SHAREPOINT CREDIT UNION

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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

1933

Legal Domicile

Principal Officer

PHILLIP KOPISCHKE

Phone

9529300700

Tax Period

2023-01-01 to 2023-12-31

SHAREPOINT CREDIT UNION, founded in 1933, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2023. Expenses of $12.5M left a modest 5% surplus.

Mission

THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE LOAN AND DEPOSIT PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS.

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 27,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 21,000 MEMBERS.

Program 2

PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

Program 3

RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA ONLINE/MOBILE BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES.

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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 $11,557,139

Investment Income $1,504,153

Other Revenue $62,160

TOTAL REVENUE $13,123,452

Expense Breakdown

Grants Paid $3,638

Salaries & Benefits $4,751,561

Fundraising Expenses $0

Other Expenses $7,709,106

TOTAL EXPENSES $12,464,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,123,452	$12,280,437	+0.1%
Expenses	$12,464,305	$10,449,938	+0.2%
Net Income	$659,147	$1,830,499	-0.6%

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

$661,139

Total Directors

$23,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BUDNICK	CHAIR	1.00	Officer Director	$2,430	$0	$2,430
SARAH NELSON	VICE CHAIR	1.00	Officer Director	$2,520	$0	$2,520
SCOTT WEICHT	SECRETARY	1.00	Officer Director	$3,825	$0	$3,825
TODD CORBO	DIRECTOR	0.50	Director	$2,273	$0	$2,273
JEAN GALLO	DIRECTOR	0.50	Director	$1,980	$0	$1,980
GARY HAWLEY	DIRECTOR	0.50	Director	$3,443	$0	$3,443
NICHOLAS NELSON	DIRECTOR (THRU MAY 2023)	0.50	Director	$1,215	$0	$1,215
ALAN PEDERSON	DIRECTOR	0.50	Director	$2,858	$0	$2,858
JOSEPH SCHMIDT	DIRECTOR	0.50	Director	$2,925	$0	$2,925
PAUL VORK	VICE PRESIDENT OF FINANCE/CONTROLLER	40.00	Officer	$136,613	$5,808	$142,421
PHILLIP KOPISCHKE	CEO	40.00	Officer	$375,045	$16,750	$391,795
JULIE TANNER	CFO (THRU JUNE 2023)	40.00	Officer	$111,642	$6,506	$118,148
KERRI HINIKER	VICE PRESIDENT OF LENDING	40.00	Highest	$154,807	$13,358	$168,165
MEGAN HAMMACK	VICE PRESIDENT OF OPERATIONS	40.00	Highest	$117,326	$4,275	$121,601
KERRI COWDEN	VICE PRESIDENT OF MEMBER SERVICES	40.00	Highest	$106,874	$16,420	$123,294
JEFF THILL	VICE PRESIDENT OF IT	40.00	Highest	$105,958	$3,981	$109,939

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	$13,123,452	$12,464,305	$298,126,897	$659,147
2022	$12,280,437	$10,449,938	$301,847,675	$1,830,499
2021	$12,754,371	$10,093,236	$305,038,768	$2,661,135
2020	$11,851,252	$11,146,394	$273,724,274	$704,858
2019	$12,074,874	$10,840,031	$240,631,362	$1,234,843
2018	$11,143,898	$10,136,162	$234,856,842	$1,007,736