SCHOOLS FINANCIAL CREDIT UNION (EIN 941189841) - 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

1933

Legal Domicile

Principal Officer

TIMOTHY MARRIOTT

Phone

9165695400

Tax Period

2019-01-01 to 2019-12-31

SCHOOLS FINANCIAL CREDIT UNION, founded in 1933, is a major nonprofit that reported $101.3M in total revenue in fiscal year 2019. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $32.0M, a strong 32% operating margin.

Mission

TO PROVIDE MEMBERS WITH BETTER VALUE AND OUTSTANDING SERVICE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $88,033,996

Investment Income $12,757,155

Other Revenue $470,674

TOTAL REVENUE $101,261,825

Expense Breakdown

Grants Paid $43,655

Salaries & Benefits $27,295,989

Fundraising Expenses $0

Other Expenses $41,915,219

TOTAL EXPENSES $69,254,863

Year-over-Year Comparison

	2019	2018	Change
Revenue	$101,261,825	$86,424,376	+0.2%
Expenses	$69,254,863	$58,817,005	+0.2%
Net Income	$32,006,962	$27,607,371	+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

390

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

$1,990,009

Total Directors

$2,338

Key Employees

$545,253

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE B SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
TERESA MATISTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS SATO	TREASURER	1.00	Officer Director	$0	$0	$0
DOLORES BLEEKMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LUTHER NOLEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILIO MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR THROUGH 9/19	1.00	Director	$2,338	$0	$2,338
TIMOTHY MARRIOTT	PRESIDENT/CEO	45.00	Officer	$826,080	$849,120	$1,675,200
TODD DEVOOGD	SVP FINANCE/CFO	45.00	Officer	$279,664	$35,145	$314,809
TOM KUANG	SVP INFORMATION SERVICES/CIO	40.00	Key Emp	$232,551	$32,322	$264,873
STEVE LANGLEY	SVP MEMBER SERVICES/CHIEF RETAIL OFFICER	40.00	Key Emp	$248,270	$32,110	$280,380
ERIN FRITZ	VP PAYMENT SYSTEMS	40.00	Highest	$177,352	$27,197	$204,549
CATHY GRIMES	VP MARKETING	40.00	Highest	$202,192	$22,394	$224,586
LISA MACKAY	VP HUMAN RESOURCES AND COM	40.00	Highest	$208,652	$21,916	$230,568
ERIK SORDAHL	VP CONSUMER LENDING	40.00	Highest	$200,491	$20,387	$220,878
JASON STILES	VP REAL ESTATE LENDING	40.00	Highest	$210,630	$29,375	$240,005

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
2019	$101,261,825	$69,254,863	No data	$32,006,962
2018	$86,424,376	$58,817,005	$1,988,079,825	$27,607,371

SCHOOLS FINANCIAL CREDIT UNION