TECHNOLOGY CREDIT UNION (EIN 941651781) - 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

1960

Legal Domicile

Principal Officer

TODD HARRIS

Phone

4084519111

Tax Period

2023-01-01 to 2023-12-31

TECHNOLOGY CREDIT UNION, founded in 1960, is a major nonprofit that reported $235.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $218.8M left a modest 7% surplus.

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 $201,781,629

Investment Income $32,926,101

Other Revenue $542,797

TOTAL REVENUE $235,250,527

Expense Breakdown

Grants Paid $29,623

Salaries & Benefits $53,685,365

Fundraising Expenses $0

Other Expenses $165,066,083

TOTAL EXPENSES $218,781,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,250,527	$196,279,690	+0.2%
Expenses	$218,781,071	$137,568,880	+0.6%
Net Income	$16,469,456	$58,710,810	-0.7%

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

369

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

$4,106,962

Total Directors

$1,208,556

Key Employees

$1,915,287

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAL BRENZEL	CHAIRMAN	3.00	Director	$12,102	$0	$12,102
BARBARA KAMM	VICE CHAIRMAN	3.00	Director	$12,449	$0	$12,449
KIRK BLOEDE	DIRECTOR	3.00	Director	$5,049	$0	$5,049
MADONNA BOLANO	DIRECTOR	3.00	Director	$13,145	$0	$13,145
KAREN BROCHIER	DIRECTOR	3.00	Director	$17,710	$0	$17,710
PETER DONAHOWER	DIRECTOR	3.00	Director	$5,694	$0	$5,694
ROBERT R HERB	DIRECTOR	3.00	Director	$16,581	$0	$16,581
DEEPTI JAGGI	DIRECTOR	3.00	Director	$0	$0	$0
SUNIL NAGDEV	DIRECTOR	3.00	Director	$2,947	$0	$2,947
CAROL MACKINLAY	DIRECTOR	3.00	Director	$0	$0	$0
JOE SHEPELA FORMER	DIRECTOR	3.00	Director	$9,548	$0	$9,548
JEFF LEE	SUPV CMTE CHAIRMAN	2.00	Director	$8,610	$0	$8,610
FIRASAT ALI	SUPV CMTE MEMBER	1.50	Director	$14,369	$0	$14,369
JESSICA CASSINELLI	SUPV CMTE MEMBER	1.50	Director	$0	$0	$0
FAISAL JEDDY	SUPV CMTE MEMBER	1.50	Director	$4,974	$0	$4,974
BOB LUONG	SUPV CMTE MEMBER	1.50	Director	$5,723	$0	$5,723
TODD HARRIS	CEO, SECRETARY/TREASURER	40.00	Officer Director	$1,014,556	$65,099	$1,079,655
JEANNINE M JACOBSEN	EVP, CHIEF OPERATING OFFICER	40.00	Officer	$506,317	$35,001	$541,318
RICHARD HANZ	EVP, CHIEF FINANCIAL OFFICER	40.00	Officer	$471,211	$65,315	$536,526
SUNDER SRINIVASAN	EVP, CHIEF INFORMATION OFFICER	40.00	Officer	$459,926	$64,419	$524,345
ROBERT REED	EVP, CHIEF RETAIL BANKING OFFICER	40.00	Officer	$454,011	$18,092	$472,103
JOSEPH ANZALONE	EVP, CHIEF COMMERCIAL BANKING OFFICER	40.00	Officer	$421,947	$64,435	$486,382
DOUGLAS STOVELAND	EVP, CHIEF CREDIT OFFICER	40.00	Officer	$401,232	$65,401	$466,633
FAWZIA SARWAR-SHAYEK	SVP, RETAIL BANKING	40.00	Key Emp	$312,633	$48,430	$361,063
M ANGELES HERNANDEZ	SVP, HEAD OF EMERGING RETAIL LENDING	40.00	Key Emp	$301,610	$31,838	$333,448
FRANCA LOVELACE	HEAD OF ENTERPRISE RISK MANAGEMENT	40.00	Key Emp	$289,634	$39,712	$329,346
NATALIA LAU	SVP, CONTROLLER	40.00	Key Emp	$266,338	$18,298	$284,636
JEANNINE L CREIGHTON-BOETTCHER	HEAD OF HUMAN RESOURCES & CORPORATE SERVICES	40.00	Key Emp	$268,792	$49,626	$318,418
JOSHUA BLUHM	SVP, HEAD OF RETAIL CREDIT RISK & OPERATIONS	40.00	Key Emp	$258,845	$29,531	$288,376
FRED D ABAJELO	SR. FINANCIAL ADVISOR	40.00	Highest	$553,340	$33,649	$586,989
NIKI WONG	SVP, COMMERCIAL/SBA LENDING & OPERATIONS MANAGER	40.00	Highest	$291,518	$44,612	$336,130
SHOU MEI TERESA WU	SVP, COMMERCIAL CREDIT ADMINISTRATION	40.00	Highest	$289,663	$38,548	$328,211
HENRY S NOON IV	SVP HEAD OF ASSET-BASED LENDING	40.00	Highest	$273,205	$65,892	$339,097
AZAD RAD	SVP WEALTH MANAGEMENT	40.00	Highest	$269,918	$60,019	$329,937

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	$235,250,527	$218,781,071	$4,826,094,258	$16,469,456
2022	$196,279,690	$137,568,880	$4,544,569,780	$58,710,810
2021	$173,209,130	$94,424,660	$4,123,158,923	$78,784,470
2020	$137,209,016	$100,803,253	$3,691,098,663	$36,405,763
2019	$132,366,057	$100,705,942	$3,045,579,402	$31,660,115
2018	$111,143,972	$78,011,462	$2,735,042,383	$33,132,510

TECHNOLOGY CREDIT UNION