GLENDALE AREA SCHOOLS CREDIT UNION (EIN 951652351) - 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

2016

Legal Domicile

Phone

8182487425

Tax Period

2024-01-01 to 2024-12-31

GLENDALE AREA SCHOOLS CREDIT UNION, founded in 2016, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $43.8M represent 34 months of operating reserves.

Mission

NON-PROFIT, STATE CHARTERED, NATURAL PERSON CREDIT UNION, PROVIDE COMPETITVE FINANCIAL SERVICES TO THE MEMBERS OF GLENDALE AREA SCHOOLS CREDIT UNION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,899,683

Investment Income $7,745,911

Other Revenue $918,757

TOTAL REVENUE $15,564,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,797,497

Fundraising Expenses $0

Other Expenses $4,648,608

TOTAL EXPENSES $15,405,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,564,351	$13,722,824	+0.1%
Expenses	$15,405,095	$10,885,695	+0.4%
Net Income	$159,256	$2,837,129	-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

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

$651,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wesley Walton	CEO	40.00	Officer	$325,391	$30,500	$355,891
Doria Hilleary	COO	40.00	Officer	$142,396	$14,795	$157,191
Christine Cruz	CFO	40.00	Officer	$138,128	$0	$138,128
Jade Dhatchayangkul	Board member	2.00	Director	$0	$0	$0
Scott Trulik	Board Mbr	2.00	Director	$0	$0	$0
Jennifer Freemon	BOARD MEMBER	2.00	Director	$0	$0	$0
Heather Dinger	Supervisory Com	2.00	Director	$0	$0	$0
Frank Virgallito	SC Chairperson	2.00	Director	$0	$0	$0
Mary Mirch	BOARD CHAIR	2.00	Director	$0	$0	$0
Robin Goldsworthy	Supervisory Com	2.00	Director	$0	$0	$0
John Pehar	Treasurer	2.00	Director	$0	$0	$0
Milton Flores	Chairperson	2.00	Director	$0	$0	$0
Craig Stephen Justice	Secretary	2.00	Director	$0	$0	$0
Suzanne Risse	Supervisory Com	2.00	Director	$0	$0	$0
Jim Bates	Vice Chairperso	2.00	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	$15,564,351	$15,405,095	$428,975,112	$159,256
2023	$13,722,824	$10,885,695	$438,318,060	$2,837,129
2022	$13,019,399	$7,734,619	$441,925,246	$5,284,780
2021	$9,390,676	$7,680,474	$465,528,646	$1,710,202
2020	$9,735,284	$8,144,621	$442,769,625	$1,590,663

GLENDALE AREA SCHOOLS CREDIT UNION