SACRAMENTO CREDIT UNION (EIN 941530642) - 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

1935

Legal Domicile

Principal Officer

BHAVNESH MAKIN

Phone

9164446070

Tax Period

2024-01-01 to 2024-12-31

SACRAMENTO CREDIT UNION, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $39.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.5M, a strong 24% operating margin.

Mission

TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR 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 $27,790,325

Investment Income $11,522,572

Other Revenue $21,469

TOTAL REVENUE $39,334,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,971,112

Fundraising Expenses $0

Other Expenses $19,893,965

TOTAL EXPENSES $29,865,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,334,366	$29,216,353	+0.3%
Expenses	$29,865,077	$22,223,555	+0.3%
Net Income	$9,469,289	$6,992,798	+0.4%

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

124

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

$790,159

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARON BREWER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LES BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JIM CULLETON	DIRECTOR	1.00	Director	$0	$0	$0
ROSS HUGGINS	DIRECTOR	1.00	Director	$0	$0	$0
HERMAN LI	DIRECTOR	1.00	Director	$0	$0	$0
JUDY MCGARRY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE SOUTHWARD III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BHAVNESH MAKIN	PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$487,391	$38,250	$525,641
GLENDA KAISER	CHIEF FINANCIAL OFFICER	40.00	Officer	$228,515	$36,003	$264,518
TARIK ELDIN	DIRECTOR INVESTMENT SERVICES	40.00	Highest	$893,635	$50,554	$944,189
MICHAEL HASTINGS	FINANCIAL ADVISOR	40.00	Highest	$231,936	$36,006	$267,942
JULIE SHEPHERD	VP LENDING	40.00	Highest	$190,203	$24,962	$215,165
KARL GOIN	VP MARKETING	40.00	Highest	$168,384	$19,588	$187,972
ALETHA HICKEY	VP HUMAN RESOURCES	40.00	Highest	$153,649	$16,530	$170,179

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	$39,334,366	$29,865,077	$760,065,390	$9,469,289
2023	$29,216,353	$22,223,555	$806,115,615	$6,992,798
2022	$23,666,201	$17,547,846	$713,970,677	$6,118,355
2021	$22,206,265	$16,421,053	$686,832,962	$5,785,212
2020	$23,272,009	$16,427,770	$606,462,494	$6,844,239
2019	$22,005,987	$15,046,369	$498,944,488	$6,959,618
2018	$19,543,970	$13,532,256	$476,472,075	$6,011,714

SACRAMENTO CREDIT UNION