North County Credit Union

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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

Gary Sisk

Phone

8584871880

Tax Period

2024-01-01 to 2024-12-31

North County Credit Union, founded in 1953, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 3% surplus.

Mission

Non-profit, State-chartered, Natural Person Credit Union. Provide competitive financial services to the members of North County Credit Union.

Program Service Accomplishments

Program 1

Provided deposit and loan accounts to 2,663 members. Provided low cost source of credit and low cost financial services to our members. Provided source of member savings and checking account needs.

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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 $1,245,913

Investment Income $997,984

Other Revenue $448,411

TOTAL REVENUE $2,692,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $802,002

Fundraising Expenses $0

Other Expenses $1,032,425

TOTAL EXPENSES $2,610,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,692,308	$2,387,490	+0.1%
Expenses	$2,610,156	$2,349,642	+0.1%
Net Income	$82,152	$37,848	+1.2%

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

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

$404,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Sisk	CEO	40.00	Officer	$160,640	$0	$160,640
Allen Arvizu	CFO	40.00	Officer	$135,339	$0	$135,339
Gary Williams	CIO	40.00	Officer	$108,028	$0	$108,028
Gerald Mikas	Director	0.50	Director	$0	$0	$0
Mike Danileski	Director	0.50	Director	$0	$0	$0
Torrin James	Director	0.50	Director	$0	$0	$0
Glenn Hachadorian	Director	0.50	Director	$0	$0	$0
Judy Boyles	Secretary	0.50	Director	$0	$0	$0
Chris Russo	BOARD CHAIRMAN	0.50	Director	$0	$0	$0
Louann Schloss	Treasurer	0.50	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	$2,692,308	$2,610,156	$71,407,607	$82,152
2023	$2,387,490	$2,349,642	$65,040,107	$37,848
2022	$2,506,815	$2,189,659	$72,994,364	$317,156
2021	$2,120,894	$2,073,758	$77,861,263	$47,136
2020	$2,568,799	$2,506,557	$67,451,228	$62,242
2019	$2,637,919	$2,642,983	$66,776,007	$-5,064
2018	$2,604,583	$2,665,123	$65,365,552	$-60,540