CENTRAL STATE CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA (EIN 940362029) - 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

1936

Legal Domicile

Principal Officer

ANNA LO

Phone

2094445311

Tax Period

2023-01-01 to 2023-12-31

CENTRAL STATE CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA, founded in 1936, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 11% surplus.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

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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 $6,693,178

Investment Income $2,413,681

Other Revenue $36,000

TOTAL REVENUE $9,142,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,392,836

Fundraising Expenses $0

Other Expenses $4,268,284

TOTAL EXPENSES $8,178,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,142,859	$8,378,360	+0.1%
Expenses	$8,178,851	$6,984,054	+0.2%
Net Income	$964,008	$1,394,306	-0.3%

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

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

$286,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA FRONTZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RICH GARCIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES KIEFER	TREASURER	1.00	Officer Director	$0	$0	$0
LORI OLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
EFRAIN AGUILAR	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LINGO	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN RUSSELL SR	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT M WAITE	PRESIDENT AND CEO (THRU 4/4/23)	40.00	Officer	$85,073	$0	$85,073
ANNA LO	PRESIDENT AND CEO	40.00	Officer	$85,185	$0	$85,185
BAYARDO RAMIREZ	CHIEF OPERATIONS OFFICER	40.00	Officer	$60,717	$2,697	$63,414
THOMAS BROWN	CHIEF INFORMATION OFFICER	40.00	Officer	$47,570	$4,931	$52,501
PATRICIA MURARIK	VP OF OPERATIONS (THRU 8/25/23)	40.00	Highest	$109,625	$7,655	$117,280
BENGINO MAGDALENO THRU 82523	VP OF INFORMATION SYSTEMS	40.00	Highest	$112,483	$12,861	$125,344

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	$9,142,859	$8,178,851	$228,943,528	$964,008
2022	$8,378,360	$6,984,054	$239,083,706	$1,394,306
2021	$7,219,372	$6,380,443	$247,800,145	$838,929
2020	$7,812,094	$6,741,798	$228,714,805	$1,070,296
2019	$9,632,589	$7,803,590	$201,115,851	$1,828,999
2018	$9,580,675	$7,919,804	$199,007,428	$1,660,871

CENTRAL STATE CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA