MARION AND POLK SCHOOLS CREDIT UNION (EIN 930465543) - 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

1935

Legal Domicile

Principal Officer

Mark Zook

Phone

5035880181

Tax Period

2023-01-01 to 2023-12-31

MARION AND POLK SCHOOLS CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $76.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.8M, a strong 18% operating margin.

Mission

Create and maintain long-term, mutually beneficial relationships with our members and our employees.

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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 $70,072,569

Investment Income $5,121,755

Other Revenue $834,291

TOTAL REVENUE $76,028,615

Expense Breakdown

Grants Paid $1,017,470

Salaries & Benefits $24,638,875

Fundraising Expenses $0

Program Expenses $62,208,074

Other Expenses $36,551,729

TOTAL EXPENSES $62,208,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,028,615	$64,626,460	+0.2%
Expenses	$62,208,074	$48,309,555	+0.3%
Net Income	$13,820,541	$16,316,905	-0.2%

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

391

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

$1,752,000

Total Directors

$173,698

Key Employees

$1,682,655

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Zook	President/CEO	50	Officer	$601,909	$11,550	$613,459
Traci Kendall	SVP Retail Operations	50	Key Emp	$514,250	$5,851	$520,101
Rachel Pross	Chief Operations Officer	50	Officer	$285,005	$10,605	$295,610
Scott Sadler	Chief People Officer	50	Officer	$275,475	$9,399	$284,874
Christopher Giles	Chief Experience Officer	50	Officer	$268,776	$10,605	$279,381
Toni Silbernagel	Chief Revenue Officer	50	Officer	$269,066	$9,610	$278,676
Charles Daiker	SVP Information Technology	50	Key Emp	$217,582	$8,259	$225,841
Christopher Federici	SVP Portfolio Banking	40	Highest	$209,646	$8,191	$217,837
Melvin Monroe	SVP Finance and Accounting	50	Key Emp	$207,528	$8,142	$215,670
Jennifer Winegar	VP of Commercial Services	40	Key Emp	$186,159	$5,461	$191,620
Ryan Stuart	Outbound Sales Supervisor	40	Highest	$180,268	$5,741	$186,009
Jake Stai	VP of Risk	40	Key Emp	$175,540	$7,050	$182,590
Cathy Ann Grimes	VP of Marketing	40	Highest	$172,693	$6,925	$179,618
Jeremy Deglow	SVP of Remote Delivery	40	Key Emp	$172,482	$6,459	$178,941
Tamara Mack	VP of Human Resources	40	Key Emp	$161,335	$6,557	$167,892
Brenton Paulsen	VP of Data Strategy	40	Highest	$152,543	$6,468	$159,011
Maciej Majewski	Senior Software Developer	40	Highest	$151,979	$5,445	$157,424
Joe Phillippay	Board Chair	2	Director	$24,814	$0	$24,814
Kathy Moore	Board Member	2	Director	$24,814	$0	$24,814
Judy Beebe	Board Member	2	Director	$24,814	$0	$24,814
Brant Wolf	Board Member	2	Director	$24,814	$0	$24,814
Jeff Antrican	Board Member	2	Director	$24,814	$0	$24,814
Tom Marks	Board Member	2	Director	$24,814	$0	$24,814
Travis Young	Board Member	2	Director	$24,814	$0	$24,814

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	$76,028,615	$62,208,074	$1,349,733,425	$13,820,541
2022	$64,626,460	$48,309,555	$1,267,542,136	$16,316,905
2021	$55,245,201	$42,850,929	$1,240,763,671	$12,394,272
2020	$53,643,884	$40,208,076	$1,044,818,705	$13,435,808
2019	$51,259,366	$38,475,363	$819,120,790	$12,784,003
2018	$45,062,653	$32,393,232	$745,587,945	$12,669,421

MARION AND POLK SCHOOLS CREDIT UNION