PREMIER AMERICA CREDIT UNION (EIN 953442691) - 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

1957

Legal Domicile

Principal Officer

RODOLFO J PEREIRA

Phone

8187724011

Tax Period

2024-01-01 to 2024-12-31

PREMIER AMERICA CREDIT UNION, founded in 1957, is a major nonprofit that reported $172.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST 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 $148,718,106

Investment Income $23,787,719

Other Revenue $0

TOTAL REVENUE $172,505,825

Expense Breakdown

Grants Paid $462,112

Salaries & Benefits $50,835,296

Fundraising Expenses $0

Other Expenses $130,243,971

TOTAL EXPENSES $181,541,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,505,825	$158,602,721	+0.1%
Expenses	$181,541,379	$150,631,543	+0.2%
Net Income	$-9,035,554	$7,971,178	-2.1%

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

530

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

$6,805,879

Total Directors

$24,601

Key Employees

$2,852,742

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HOLMEN	DIRECTOR	2.00	Director	$7,527	$0	$7,527
JOANN KLONOWSKI	CHAIR	3.00	Officer Director	$500	$0	$500
BILL HAMPEL	SECRETARY/TREASURER	3.00	Officer Director	$5,367	$0	$5,367
LARRY MARTIN	DIRECTOR	2.00	Director	$3,504	$0	$3,504
WILLIAM COLE	DIRECTOR	2.00	Director	$1,055	$0	$1,055
LARRY COLSON	DIRECTOR	2.00	Director	$1,478	$0	$1,478
MECHELLE BEST	DIRECTOR	2.00	Director	$500	$0	$500
ERIC GOLDNER	DIRECTOR	2.00	Director	$817	$0	$817
EVA GOMEZ	VICE CHAIR	3.00	Officer Director	$3,853	$0	$3,853
RODOLFO PEREIRA	PRESIDENT & CEO	40.00	Officer	$6,121,092	$61,406	$6,182,498
IE-CHEN CHENG	CHIEF FINANCIAL OFFICER	40.00	Officer	$581,286	$32,375	$613,661
TONI DANIELS	CHIEF RISK & COMPLIANCE OFFICER	40.00	Key Emp	$461,750	$35,744	$497,494
ERNESTO NORONA	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$496,462	$68,228	$564,690
MARCIA GIRARDI	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$459,511	$49,503	$509,014
DAVID FITZGERALD	CHIEF LENDING OFFICER	40.00	Key Emp	$432,007	$29,904	$461,911
SHELLEY TAM	CHIEF PEOPLE OFFICER	40.00	Key Emp	$385,552	$68,367	$453,919
JASON WOLKOVE	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$310,860	$54,854	$365,714
KELLY KARREN	FINANCIAL ADVISOR	40.00	Highest	$511,165	$33,665	$544,830
ANTHONY VELARDE	FINANCIAL ADVISOR	40.00	Highest	$346,546	$43,070	$389,616
TAMARA SCOTT	VP, RETAIL DELIVER	40.00	Highest	$275,901	$51,282	$327,183
CHARLES KIM	VP, COMMERCIAL LENDING	40.00	Highest	$271,452	$24,461	$295,913
YE SU	VP, WEALTH MANAGEMENT	40.00	Highest	$335,384	$46,195	$381,579

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	$172,505,825	$181,541,379	$3,396,098,525	$-9,035,554
2023	$158,602,721	$150,631,543	$3,473,374,773	$7,971,178
2022	$127,070,331	$109,818,679	$3,773,072,753	$17,251,652
2021	$107,505,968	$91,505,540	$3,406,612,540	$16,000,428
2020	$111,058,082	$104,615,610	$3,211,246,372	$6,442,472
2019	$116,675,456	$97,229,006	$2,832,715,240	$19,446,450
2018	$101,444,902	$77,869,057	$2,673,451,881	$23,575,845

PREMIER AMERICA CREDIT UNION