PATELCO CREDIT UNION (EIN 940755684) - 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

ERIN M MENDEZ

Phone

8003588228

Tax Period

2024-01-01 to 2024-12-31

PATELCO CREDIT UNION, founded in 1936, is a major nonprofit that reported $527.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO BUILD OUR MEMBERS' FINANCIAL HEALTH AND WELLBEING.

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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 $377,340,780

Investment Income $132,949,749

Other Revenue $17,247,982

TOTAL REVENUE $527,538,511

Expense Breakdown

Grants Paid $365,545

Salaries & Benefits $113,284,039

Fundraising Expenses $0

Other Expenses $407,683,853

TOTAL EXPENSES $521,333,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,538,511	$445,084,380	+0.2%
Expenses	$521,333,437	$372,513,460	+0.4%
Net Income	$6,205,074	$72,570,920	-0.9%

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

851

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

$2,557,462

Total Directors

$1,877,977

Key Employees

$4,838,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE RIVERA	CHAIRPERSON/DIRECTOR	5.00	Officer Director	$0	$0	$0
VICKIE RATH	TREASURER/DIRECTOR	5.00	Officer Director	$0	$0	$0
TRACEY SCOTT	SECRETARY/DIRECTOR	5.00	Officer Director	$0	$0	$0
ROBERT MCCORMISH	DIRECTOR	5.00	Director	$0	$0	$0
RACE CHEN	DIRECTOR (ENDED 5/1/24)	5.00	Director	$0	$0	$0
PETER HANELT	DIRECTOR	5.00	Director	$0	$0	$0
COLLEEN CABEY	DIRECTOR	5.00	Director	$0	$0	$0
DEBBIE CHAW	2ND VICE CHAIR/DIRECTOR	5.00	Officer Director	$0	$0	$0
GARICK ZILLGITT	1ST VICE CHAIR/DIRECTOR	5.00	Officer Director	$0	$0	$0
JEFFREY PARKS	DIRECTOR	5.00	Director	$0	$0	$0
ERIN MENDEZ	PRESIDENT/CEO/DIRECTOR	40.00	Officer Director	$1,570,994	$306,983	$1,877,977
MANUEL ARENS	DIRECTOR (AS OF 5/1/24)	5.00	Director	$0	$0	$0
ROLLAND JURGENS	CHIEF FINANCIAL OFFICER	40.00	Officer	$624,194	$55,291	$679,485
ARMAND ABHARI	SVP, OPERATIONS	40.00	Key Emp	$348,236	$39,974	$388,210
AMEET SETH	SVP, DELIVERY	40.00	Key Emp	$433,526	$51,843	$485,369
SUSAN MAKRIS	CHIEF PEOPLE OFFICER	40.00	Key Emp	$533,536	$388,438	$921,974
MELISSA MORGAN	CHIEF RETAIL OFFICER	40.00	Key Emp	$587,891	$379,378	$967,269
KALYAN MAJMUNDAR	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$576,334	$50,881	$627,215
MITSUHO WADA	CHIEF LENDING OFFICER	40.00	Key Emp	$610,765	$341,393	$952,158
AJU ASAR	SVP, STRATEGY AND PLANNING	40.00	Key Emp	$448,050	$48,610	$496,660
YEN PHAM	EXTERNAL HOME LOAN CONSULTANT	40.00	Highest	$1,004,618	$35,703	$1,040,321
EMMANUEL PABLO	FINANICAL ADVISOR III	40.00	Highest	$1,518,446	$55,291	$1,573,737
MANINDER JOHAL	EXTERNAL HOME LOAN CONSULTANT	40.00	Highest	$531,312	$26,530	$557,842
DAVID FONG	SVP, INTERNAL AUDIT (ENDED 12/2024)	40.00	Highest	$532,232	$51,866	$584,098
ANGELA JEFFERS	SVP, GENERAL COUNSEL	40.00	Highest	$573,289	$36,168	$609,457

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	$527,538,511	$521,333,437	$9,414,390,000	$6,205,074
2023	$445,084,380	$372,513,460	$9,714,731,000	$72,570,920
2022	$314,717,655	$243,406,109	$9,073,686,000	$71,311,546
2021	$276,202,116	$220,010,224	$9,047,982,000	$56,191,892
2020	$278,445,780	$247,581,568	$8,433,823,239	$30,864,212
2019	$299,706,510	$234,831,465	$7,290,342,964	$64,875,045
2018	$264,823,443	$199,301,098	$6,592,553,961	$65,522,345
2018	$264,823,443	$199,301,098	$6,592,553,961	$65,522,345

PATELCO CREDIT UNION