LBS FINANCIAL CREDIT UNION (EIN 951644568) - 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

1935

Legal Domicile

Principal Officer

SEAN HARDEMAN

Phone

7148935111

Tax Period

2023-01-01 to 2023-12-31

LBS FINANCIAL CREDIT UNION, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $79.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.4M, a strong 18% 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 $63,862,109

Investment Income $15,476,361

Other Revenue $89,500

TOTAL REVENUE $79,427,970

Expense Breakdown

Grants Paid $77,637

Salaries & Benefits $22,929,401

Fundraising Expenses $0

Other Expenses $42,014,187

TOTAL EXPENSES $65,021,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,427,970	$64,266,960	+0.2%
Expenses	$65,021,225	$46,656,926	+0.4%
Net Income	$14,406,745	$17,610,034	-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

312

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

$1,909,032

Total Directors

Key Employees

$1,215,166

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL BAKER	BOARD CHAIR	2.00	Director	$0	$0	$0
JAY CAMERINO	VICE CHAIR	2.00	Director	$0	$0	$0
JOHN FYLPAA	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
SATINDER HAWKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA SEKI	BOARD MEMBER	2.00	Director	$0	$0	$0
LUTHER WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY NATIVIDAD	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID CONRAD	SUPV CMTE CHAIR	2.00	Director	$0	$0	$0
MARK ALDRICH	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
ALAN RAY	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
JEFFREY ALLEN NAPPER FORMER	PRESIDENT/CEO	40.00	Officer	$953,228	$12,366	$965,594
SEAN HARDEMAN	PRESIDENT/CEO	40.00	Officer	$548,025	$28,460	$576,485
SUSAN WIGHT	S.V.P./CFO	40.00	Officer	$355,066	$11,887	$366,953
KEVIN REED	S.V.P./INFORMATION SYSTEMS	40.00	Key Emp	$326,913	$28,460	$355,373
HEATHER SUMMERS	S.V.P./MARKETING	40.00	Key Emp	$294,562	$9,624	$304,186
JEFFREY WILLIAM NIEDENTHAL	S.V.P/MEMBER SERVICES	40.00	Key Emp	$272,895	$17,255	$290,150
JILL MARIE DENIRO	S.V.P./HUMAN RESOURCES	40.00	Key Emp	$247,432	$18,025	$265,457
ALFRED PARENT	V.P./COLLECTIONS	40.00	Highest	$220,935	$17,255	$238,190
ZUNG-SHANG LIANG	V.P./INTERNAL AUDIT	40.00	Highest	$188,151	$9,487	$197,638
CHRISTINE WU-LIN BASS	V.P./BRANCH OPERATIONS	40.00	Highest	$165,172	$25,876	$191,048
SARGEANT ALVA	V.P./RESIDENTIAL LENDING	40.00	Highest	$150,921	$24,646	$175,567
COURTNEY HIGUCHI	V.P./LOAN ADMINISTRATION	40.00	Highest	$153,735	$17,255	$170,990

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	$79,427,970	$65,021,225	$1,969,993,549	$14,406,745
2022	$64,266,960	$46,656,926	$2,012,780,174	$17,610,034
2021	$57,183,235	$44,657,416	$1,978,868,694	$12,525,819
2020	$59,537,252	$50,028,799	$1,782,896,401	$9,508,453
2019	$61,359,719	$50,627,836	$1,534,622,789	$10,731,883
2018	$57,230,819	$44,885,230	$1,433,506,717	$12,345,589

LBS FINANCIAL CREDIT UNION