THE POLICE CREDIT UNION OF CALIFORNIA (EIN 941278209) - 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

1953

Legal Domicile

Principal Officer

EDDIE YOUNG

Phone

4155643800

Tax Period

2023-01-01 to 2023-12-31

THE POLICE CREDIT UNION OF CALIFORNIA, founded in 1953, is a mid-sized nonprofit that reported $41.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $46.0M exceeded revenue, resulting in a 11% operating deficit.

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 $34,089,515

Investment Income $7,407,302

Other Revenue $0

TOTAL REVENUE $41,496,817

Expense Breakdown

Grants Paid $17,233

Salaries & Benefits $17,885,376

Fundraising Expenses $0

Other Expenses $28,112,855

TOTAL EXPENSES $46,015,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,496,817	$36,091,667	+0.1%
Expenses	$46,015,464	$37,401,750	+0.2%
Net Income	$-4,518,647	$-1,310,083	+2.4%

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

152

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

$1,024,260

Total Directors

Key Employees

$2,399,767

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GOLDBERG	CHAIRMAN	1.00	Director	$0	$0	$0
MICHELLE JEAN	VICE CHAIR	1.00	Director	$0	$0	$0
STEVE TACCHINI	BOARD SECRETARY	1.00	Director	$0	$0	$0
CROCE A CASCIATO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HEBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN R SYLVESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MUNA BUSAILAH	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE YOUNG	PRESIDENT/CEO	56.00	Officer	$622,221	$32,393	$654,614
MICHAEL BARE	CFO	56.00	Officer	$328,965	$40,681	$369,646
DEIRDRE CLOHERTY	COO	56.00	Key Emp	$305,015	$23,831	$328,846
CHRISTOPHER MICHALAK	CLO	56.00	Key Emp	$243,506	$27,186	$270,692
SYED HOSSAIN	VP INFORMATION TECHNOLOGY	56.00	Key Emp	$235,458	$7,107	$242,565
KATHLEEN GRAHAM	SVP/MARKETING	56.00	Key Emp	$227,465	$29,335	$256,800
NICOLE POOLE	VP REAL ESTATE	56.00	Key Emp	$216,658	$30,257	$246,915
MICHAEL MASTERS	VP BUSINESS APPLICATION SERVICE	40.00	Key Emp	$209,591	$23,249	$232,840
SUSAN KIRK	VP BUSINESS APPLICATION SERVICE	40.00	Key Emp	$193,189	$15,726	$208,915
NATALIE SIGNORELLI	VP TALENT & ORGANIZATION DEVELOPMENT	40.00	Key Emp	$194,629	$15,227	$209,856
KYMBERLI ROBERTS	VP MEMBER EXPERIENCE	40.00	Key Emp	$192,498	$22,085	$214,583
DARLENE HONG	VP MEMBER DEVELOPMENT	40.00	Key Emp	$177,052	$10,703	$187,755
PATRICK CHIN	SR INFASTRUCTURE MANAGER	40.00	Highest	$168,991	$34,327	$203,318
VICTOR TO	SR SECURITY ARCHITECT	40.00	Highest	$178,411	$13,807	$192,218
THOMAS HUGHES	AVP RISK MANAGEMENT	40.00	Highest	$179,049	$21,517	$200,566
JESSICA NUGENT	RE OPERATIONS MANAGER	40.00	Highest	$180,394	$14,325	$194,719
SIMON LIU	AVP RETAIL	40.00	Highest	$170,059	$21,353	$191,412

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	$41,496,817	$46,015,464	$1,077,109,877	$-4,518,647
2022	$36,091,667	$37,401,750	$1,093,871,725	$-1,310,083
2021	$39,832,693	$35,789,766	$1,147,295,008	$4,042,927
2020	$37,025,678	$36,768,774	$1,072,229,522	$256,904
2019	$39,849,975	$33,612,382	$937,699,327	$6,237,593

THE POLICE CREDIT UNION OF CALIFORNIA