EXCITE CREDIT UNION (FKA ALLIANCE … - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

BRIAN DORCY

Phone

4082657322

Tax Period

2024-01-01 to 2024-12-31

EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION), founded in 1952, is a mid-sized nonprofit that reported $38.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $49.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

EXCITE CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, EXCITE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT.

Program 2

ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS.

Program 3

MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS.

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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 $34,080,074

Investment Income $4,074,943

Other Revenue $144,322

TOTAL REVENUE $38,299,339

Expense Breakdown

Grants Paid $657,075

Salaries & Benefits $14,412,965

Fundraising Expenses $0

Other Expenses $33,915,748

TOTAL EXPENSES $48,985,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,299,339	$40,865,548	-0.1%
Expenses	$48,985,788	$38,489,692	+0.3%
Net Income	$-10,686,449	$2,375,856	-5.5%

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

144

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

$506,656

Total Directors

Key Employees

$358,080

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA RHODY	CHAIRPERSON	1.00	Director	$0	$0	$0
ALAN HANSEN	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
RALPH FINELLI	BOARD SECRETARY	1.00	Director	$0	$0	$0
SURYA TURAGA	BOARD TREASURER	1.00	Director	$0	$0	$0
SHANA BARCLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ALUMBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS EKREN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
COLIN HACKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE UHRI	SUPV CMTE CHAIRPERSON	1.00	Director	$0	$0	$0
GRAYSON LYNCH	SUPV CMTE SECRETARY	1.00	Director	$0	$0	$0
DEVIN MCALPINE	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
LAURA GOLDING	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
DEEPJA BANSAL	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
BRIAN DORCY	PRESIDENT/CEO	40.00	Officer	$456,271	$50,385	$506,656
DEBORAH SUNDERMAN	EXECUTIVE VP	40.00	Key Emp	$297,748	$60,332	$358,080
RICHARD WALTER	SVP, RETAIL EXPERIENCE	40.00	Highest	$100,566	$3,078	$103,644
JACKIE HOWARD	VP, LENDING	40.00	Highest	$215,880	$49,238	$265,118
KELLY BURKE	VP, OPERATIONS	40.00	Highest	$221,221	$28,751	$249,972
ALEXIS HOANG	VP, TECHNOLOGY SOLUTIONS	40.00	Highest	$195,735	$53,315	$249,050
HECTOR ESPINOZA	VP, RISK MANAGEMENT	40.00	Highest	$177,573	$19,432	$197,005

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
2024	$38,299,339	$48,985,788	$625,719,041	$-10,686,449
2023	$40,865,548	$38,489,692	$702,664,031	$2,375,856
2022	$32,546,340	$28,915,227	$720,500,856	$3,631,113
2021	$27,386,737	$25,384,887	$666,115,500	$2,001,850
2020	$28,980,744	$28,375,083	$624,175,711	$605,661
2019	$38,710,731	$26,221,562	$513,820,756	$12,489,169

EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION)