CREDIT UNIONS IN THE STATE OF CALIFORNIA FINANCIAL CENTER CREDIT UNION (EIN 941326959) - 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

1954

Legal Domicile

Principal Officer

MICHAEL DUFFY

Phone

2099486024

Tax Period

2021-01-01 to 2021-12-31

CREDIT UNIONS IN THE STATE OF CALIFORNIA FINANCIAL CENTER CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year. Expenses of $38.2M exceeded revenue, resulting in a 165% operating deficit.

Mission

TO PROVIDE CREDIT UNION SERVICE 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,674,639

Investment Income $3,684,434

Other Revenue $57,786

TOTAL REVENUE $14,416,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,437,383

Fundraising Expenses $0

Other Expenses $17,300,640

TOTAL EXPENSES $38,157,880

Year-over-Year Comparison

	2021	2020	Change
Revenue	$14,416,859	$17,698,004	-0.2%
Expenses	$38,157,880	$18,224,434	+1.1%
Net Income	$-23,741,021	$-526,430	+44.1%

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

113

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

$739,149

Total Directors

$739,149

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DUFFY	President & CEO	55.00	Officer Director	$667,326	$71,823	$739,149
NORA STROH	EXECUTIVE VP/COO	55.00		$232,976	$75,490	$308,466
STEVE LEIGA	VP ACCT & FIN	55.00		$204,126	$82,821	$286,947
AMANDA VERSTL	VP HR & ADMIN	55.00		$122,422	$23,841	$146,263
DAVID RAINWATER	VP OF INFORMATION	55.00		$102,756	$14,880	$117,636
LINH VO	CONTROLLER	55.00		$84,104	$26,879	$110,983
VALENCIA JONES	Director	1.00	Director	$0	$0	$0
KARYN JOHNSON	Director	1.00	Director	$0	$0	$0
EDWARD FIGUEROA	Director	1.00	Director	$0	$0	$0
MANUEL LOPEZ	Chairman	1.00	Director	$0	$0	$0

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
2021	$14,416,859	$38,157,880	No data	$-23,741,021
2020	$17,698,004	$18,224,434	$607,611,794	$-526,430
2019	$24,531,075	$21,036,384	$518,893,143	$3,494,691
2018	$24,501,786	$22,020,434	$496,617,823	$2,481,352

CREDIT UNIONS IN THE STATE OF CALIFORNIA FINANCIAL CENTER CREDIT UNION