CALIFORNIA COAST CREDIT UNION

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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

1929

Legal Domicile

Principal Officer

TODD LANE CEO

Phone

8586364204

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA COAST CREDIT UNION, founded in 1929, is a major nonprofit that reported $152.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $28.4M, a strong 19% operating margin.

Mission

CALIFORNIA COAST CREDIT UNION (CREDIT UNION) IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. AS A COOPERATIVE, THE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LINES, VISA, AND PERSONAL LINES OF CREDIT.

Program 2

ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS.

Program 3

MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS.

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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 $118,948,865

Investment Income $32,346,215

Other Revenue $1,168,105

TOTAL REVENUE $152,463,185

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $55,262,451

Fundraising Expenses $0

Other Expenses $68,772,127

TOTAL EXPENSES $124,104,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,463,185	$133,395,792	+0.1%
Expenses	$124,104,578	$98,775,111	+0.3%
Net Income	$28,358,607	$34,620,681	-0.2%

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

668

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

$3,145,348

Total Directors

$10,649

Key Employees

$1,753,092

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY ATKINSON	FORMER DIRECTOR	2.00	Director	$3,218	$0	$3,218
DR BARBARA K BROOKS	FORMER SECRETARY	4.00	Officer Director	$1,608	$0	$1,608
RICHARD J KNOTT	CHAIR	4.00	Officer Director	$0	$0	$0
STEVE MCMAHON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
LAN NGUYEN	DIRECTOR	2.00	Director	$0	$0	$0
WARREN RUIS	SECRETARY	4.00	Officer Director	$0	$0	$0
JAY SHEPARD	DIRECTOR	2.00	Director	$0	$0	$0
MEISHA SHERMAN	DIRECTOR	2.00	Director	$3,218	$0	$3,218
RON VILLA	FORMER CHAIR	4.00	Officer Director	$2,605	$0	$2,605
TODD LANE	CEO	40.00	Officer	$1,053,314	$1,680,449	$2,733,763
MATTHEW FICCO	CFO	40.00	Officer	$388,497	$18,875	$407,372
KATHERINE CADY	COO	40.00	Key Emp	$538,271	$148,818	$687,089
VASUDEVAN SAMBASIVAM	CIO	40.00	Key Emp	$437,047	$25,846	$462,893
MITZI ZARCONE	CLO	40.00	Key Emp	$362,870	$19,128	$381,998
MILA PASCUA	CARO	40.00	Key Emp	$210,182	$10,930	$221,112
HEATHER TOUDLE	SVP, COMMERCIAL LENDING	40.00	Highest	$246,474	$28,549	$275,023
ANTONIA LUNA	SVP, OPERATIONS	40.00	Highest	$292,907	$26,924	$319,831
GREGORY CORNELL	SVP, MARKETING	40.00	Highest	$287,773	$11,464	$299,237
RENE MCKEE	SVP, COMM & PUB RELATIONS	40.00	Highest	$263,432	$20,285	$283,717
STEVE VOLLE	SVP, REAL ESTATE	40.00	Highest	$261,946	$33,273	$295,219

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	$152,463,185	$124,104,578	$3,287,677,887	$28,358,607
2022	$133,395,792	$98,775,111	$3,475,789,984	$34,620,681
2021	$114,723,458	$91,735,777	$3,476,522,108	$22,987,681
2019	$118,728,128	$93,799,375	$2,643,805,509	$24,928,753
2018	$107,363,033	$84,654,062	$2,505,680,521	$22,708,971