SUPERIOR CHOICE CREDIT UNION (EIN 390906277) - 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

1932

Legal Domicile

Principal Officer

TIM FOSTER

Phone

7157185804

Tax Period

2023-01-01 to 2023-12-31

SUPERIOR CHOICE CREDIT UNION, founded in 1932, is a mid-sized nonprofit that reported $49.3M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $56.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

A NOT-FOR-PROFIT MEMBER-OWNED FINANCIAL INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS.

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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 $42,803,829

Investment Income $6,384,384

Other Revenue $72,190

TOTAL REVENUE $49,260,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,404,231

Fundraising Expenses $0

Other Expenses $41,960,518

TOTAL EXPENSES $56,364,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,260,403	$30,905,234	+0.6%
Expenses	$56,364,749	$28,681,357	+1.0%
Net Income	$-7,104,346	$2,223,877	-4.2%

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

209

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

$1,890,132

Total Directors

$66,012

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM FOSTER	PRESIDENT &	40.00	Officer	$593,409	$41,467	$634,876
SHANE ASBEL	COO/EVP	40.00	Officer	$349,784	$43,867	$393,651
KELLI KOEHLER	CMO/SVP	40.00	Officer	$312,693	$17,302	$329,995
BEN ALTONEN	CFO/EVP	40.00	Officer	$275,232	$43,161	$318,393
JENNIFER STRAMA	CLO	40.00	Officer	$197,115	$16,102	$213,217
JULIE LUPA	VP LOAN OPER	40.00	Highest	$176,576	$0	$176,576
TAMMY MAKELA	VP ASSISTANT	40.00	Highest	$162,778	$0	$162,778
ERIC ANDERSON	VP LENDING	40.00	Highest	$132,312	$0	$132,312
JESSICA KOHNE	VP RETAIL SA	40.00	Highest	$117,326	$0	$117,326
HEATHER DAVIS	VP OPERATION	40.00	Highest	$114,424	$0	$114,424
MARK CASPER	BOARD CHAIR	1.00	Director	$7,868	$0	$7,868
BILL ANDERSON	BOARD VICE C	1.00	Director	$7,268	$0	$7,268
ROBERT FRENCHICK	BOARD MEMBER	1.00	Director	$7,268	$0	$7,268
PAUL GILBERTSON	TREASURER	1.00	Director	$7,268	$0	$7,268
CHARLIE GLAZMAN	VICE CHAIR P	1.00	Director	$7,268	$0	$7,268
JIM LARSON	VICE CHAIR-A	1.00	Director	$7,268	$0	$7,268
LISA NAULT	BOARD MEMBER	1.00	Director	$7,268	$0	$7,268
GREG RUNNING	ALCO	1.00	Director	$7,268	$0	$7,268
PAMELA TAFELSKI	VICE CHAIR L	1.00	Director	$7,268	$0	$7,268

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	$49,260,403	$56,364,749	$804,124,778	$-7,104,346
2022	$30,905,234	$28,681,357	$708,340,396	$2,223,877
2021	$23,422,033	$21,426,090	$601,143,174	$1,995,943
2020	$23,730,133	$18,638,422	$546,658,124	$5,091,711
2019	$26,011,295	$20,949,551	$492,403,882	$5,061,744
2018	$23,676,337	$17,760,415	$474,858,507	$5,915,922

SUPERIOR CHOICE CREDIT UNION