PREMIERONE CREDIT UNION (EIN 941696676) - 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

1968

Legal Domicile

Principal Officer

ANDREA BREWER

Phone

8555007128

Tax Period

2023-01-01 to 2023-12-31

PREMIERONE CREDIT UNION, founded in 1968, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $25.5M left a modest 8% 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 $24,143,495

Investment Income $3,206,378

Other Revenue $302,725

TOTAL REVENUE $27,652,598

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $10,103,684

Fundraising Expenses $0

Other Expenses $11,271,600

TOTAL EXPENSES $25,491,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,652,598	$20,460,473	+0.4%
Expenses	$25,491,013	$19,314,134	+0.3%
Net Income	$2,161,585	$1,146,339	+0.9%

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

111

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

$1,463,308

Total Directors

Key Employees

$1,039,210

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA BREWER	PRESIDENT/CEO	60.00	Officer	$1,098,878	$54,959	$1,153,837
BRADFORD THOMAS	VP FINANCE/CFO	40.00	Officer	$299,361	$10,110	$309,471
RICHARD TRESLER	VP MEMBER SERVICE	40.00	Key Emp	$256,525	$31,977	$288,502
DOROTHY GEMETTE	VP BUSINESS OPERATIONS	40.00	Key Emp	$231,896	$46,000	$277,896
CHRISTOPHER CAPUTO	VP LENDING OPERATIONS	40.00	Key Emp	$213,982	$24,064	$238,046
JANICE JOHNSON	VP MARKETING	40.00	Key Emp	$204,711	$30,055	$234,766
NICOLE CAMARILLO	LOAN SERVICING MANAGER/AVP	40.00	Highest	$152,027	$15,369	$167,396
ALLISON COBURN	DIRECTOR OF DIGITAL SERVICES	40.00	Highest	$137,487	$23,807	$161,294
MONIQUE EASLEY	DIRECTOR OF CONSUMER LENDING	40.00	Highest	$129,226	$31,944	$161,170
THU CUSHING	INFORMATION SYSTEMS & DATA OFFICER	40.00	Highest	$155,135	$5,438	$160,573
EDDIELLE PARODI	DIRECTOR OF FINANCE/CONTROLLER	40.00	Highest	$129,325	$18,762	$148,087
SEAMUS MORAN	CHAIR	1.00	Officer Director	$0	$0	$0
MARCIA LILLIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM SUCHEVITS	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS BREWER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH TOLEDO	DIRECTOR	1.00	Director	$0	$0	$0
DON BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA SALVATIER	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$27,652,598	$25,491,013	$619,994,421	$2,161,585
2022	$20,460,473	$19,314,134	$550,720,735	$1,146,339
2021	$17,632,094	$15,552,919	$564,442,079	$2,079,175
2020	$17,837,974	$16,763,051	$514,317,666	$1,074,923
2019	$18,999,299	$16,646,100	$429,074,630	$2,353,199
2018	$17,419,427	$14,557,383	$422,671,600	$2,862,044

PREMIERONE CREDIT UNION