E-CENTRAL CREDIT UNION (EIN 951442156) - 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

1943

Legal Domicile

Principal Officer

MIKE THEODORE

Phone

6267996000

Tax Period

2023-01-01 to 2023-12-31

E-CENTRAL CREDIT UNION, founded in 1943, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 32% operating margin.

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 $8,480,986

Investment Income $1,285,658

Other Revenue $2,023,026

TOTAL REVENUE $11,789,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,740,699

Fundraising Expenses $0

Other Expenses $4,280,798

TOTAL EXPENSES $8,021,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,789,670	$8,949,930	+0.3%
Expenses	$8,021,497	$7,392,790	+0.1%
Net Income	$3,768,173	$1,557,140	+1.4%

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

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

$903,726

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GARMUS	BOARD CHAIRPERSON	5.00	Director	$0	$0	$0
DOMINICK EDWARDS	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
DENNIS MAGALDI	SECRETARY/TREASURER	2.00	Director	$2,400	$0	$2,400
STEPHEN HENSON	DIRECTOR	2.00	Director	$0	$0	$0
GLENDA GILES-LUICK	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HONORE	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR KALE	DIRECTOR	2.00	Director	$0	$0	$0
JON OLIVER	SUPV CMTE CHAIR	3.00	Director	$0	$0	$0
CORBET WILCOX	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
JAMES GREENBAUM	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
MICHAEL THEODORE	PRESIDENT/CEO	40.00	Officer	$454,052	$48,489	$502,541
LOH JEN SY	SVP/CCO	40.00	Officer	$177,546	$41,026	$218,572
SILVIO JORGE	VP/CFO	40.00	Officer	$149,993	$32,620	$182,613
SUSAN BROWN	EXEC. ASST.	40.00	Highest	$142,521	$30,957	$173,478
EVAN HITCHCOCK	VP OPS	40.00	Highest	$139,374	$31,742	$171,116
JOSE DAVILA	VP OF IT	40.00	Highest	$124,106	$34,973	$159,079
JENNIFER GIN	VP OF CL	40.00	Highest	$119,907	$30,765	$150,672

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	$11,789,670	$8,021,497	$172,452,151	$3,768,173
2022	$8,949,930	$7,392,790	$182,628,434	$1,557,140
2021	$8,617,902	$7,961,420	$193,980,763	$656,482
2020	$8,455,835	$8,497,041	$187,605,631	$-41,206
2019	$9,443,419	$8,413,414	$168,256,764	$1,030,005
2018	$8,821,797	$8,042,041	$159,811,423	$779,756

E-CENTRAL CREDIT UNION