021	$118,353,811	$98,494,614	$2,255,622,236	$19,859,197
2020	$114,135,220	$103,750,750	$2,052,246,961	$10,384,470
2019	$114,009,744	$101,328,174	$1,799,616,112	$12,681,570
2018	$99,975,899	$90,120,451	$1,688,488,199	$9,855,448

HAPO COMMUNITY CREDIT UNION