COMMUNITY CHOICE CREDIT UNION (EIN 420778245) - 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

1953

Legal Domicile

Principal Officer

JOSH COOK

Phone

5153348100

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY CHOICE CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $50.3M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.6M, a strong 15% operating margin.

Mission

SIMPLY AND HAPPILY FULFILL THE FINANCIAL WANTS AND NEEDS OF OUR MEMBERS. TO ACHIEVE THIS, WE MUST STRIVE TO UNEXPECTEDLY DELIGHT THOSE WE SERVE; OUR EMPLOYEES, OUR COMMUNITIES, 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 $46,676,135

Investment Income $3,595,902

Other Revenue $17,910

TOTAL REVENUE $50,289,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,592,485

Fundraising Expenses $0

Program Expenses $42,662,082

Other Expenses $27,069,597

TOTAL EXPENSES $42,662,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,289,947	$39,072,921	+0.3%
Expenses	$42,662,082	$33,641,930	+0.3%
Net Income	$7,627,865	$5,430,991	+0.4%

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

231

Volunteers

N/A

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

$1,882,908

Total Directors

Key Employees

$1,583,733

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY DICKEY	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JOE YAMEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MIKEL KOSCHMEDER	BOARD CFO	0.50	Officer Director	$0	$0	$0
THOMAS MCENTEE	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
KEN ZINKULA	AUDIT COMMITTEE CHAIR	0.50	Director	$0	$0	$0
DEB DEGRAFF	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN FARRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENNA FINNERTY	BOARD MEMBER	0.50	Director	$0	$0	$0
SARA KUROVSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSHUA COOK	CEO	40.00	Officer	$740,250	$57,888	$798,138
BRIAN CURTIN	CRO, EVP	40.00	Officer	$300,542	$51,250	$351,792
ERIK SORENSEN	CFO	40.00	Officer	$236,834	$46,790	$283,624
TIMOTHY WALLEN	COO	40.00	Officer	$218,696	$230,658	$449,354
JEFFREY KLEIN	CHOICE CREATIVE SOULTIONS CEO	40.00	Key Emp	$204,727	$37,405	$242,132
ANGELA RICHARDS	VP MARKETING	40.00	Key Emp	$199,650	$30,357	$230,007
KELLY QUICK	VP RETAIL PAYMENT SYSTEMS	40.00	Key Emp	$199,650	$41,490	$241,140
CHRISTOPHER PUNKE	VP DIGITAL EXPERIENCE	40.00	Key Emp	$188,511	$38,862	$227,373
JOSHUA MURPHY	VP RETAIL BANKING	40.00	Key Emp	$186,679	$39,515	$226,194
DAVID JORDAN	VP MORTGAGE LENDING	40.00	Key Emp	$178,483	$36,176	$214,659
GARY BROWN	DIRECTOR OF CONSUMER LOAN	40.00	Key Emp	$169,923	$32,305	$202,228
KAYLA NELSON	MORTGAGE LOAN OFFICER	40.00	Highest	$182,891	$36,140	$219,031
SUSAN TINKER	MORTGAGE LOAN OFFICER	40.00	Highest	$157,036	$31,457	$188,493
JOSEPH HAYHOE	MORTGAGE LOAN OFFICER	40.00	Highest	$152,889	$30,817	$183,706
SAMUEL LEAHY	MORTGAGE LOAN OFFICER	40.00	Highest	$135,155	$15,114	$150,269
LESLIE ROTH	NETWORK/IT OPERATIONS MANAGER	40.00	Highest	$128,914	$26,106	$155,020

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	$50,289,947	$42,662,082	$805,489,909	$7,627,865
2022	$39,072,921	$33,641,930	$797,520,469	$5,430,991
2021	$38,821,305	$31,078,787	$742,389,004	$7,742,518
2020	$35,449,241	$29,645,481	$670,932,840	$5,803,760
2019	$34,518,300	$25,825,500	$550,277,039	$8,692,800
2018	$30,074,814	$24,402,715	$506,679,401	$5,672,099

COMMUNITY CHOICE CREDIT UNION