REDWOOD CREDIT UNION (EIN 941244186) - 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

1950

Legal Domicile

Principal Officer

BRETT MARTINEZ

Phone

8004797928

Tax Period

2024-01-01 to 2024-12-31

REDWOOD CREDIT UNION, founded in 1950, is a major nonprofit that reported $504.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $115.8M, a strong 23% operating margin.

Mission

PROVIDE FINANCIAL PRODUCTS AND SERVICES TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $422,197,724

Investment Income $81,671,698

Other Revenue $90,043

TOTAL REVENUE $503,959,465

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $109,930,094

Fundraising Expenses $0

Other Expenses $131,177,470

TOTAL EXPENSES $388,166,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,959,465	$423,001,934	+0.2%
Expenses	$388,166,858	$297,258,008	+0.3%
Net Income	$115,792,607	$125,743,926	-0.1%

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

1066

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

$6,414,267

Total Directors

Key Employees

$4,814,010

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M CHRISTINA RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HERRERIAS-JAMES	DIRECTOR	1.00	Director	$0	$0	$0
JIM OLMSTED	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JERI HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCGUIRK	DIRECTOR	1.00	Director	$0	$0	$0
GERADO MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB EYLER	CHAIR	1.00	Officer Director	$0	$0	$0
DEBRA WATTS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID GOUIN	DIRECTOR	1.00	Director	$0	$0	$0
ROD DOLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA WITTKE SCHAFFNER	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON COLLIER	EVP/CHIEF INFO OFFICER (THRU 03/24)	40.00	Officer	$163,268	$10,183	$173,451
KRISTEN MAHLMANN	EVP/CHIEF FINANCIAL OFFICER	40.00	Officer	$572,074	$155,158	$727,232
MISHEL KAUFMAN	EVP/CHIEF OP & RISK OFFICE	40.00	Officer	$595,329	$216,958	$812,287
ANTHONY HILDESHEIM	EVP/CHIEF ADMIN OFFICER	40.00	Officer	$1,016,297	$369,249	$1,385,546
RONALD FELDER	EVP/CHIEF LENDING OFFICER	40.00	Officer	$765,745	$228,469	$994,214
BRETT MARTINEZ	PRESIDENT/CEO	40.00	Officer	$1,801,884	$519,653	$2,321,537
PRITI CHATWANI	EXTERNAL MORTGAGE LOAN OFF	40.00	Key Emp	$353,020	$10,754	$363,774
STEPHEN WARD	SVP OF BUSINESS SERVICES	40.00	Key Emp	$327,672	$25,688	$353,360
ESTEBAN ZUNO	SVP/AUTO, INSURANCE & WEALTH	40.00	Key Emp	$364,033	$28,781	$392,814
TODD LINDEMANN	SVP/PAYMENTS	40.00	Key Emp	$381,010	$156,824	$537,834
DEIDRE HOLMES THOMPSON	SVP/MEMBER EXPERIENCE	40.00	Key Emp	$387,518	$179,464	$566,982
JOSEPH PEYTON	SVP OF IT	40.00	Key Emp	$344,277	$24,966	$369,243
THOMAS HUBERT	SVP/AUTO, INSURANCE & WEALTH (THRU 10/31/24)	40.00	Key Emp	$473,675	$144,767	$618,442
JENNIFER BOYLE	SVP/CONSUMER LENDING & LEN	40.00	Key Emp	$373,674	$129,237	$502,911
TIMOTHY BATES	SVP/ENTERPRISE RISK (THRU 10/04/24)	40.00	Key Emp	$355,467	$61,118	$416,585
MICHELLE ANDERSON	EVP/CHIEF LENDING OFFICER (THRU 6/24)	40.00	Key Emp	$638,827	$53,238	$692,065
NICOLE SCHAEFER	EXTERNAL MORTGAGE LOAN OFF	40.00	Highest	$843,714	$22,113	$865,827
JULIE LYNCH	WEALTH ADVISOR	40.00	Highest	$677,460	$22,295	$699,755
CLARK MATTHIESSEN	WEALTH ADVISOR	40.00	Highest	$460,723	$25,761	$486,484
KATHLEEN CHANG	EXTERNAL MORTGAGE LOAN OFF	40.00	Highest	$442,199	$14,210	$456,409
MICHAEL DEFAZIO	WEALTH ADVISOR	40.00	Highest	$1,053,262	$20,989	$1,074,251
KRISTINA DERKOS	FORMER SVP/PEOPLE (TERM 02/17/	40.00		$529,039	$6,640	$535,679

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	$503,959,465	$388,166,858	$9,109,279,837	$115,792,607
2023	$423,001,934	$297,258,008	$8,510,071,050	$125,743,926
2022	$304,586,101	$191,508,718	$7,527,506,599	$113,077,383
2021	$248,972,690	$149,763,590	$7,428,683,362	$99,209,100
2020	$238,749,924	$174,671,066	$6,235,157,465	$64,078,858
2019	$237,085,485	$147,851,363	$4,988,759,555	$89,234,122
2018	$215,541,935	$128,254,229	$4,454,112,489	$87,287,706

REDWOOD CREDIT UNION