SUMMIT RIDGE CREDIT UNION (EIN 446013148) - 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

1955

Legal Domicile

Principal Officer

SHARRI WARDLOW

Phone

8162726160

Tax Period

2025-01-01 to 2025-12-31

SUMMIT RIDGE CREDIT UNION, founded in 1955, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

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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 $0

Program Service Revenue $957,635

Investment Income $250,745

Other Revenue $0

TOTAL REVENUE $1,208,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,047

Fundraising Expenses $0

Other Expenses $823,603

TOTAL EXPENSES $1,200,650

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,208,380	$1,221,695	0.0%
Expenses	$1,200,650	$1,308,260	-0.1%
Net Income	$7,730	$-86,565	-1.1%

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

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

$140,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD WISE	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI BRONSON	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
HARVEY HEIDBREDER	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
KRYSTAL JOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JP SANDERS	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRK BEEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD GARY DERKS	CHAIRPERSON	1.00	Director	$0	$0	$0
SHARRI WARDLOW	PRESIDENT	50.00	Officer	$127,341	$13,646	$140,987

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	$1,208,380	$1,200,650	$18,808,948	$7,730
2024	No data	No data	No data	No data
2023	$1,160,204	$1,099,413	$21,320,141	$60,791
2022	$995,532	$969,623	$22,613,335	$25,909
2021	$873,763	$798,390	$20,356,326	$75,373
2020	$856,825	$806,967	$16,873,674	$49,858
2019	$866,427	$831,828	$15,878,910	$34,599
2018	$781,107	$765,243	$15,381,481	$15,864

SUMMIT RIDGE CREDIT UNION