CREDIT UNION OF SOUTHERN CALIFORNIA (EIN 951818041) - 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

1954

Legal Domicile

Principal Officer

DAVE GUNDERSON

Phone

5626988326

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION OF SOUTHERN CALIFORNIA, founded in 1954, is a major nonprofit that reported $179.5M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.2M, a strong 16% 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 $126,836,683

Investment Income $49,176,356

Other Revenue $3,467,353

TOTAL REVENUE $179,480,392

Expense Breakdown

Grants Paid $440,481

Salaries & Benefits $44,261,252

Fundraising Expenses $0

Other Expenses $106,565,563

TOTAL EXPENSES $151,267,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,480,392	$120,210,205	+0.5%
Expenses	$151,267,296	$94,299,060	+0.6%
Net Income	$28,213,096	$25,911,145	+0.1%

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

407

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

$3,946,068

Total Directors

$15,283

Key Employees

$1,642,767

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GEORGE	CHAIRPERSON	1.00	Director	$0	$0	$0
ELIZABETH CAMP	VICE CHAIRPERSON	1.00	Director	$680	$0	$680
JOHN ROSENBERGER	TREASURER	1.00	Director	$1,555	$0	$1,555
CHRIS STONE	SECRETARY	1.00	Director	$2,301	$0	$2,301
ROBYN BJORKLUND	FORMER CHAIRPERSON	1.00	Director	$0	$0	$0
PAUL MOORE	DIRECTOR	1.00	Director	$876	$0	$876
DAWNNA LAWRENCE	DIRECTOR	1.00	Director	$1,418	$0	$1,418
GIL RODRIGUEZ	DIRECTOR	1.00	Director	$1,040	$0	$1,040
CONNIE ZAPPONE	DIRECTOR	1.00	Director	$1,062	$0	$1,062
DONA MOSELEY	CORPORATE ADVISORY BOARD MEMBER	1.00	Director	$789	$0	$789
STEPHANIE CUEVAS	CORPORATE ADVISORY BOARD MEMBER	1.00	Director	$2,086	$0	$2,086
BOB TOOHEY	SUPV CMTE CHAIRPERSON	1.00	Director	$0	$0	$0
DAVE YAMASHITA	SUPV CMTE MEMBER	1.00	Director	$1,363	$0	$1,363
JUDY MILLER	SUPV CMTE MEMBER	1.00	Director	$1,353	$0	$1,353
GREG KELLEY	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
ROSIE ROBINSON	CORPORATE ADVISORY SUPV CMTE MEMBER	1.00	Director	$760	$0	$760
DAVE GUNDERSON	PRESIDENT/CEO	40.00	Officer	$1,547,117	$41,635	$1,588,752
KATSU DURST	CFO	40.00	Officer	$525,706	$11,200	$536,906
KENNETH DOWNS	FORMER CIO	40.00		$556,972	$26,966	$583,938
SUZANNE KISSLAN	COO	40.00	Officer	$556,823	$18,619	$575,442
ALISSA GUERRERO	CAO	40.00	Officer	$490,091	$34,762	$524,853
MICHELLE HUNTER	CCXO	40.00	Officer	$395,970	$39,548	$435,518
SEVAN YAKINIAN	CTO	40.00	Officer	$275,175	$9,422	$284,597
PETER PUTNAM	SVP, TREASURY	40.00	Key Emp	$381,989	$23,796	$405,785
AARON YOUNG	SVP, BRANCH OPS/RETAIL BANKING	40.00	Key Emp	$268,315	$21,993	$290,308
KATIE MARIE SMITH	SVP, HUMAN RESOURCES	40.00	Key Emp	$258,808	$5,857	$264,665
DAREN LINHARES	SVP, LENDING	40.00	Key Emp	$256,849	$13,776	$270,625
MICHAEL CRUZ	SVP, RISK MANAGEMENT	40.00	Key Emp	$228,119	$15,514	$243,633
ERIC DAY	SVP, BOARD ADVOCACY & STRATEGIC INITIATIVE	40.00	Key Emp	$166,451	$1,300	$167,751
MICHAEL GENNAWEY	PRODUCING PROGRAM MANAGER	40.00	Highest	$400,921	$26,665	$427,586
RYAN GALLO	PRODUCING PROGRAM MANAGER	40.00	Highest	$360,612	$33,487	$394,099
SUSAN CONJURSKI	VP STRATEGIC INITIATIVES	40.00	Highest	$305,775	$19,808	$325,583
PAUL JARIABEK	VP ENGINEERING & CISO	40.00	Highest	$280,729	$30,554	$311,283
PATRICIA HOLCOMB	VP INFORMATION TECHNOLOGY	40.00	Highest	$255,399	$14,235	$269,634

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	$179,480,392	$151,267,296	$2,958,463,252	$28,213,096
2022	$120,210,205	$94,299,060	$2,582,085,802	$25,911,145
2021	$90,560,812	$68,173,898	$2,246,765,154	$22,386,914
2020	$94,039,451	$75,326,832	$2,020,459,917	$18,712,619
2019	$86,215,255	$67,238,766	$1,680,021,724	$18,976,489
2018	$73,332,209	$60,359,120	$1,485,094,224	$12,973,089

CREDIT UNION OF SOUTHERN CALIFORNIA