SOO CO-OP CREDIT UNION (EIN 381599932) - 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

1958

Legal Domicile

Principal Officer

LYNDA ELLIS

Phone

9066325300

Tax Period

2023-01-01 to 2023-12-31

SOO CO-OP CREDIT UNION, founded in 1958, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 19% operating margin.

Mission

TO BECOME THE MEMBERS' PRIMARY FINANCIAL INSTITUTION BY PROVIDING RELIABLE, COMPREHENSIVE, COURTEOUS, AND PROMPT SERVICES THAT ARE COMPETITIVE WITH THE MARKET AND IN TUNE WITH MEMBERS' 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,294,219

Investment Income $1,394,387

Other Revenue $0

TOTAL REVENUE $13,688,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,686,197

Fundraising Expenses $0

Other Expenses $6,358,208

TOTAL EXPENSES $11,044,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,688,606	$11,817,651	+0.2%
Expenses	$11,044,405	$9,544,273	+0.2%
Net Income	$2,644,201	$2,273,378	+0.2%

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

$301,307

Total Directors

$18,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDA ELLIS	PRESIDENT/CE	40.00	Officer	$118,183	$11,143	$129,326
MELISSA MCCLENDON	VICE PRESIDE	40.00	Officer	$83,216	$5,363	$88,579
JOY HILL	CHIEF FINANC	40.00	Officer	$75,985	$7,417	$83,402
STEVEN ROGERS	DIRECTOR & E	8.00	Director	$17,655	$359	$18,014
EDWIN COOK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MONICA HOOLSEMA	DIRECTOR	1.00	Director	$0	$0	$0
LORI LANGENDORF	TREASURER	1.00	Officer Director	$0	$0	$0
JO ANNE LUSSIER	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM ROSE	DIRECTOR	1.00	Director	$0	$0	$0
TOM THORESEN	VICE CHAIRPE	1.00	Officer 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	No data	No data	No data	No data
2023	$13,688,606	$11,044,405	$259,141,916	$2,644,201
2022	$11,817,651	$9,544,273	$248,562,285	$2,273,378
2021	$10,761,200	$8,754,124	$257,417,811	$2,007,076
2020	$10,478,759	$8,356,103	$229,537,741	$2,122,656
2019	$10,968,727	$8,567,971	$183,957,841	$2,400,756
2018	$10,352,829	$8,163,413	$174,429,795	$2,189,416

SOO CO-OP CREDIT UNION