PROSPERA CREDIT UNION (EIN 390744917) - 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

1934

Legal Domicile

Principal Officer

SHEILA SCHINKE

Phone

9208824800

Tax Period

2023-01-01 to 2023-12-31

PROSPERA CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.

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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 $17,999,626

Investment Income $3,697,187

Other Revenue $13,219

TOTAL REVENUE $21,710,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,560,280

Fundraising Expenses $0

Other Expenses $13,093,484

TOTAL EXPENSES $21,653,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,710,032	$16,930,595	+0.3%
Expenses	$21,653,764	$15,633,775	+0.4%
Net Income	$56,268	$1,296,820	-1.0%

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

132

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

$822,873

Total Directors

Key Employees

$955,793

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS LICARI	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL UITENBROEK	SECRETARY	2.00	Officer Director	$0	$0	$0
JILL RONK	TREASURER	2.00	Officer Director	$0	$0	$0
TOM CLIFFORD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT BARR	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY FENLON	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA BUBLITZ	CHAIR	2.00	Officer Director	$0	$0	$0
TIM MCADOW	BOARD MEMBER	1.00	Director	$0	$0	$0
BEAU ASHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MCCLELLAND	CFO	40.00	Officer	$214,831	$109,061	$323,892
SHEILA M SCHINKE	CEO	40.00	Officer	$395,645	$103,336	$498,981
KRISTINA FLORES	VP OF MARKETING	40.00	Key Emp	$169,109	$34,063	$203,172
KARI CHRISTOPH	CHRO	40.00	Key Emp	$169,114	$40,739	$209,853
JOHN SCHEMM	CLO	40.00	Key Emp	$162,395	$84,001	$246,396
TODD THIEL	CDTO	40.00	Key Emp	$226,842	$69,530	$296,372
SHONNA PRICKETTE	VP DIGITAL SERVICES	40.00	Highest	$117,611	$27,139	$144,750
JEROME RAMUS	VP COMMERCIAL LENDING	40.00	Highest	$130,756	$6,531	$137,287
KYLE COURTNEY	FINANCIAL ADVISOR	40.00	Highest	$118,282	$18,111	$136,393
MATT COOPER	DIRECTOR OF MEMBER SOLUTIONS	40.00	Highest	$112,137	$5,604	$117,741
MARK DORESETT	DIRECTOR OF IT	40.00	Highest	$107,055	$31,051	$138,106

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	$21,710,032	$21,653,764	$376,683,794	$56,268
2022	$16,930,595	$15,633,775	$364,585,520	$1,296,820
2021	$15,365,371	$12,809,023	$346,117,362	$2,556,348
2020	$14,692,525	$12,576,282	$318,761,533	$2,116,243
2019	$14,778,683	$12,292,638	$289,938,479	$2,486,045
2018	$12,964,425	$10,646,341	$261,232,556	$2,318,084

PROSPERA CREDIT UNION