SOUTH BAY CREDIT UNION (EIN 951914215) - 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

1953

Legal Domicile

Principal Officer

PARIS CHEVALIER

Phone

4243279783

Tax Period

2024-01-01 to 2024-12-31

SOUTH BAY CREDIT UNION, founded in 1953, is a community nonprofit in the Public & Societal Benefit sector that reported $8.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,418,215

Investment Income $442,249

Other Revenue $0

TOTAL REVENUE $8,860,464

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $2,870,293

Fundraising Expenses $0

Other Expenses $6,860,151

TOTAL EXPENSES $9,739,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,860,464	$8,170,718	+0.1%
Expenses	$9,739,444	$7,829,413	+0.2%
Net Income	$-878,980	$341,305	-3.6%

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

$833,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS OTEY	CHAIRMAN	1.00	Director	$0	$0	$0
STEPHANIE ERTMAN	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
NICOLE WESLEY	SECRETARY	1.00	Director	$0	$0	$0
VIKI COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE FLIPPO	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GARLAND	DIRECTOR	1.00	Director	$0	$0	$0
TOM LIGHT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LUNDIN	DIRECTOR	1.00	Director	$0	$0	$0
TAREK SHAER	DIRECTOR	1.00	Director	$0	$0	$0
DAN INSKEEP	SPV CMTE CHAIRMAN	1.00	Director	$0	$0	$0
ANGELIA PARRISH	SPV CMTE MEMBER	1.00	Director	$0	$0	$0
RENEE MICHEL	SPV CMTE MEMBER	1.00	Director	$0	$0	$0
PARIS CHEVALIER	PRESIDENT/CEO	40.00	Officer	$253,311	$4,835	$258,146
DON STEINMAN	CFO	40.00	Officer	$174,137	$11,550	$185,687
FRANK ESPINOZA	CHIEF RISK OFFICER	40.00	Officer	$213,757	$16,614	$230,371
BERNICE WHITE	CLO	40.00	Officer	$133,528	$25,318	$158,846
GLADYS GALLEGOS	DIRECTOR OF OPS	40.00	Highest	$110,503	$14,898	$125,401
SANDY DUARTE	RISK OFFICER	40.00	Highest	$104,061	$7,253	$111,314

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	$8,860,464	$9,739,444	$158,035,979	$-878,980
2023	$8,170,718	$7,829,413	$156,698,184	$341,305
2022	$6,174,148	$5,687,113	$144,521,136	$487,035
2021	$5,439,590	$4,771,097	$140,051,603	$668,493
2020	$5,984,411	$4,979,974	$126,193,411	$1,004,437
2019	$5,485,036	$4,895,428	$106,118,382	$589,608
2018	$4,854,768	$4,285,077	$112,477,417	$569,691

SOUTH BAY CREDIT UNION