SOUTHWEST 66 CREDIT UNION (EIN 750815084) - 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

1949

Legal Domicile

Principal Officer

ELIZABETH NEWMAN

Phone

4323636600

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST 66 CREDIT UNION, founded in 1949, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Expenses of $5.8M left a modest 6% surplus.

Mission

Cooperative provider of credit union services such as savings accounts, checking accounts, and consumer loans.

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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 $5,184,553

Investment Income $713,313

Other Revenue $266,994

TOTAL REVENUE $6,164,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,573,680

Fundraising Expenses $0

Other Expenses $3,236,212

TOTAL EXPENSES $5,809,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,164,860	$5,770,255	+0.1%
Expenses	$5,809,892	$5,301,948	+0.1%
Net Income	$354,968	$468,307	-0.2%

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

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

$671,836

Total Directors

$22,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH NEWMAN	CEO	040.00	Officer	$181,500	$10,795	$192,295
CON BRAZEAL	CIO	040.00	Officer	$127,193	$13,545	$140,738
WILLIAM DUKE	COO	040.00	Officer	$126,249	$13,558	$139,807
ERICA KING	VP of Lending	040.00	Officer	$91,432	$11,698	$103,130
AARON CHAVEZ	VP of Member Services	040.00	Officer	$72,389	$10,577	$82,966
JACK BAIN	Board Vice Chairman	001.00	Officer Director	$3,900	$0	$3,900
TOM SPRAWLS	Board Treasurer	001.00	Officer Director	$3,700	$0	$3,700
TERRY LOUVIN	Director	001.00	Director	$3,700	$0	$3,700
RAY FOWLER	Director	001.00	Director	$3,700	$0	$3,700
KRIS CROW	Board Chairman	001.00	Officer Director	$3,500	$0	$3,500
JAMES BEAUCHAMP	Director	001.00	Director	$2,450	$0	$2,450
JERRY RENO	Board Secretary	001.00	Officer Director	$1,800	$0	$1,800

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	$6,164,860	$5,809,892	$103,066,371	$354,968
2022	$5,770,255	$5,301,948	$100,245,342	$468,307
2021	$5,693,763	$5,385,024	$98,815,098	$308,739
2020	$5,741,091	$5,192,967	$95,778,032	$548,124
2019	$5,611,966	$5,197,120	$84,782,768	$414,846
2018	$5,138,036	$4,849,539	$84,879,429	$288,497

SOUTHWEST 66 CREDIT UNION