SOUTHLAND 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

1936

Legal Domicile

Principal Officer

THOMAS LENT

Phone

5628626831

Tax Period

2023-01-01 to 2023-12-31

SOUTHLAND CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $51.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $47.9M left a modest 7% surplus.

Mission

WE ARE DEDICATED TO PROVIDING OUR MEMBERS WITH EXCEPTIONAL, COMPREHENSIVE, AND INNOVATIVE FINANCIAL SOLUTIONS, DELIVERED WITH UNIQUELY PERSONAL SOUTHLAND SERVICE.

Program Service Accomplishments

Program 1

PROVIDED LOW COST LOANS AND HIGH-YIELD DEPOSIT OPTIONS FOR OUR MEMBERSHIP. EDUCATED OUR MEMBERSHIP TO ENSURE FINANCIAL LITERACY AND SECURITY. DURING 2023, 19,504 LOANS WERE GRANTED AND SERVICES WERE...

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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 $43,601,931

Investment Income $7,987,627

Other Revenue $0

TOTAL REVENUE $51,589,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,971,081

Fundraising Expenses $0

Other Expenses $19,585,485

TOTAL EXPENSES $47,865,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,589,558	$39,973,545	+0.3%
Expenses	$47,865,820	$34,996,029	+0.4%
Net Income	$3,723,738	$4,977,516	-0.3%

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

196

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

$1,382,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD SILCOX	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BECKY COOL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOM WILLINGHAM	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ANGELA AVERY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER FINNIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN LAIRD	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN HISZPANSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOSE MANZANO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LENT	PRESIDENT/CEO	40.00	Officer	$574,296	$64,817	$639,113
RENE LEJAY	EVP/COO	40.00	Officer	$350,213	$37,188	$387,401
CHRISTOPHER BURNS	SVP/CFO	40.00	Officer	$321,233	$34,785	$356,018
MATTHEW HERRICK	SVP SALES & MARKETING	40.00	Highest	$283,961	$39,067	$323,028
CURTIS BANNOCK	VP/CIO	40.00	Highest	$244,954	$31,094	$276,048
PATTY JIMENEZ	VP LENDING	40.00	Highest	$239,369	$27,524	$266,893
BERTRAND VILLAVERT	VP CONTROLLER	40.00	Highest	$241,405	$34,458	$275,863
BARBARA BANNISTER	VP HUMAN RESOURCES	40.00	Highest	$240,797	$23,979	$264,776

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	$51,589,558	$47,865,820	$1,151,348,506	$3,723,738
2022	$39,973,545	$34,996,029	$1,085,641,771	$4,977,516
2021	$33,872,653	$32,245,186	$1,048,013,508	$1,627,467
2020	$33,665,268	$33,012,963	$995,946,122	$652,305
2019	$34,926,116	$32,067,854	$819,383,957	$2,858,262
2018	$33,489,368	$30,573,300	$748,924,441	$2,916,068