PARK CITY CREDIT UNION (EIN 390905063) - 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

SHAWN ACHTERBERG

Phone

7155368351

Tax Period

2023-01-01 to 2023-12-31

PARK CITY CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 17% operating margin.

Mission

HELPING MEMBERS FULFILL THEIR DREAMS, WHILE SERVING OUR COMMUNITIES.

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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 $15,177,333

Investment Income $1,694,976

Other Revenue $0

TOTAL REVENUE $16,872,309

Expense Breakdown

Grants Paid $55,171

Salaries & Benefits $6,642,956

Fundraising Expenses $0

Other Expenses $7,275,768

TOTAL EXPENSES $13,973,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,872,309	$13,553,767	+0.2%
Expenses	$13,973,895	$10,853,667	+0.3%
Net Income	$2,898,414	$2,700,100	+0.1%

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

115

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

$1,336,172

Total Directors

$32,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RICHARDSON	CHAIR	1.00	Officer Director	$3,600	$0	$3,600
LEAH BURBACH	VICE CHAIR	1.00	Officer Director	$3,600	$0	$3,600
PAUL KIENITZ	TREASURER	1.00	Officer Director	$3,600	$0	$3,600
LEE OPSAHL	SECRETARY	1.00	Officer Director	$3,600	$0	$3,600
JEFFREY HOFFMAN	DIRECTOR	1.00	Director	$3,600	$0	$3,600
JACKIE LEONHARD	DIRECTOR	1.00	Director	$3,600	$0	$3,600
STEVEN METZ	DIRECTOR	1.00	Director	$3,600	$0	$3,600
ROB OEMIG	DIRECTOR	1.00	Director	$3,600	$0	$3,600
GARY SCHWARTZ	DIRECTOR	1.00	Director	$3,600	$0	$3,600
VOLALA MINDAK	PRESIDENT/CEO	50.00	Officer	$344,431	$64,071	$408,502
JACK MIKUNDA	COO	50.00	Officer	$164,256	$68,524	$232,780
SHAWN ACHTERBERG	CFO	50.00	Officer	$233,873	$87,160	$321,033
MELISSA WRYCHA	CRO	50.00	Officer	$140,457	$62,382	$202,839
JANET SCHREIBER	EVP HR & ADMINISTRATION	50.00	Officer	$104,422	$52,196	$156,618

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	$16,872,309	$13,973,895	$347,611,181	$2,898,414
2022	$13,553,767	$10,853,667	$329,193,373	$2,700,100
2021	$13,054,319	$9,719,267	$320,383,442	$3,335,052
2020	$12,148,917	$10,593,985	$275,512,226	$1,554,932
2019	$11,380,631	$9,963,644	$224,955,989	$1,416,987
2018	$9,476,395	$8,228,795	$216,361,832	$1,247,600

PARK CITY CREDIT UNION