Credit Union 1 (EIN 920021481) - 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

1982

Legal Domicile

Phone

9073399485

Tax Period

2024-01-01 to 2024-12-31

Credit Union 1, founded in 1982, is a major nonprofit that reported $100.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $86.6M left a modest 14% surplus.

Mission

HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE.

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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 $85,046,534

Investment Income $11,817,078

Other Revenue $3,834,981

TOTAL REVENUE $100,698,593

Expense Breakdown

Grants Paid $32,950

Salaries & Benefits $36,218,200

Fundraising Expenses $0

Program Expenses $0

Other Expenses $50,386,959

TOTAL EXPENSES $86,638,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,698,593	$92,423,998	+0.1%
Expenses	$86,638,109	$83,312,210	+0.0%
Net Income	$14,060,484	$9,111,788	+0.5%

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

489

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

$2,149,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE HORTON	DIRECTOR	1.0	Director	$0	$0	$0
COLIN BAXTER	TREASURER	1.0	Director	$0	$0	$0
JENNIFER BERNARD	VICE CHAIR	1.0	Director	$0	$0	$0
JOE TOWSLEE	DIRECTOR	1.0	Director	$0	$0	$0
MARIETTA ED HALL	SECRETARY	1.0	Director	$0	$0	$0
STEVEN CAVIN	CHAIR	1.0	Director	$0	$0	$0
YULIYA MITCHELL	DIRECTOR	1.0	Director	$0	$0	$0
ERIKA SMITH	COO	40.0	Officer	$296,735	$87,613	$384,348
JARRED W LANDRY	CLO	40.0	Officer	$84,156	$12,731	$96,887
KEITH BENNETT	CTO	40.0	Officer	$278,843	$95,927	$374,770
MARK BURGESS	PRESIDENT/CEO	40.0	Officer	$582,349	$129,890	$712,239
TINA NARRON	CLO	40.0	Officer	$112,472	$629	$113,101
TRAVIS C FRISK	CFO	40.0	Officer	$257,788	$210,716	$468,504
DEBORAH MANFRED	VP OF REAL ESTATE LENDING	40.0	Highest	$157,261	$54,245	$211,506
JENNIFER L CABASAG	AVP OF STRATEGIC INITIATIVES	40.0	Highest	$158,585	$71,840	$230,425
KERRY YOUNGREN	VP OF MARKETING AND COMMUNICATIONS	40.0	Highest	$178,095	$53,937	$232,032
STEVEN GREENBAUM	AVP OF ENTERPRISE SECURITY	40.0	Highest	$173,077	$91,465	$264,542
TYLER HASBROUCK	VP OF MEMBER EXPERIENCE	40.0	Highest	$187,838	$62,155	$249,993

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	$100,698,593	$86,638,109	$1,468,794,139	$14,060,484
2023	$92,423,998	$83,312,210	$1,519,582,740	$9,111,788
2022	$77,760,445	$66,519,887	$1,475,579,183	$11,240,558
2021	$70,736,844	$56,215,868	$1,468,974,903	$14,520,976
2020	$65,289,354	$58,760,833	$1,293,913,722	$6,528,521
2019	$68,611,533	$58,593,958	$1,090,013,655	$10,017,575
2018	$66,519,842	$57,627,444	$1,022,991,297	$8,892,398

Credit Union 1