CO-OP CREDIT UNION (EIN 390745853) - 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

1938

Legal Domicile

Principal Officer

TIMOTHY TRANBERG

Phone

8002580023

Tax Period

2025-01-01 to 2025-12-31

CO-OP CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $32.9M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.0M, a strong 18% operating margin.

Mission

SERVING OUR MEMBERS, WHERE THEY ARE, THROUGH ALL STAGES OF LIFE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $58,656

Program Service Revenue $29,774,542

Investment Income $3,013,671

Other Revenue $64,329

TOTAL REVENUE $32,911,198

Expense Breakdown

Grants Paid $58,552

Salaries & Benefits $7,513,887

Fundraising Expenses $0

Other Expenses $7,749,287

TOTAL EXPENSES $26,885,527

Year-over-Year Comparison

	2025	2024	Change
Revenue	$32,911,198	$29,165,673	+0.1%
Expenses	$26,885,527	$25,703,272	+0.0%
Net Income	$6,025,671	$3,462,401	+0.7%

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

124

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

$1,250,719

Total Directors

$51,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH LEBAKKEN	VICE CHAIR	1.00	Officer Director	$8,530	$0	$8,530
DAVID OVERLIEN	SECRETARY	1.00	Officer Director	$7,867	$0	$7,867
TIMOTHY TORKELSON	CHAIR	1.00	Officer Director	$7,608	$0	$7,608
TIMOTHY BYOM	DIRECTOR	1.00	Director	$7,170	$0	$7,170
DAVID OLSON	DIRECTOR	1.00	Director	$6,925	$0	$6,925
STEVEN HOGDEN	TREASURER	1.00	Officer Director	$6,460	$0	$6,460
CAROL MARTIN	DIRECTOR	1.00	Director	$6,449	$0	$6,449
TIMOTHY TRANBERG	PRESIDENT/CEO	40.00	Officer	$236,139	$51,356	$287,495
MICHELE STEIEN	CHIEF TALENT OFFICER	40.00	Officer	$135,794	$34,470	$170,264
MEGAN ELLINGSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$115,956	$48,475	$164,431
MARIANNE TORKELSON	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$115,728	$43,415	$159,143
JAYME THOMPSON	CHIEF LENDING OFFICER	40.00	Officer	$120,955	$37,787	$158,742
KRIS GOETZKA	CHIEF OPERATIONS OFFICER	40.00	Officer	$115,224	$35,807	$151,031
ERIC SKOGSTAD	CHIEF COMPLIANCE OFFICER	40.00	Officer	$115,704	$13,444	$129,148
KIM BYOM	VP OPERATIONS	40.00	Highest	$100,806	$29,831	$130,637
STEPHANIE ALECKSON	VP ACCOUNTING	40.00	Highest	$108,321	$12,525	$120,846

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
2025	$32,911,198	$26,885,527	$601,424,382	$6,025,671
2024	No data	No data	No data	No data
2023	$22,146,492	$18,566,876	$533,756,251	$3,579,616
2022	$18,627,722	$14,589,227	$497,735,230	$4,038,495
2021	$17,551,199	$13,613,152	$471,044,699	$3,938,047
2020	$17,350,130	$14,835,720	$419,971,565	$2,514,410
2019	$16,512,148	$14,395,986	$369,946,144	$2,116,162
2018	$15,592,993	$13,443,701	$337,923,865	$2,149,292

CO-OP CREDIT UNION