SOUTHWEST HERITAGE CREDIT UNION (EIN 750827380) - 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

Phone

4323678993

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST HERITAGE CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 20% operating margin.

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 $11,966,459

Investment Income $1,830,287

Other Revenue $44,867

TOTAL REVENUE $13,841,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,128,692

Fundraising Expenses $0

Other Expenses $5,914,883

TOTAL EXPENSES $11,043,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,841,613	$11,453,066	+0.2%
Expenses	$11,043,575	$8,762,752	+0.3%
Net Income	$2,798,038	$2,690,314	+0.0%

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

$28,200

Total Directors

$64,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNY HAYES	C E O	40.00		$367,783	$0	$367,783
EDGAR BAIZA JR	CHAIRMAN	1.00	Officer Director	$8,000	$0	$8,000
VALERIE NEWSOM	DIRECTOR	1.00	Officer Director	$7,800	$0	$7,800
CATHY GEORGE	Secretary	1.00	Officer Director	$7,000	$0	$7,000
NEIL DOBMEIER	Director	1.00	Director	$6,800	$0	$6,800
DAINA PERKINS	ADVISORY DIRECT	1.00	Director	$5,700	$0	$5,700
CHARLES COON	Treasurer	1.00	Officer Director	$5,400	$0	$5,400
STEWART MCKEEHAN	Director	1.00	Director	$5,200	$0	$5,200
ROBERT BRESCIA	ADVISORY DIRECT	0.00	Director	$4,200	$0	$4,200
FRED RAY	ADVISORY DIRECT	1.00	Director	$3,900	$0	$3,900
CHRIS GARRETT	VICE CHAIRMAN	1.00	Director	$3,800	$0	$3,800
MARY HUNT	ADVISORY DIRECT	1.00	Director	$3,750	$0	$3,750
BARBARA NUNEZ	ADVISORY DIRECT	1.00	Director	$1,650	$0	$1,650
CHARLES HUGHES	ADVISORY DIRECT	1.00	Director	$900	$0	$900

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	$13,841,613	$11,043,575	$223,216,580	$2,798,038
2022	$11,453,066	$8,762,752	$215,180,278	$2,690,314
2021	$11,246,334	$8,714,255	$192,873,869	$2,532,079
2020	$11,038,579	$9,526,070	$186,153,186	$1,512,509
2019	$11,468,959	$8,925,323	$171,605,818	$2,543,636
2018	$10,324,536	$7,530,672	$164,826,203	$2,793,864

SOUTHWEST HERITAGE CREDIT UNION