ADELFI CREDIT UNION (EIN 956111723) - 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

1964

Legal Domicile

Principal Officer

Susan Rushing

Phone

7146715700

Tax Period

2024-01-01 to 2024-12-31

ADELFI CREDIT UNION, founded in 1964, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $35.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $83.4M represent 28 months of operating reserves.

Mission

Adelfi partners with individuals, families, Christ-centered ministries and businesses to protect, grow, and share their financial resources.

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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 $28,099,213

Investment Income $7,558,886

Other Revenue $0

TOTAL REVENUE $35,658,099

Expense Breakdown

Grants Paid $204,412

Salaries & Benefits $13,471,858

Fundraising Expenses $0

Program Expenses $38,179,006

Other Expenses $24,502,736

TOTAL EXPENSES $38,179,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,658,099	$32,611,638	+0.1%
Expenses	$38,179,006	$31,295,089	+0.2%
Net Income	$-2,520,907	$1,316,549	-2.9%

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

105

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

$3,025,183

Total Directors

$9,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abel Luis Pomar	Former President CEO	40	Officer	$776,486	$43,199	$819,685
Nicki Harms	SVP CFO	40	Officer	$443,890	$49,041	$492,931
Bentley Hatcher	Former SVP Chief Lending Officer	40	Officer	$369,676	$36,092	$405,768
Charles Kelly	SVP Chief Technology and Operations Officer	40	Officer	$300,388	$42,197	$342,585
Susan Rushing	SVP Chief Risk Officer/Interim CEO	40	Officer	$310,708	$25,509	$336,217
Jimmy Lee	SVP Chief Marketing Officer	40	Officer	$281,710	$40,910	$322,620
Carey Price	SVP Chief Banking Officer	40	Officer	$292,098	$13,279	$305,377
Wilhelmina Salcedo	VP Controller	40	Highest	$192,396	$36,866	$229,262
Heath Burke	Former VP Information Technology	40	Highest	$179,768	$32,483	$212,251
Schuyler Francine	Deposit Business Development Officer	40	Highest	$171,709	$35,947	$207,656
Brian Constable	Former VP Enterprise Banking	40	Highest	$177,833	$27,675	$205,508
Diana Reynolds	VP Compliance and Internal Controls	40	Highest	$184,193	$19,117	$203,310
Christopher Montes	Vice-Chairman	5	Director	$4,788	$0	$4,788
Robert Todd Anderson	Chairman	5	Director	$4,720	$0	$4,720
Graham Crain	Director	5	Director	$0	$0	$0
Sebastian Igreti	Director	5	Director	$0	$0	$0
Joshua Guttau	Director	5	Director	$0	$0	$0
Jeremy Anderson	Treasurer	5	Director	$0	$0	$0
John Bastian	Secretary	5	Director	$0	$0	$0
Hal Hoxie	Director	5	Director	$0	$0	$0
Hilda Kennedy	Director	5	Director	$0	$0	$0
Dave Walker	Director	5	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	$35,658,099	$38,179,006	$633,696,393	$-2,520,907
2023	$32,611,638	$31,295,089	$568,720,887	$1,316,549
2022	$55,925,105	$26,687,502	$574,129,929	$29,237,603
2021	$28,833,894	$23,029,866	$581,626,285	$5,804,028
2020	$25,320,189	$27,973,244	$662,356,232	$-2,653,055
2019	$23,691,402	$30,400,545	$715,897,899	$-6,709,143
2018	$33,023,913	$35,125,319	$703,154,962	$-2,101,406

ADELFI CREDIT UNION