ROCKY MOUNTAIN CREDIT UNION (EIN 810283608) - 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

1940

Legal Domicile

Principal Officer

STEVE SENDON

Phone

4064471102

Tax Period

2023-01-01 to 2023-12-31

ROCKY MOUNTAIN CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $19.5M left a modest 9% surplus.

Mission

PARTNERING WITH OUR MEMBERS TO IMPROVE THE QUALITY OF THEIR LIVES BY PROVIDING A SECURE AND SERVICE-FOCUSED CREDIT UNION THAT BUILDS TRUST AND RESPECT.

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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 $19,368,940

Investment Income $1,932,766

Other Revenue $252,432

TOTAL REVENUE $21,554,138

Expense Breakdown

Grants Paid $32,569

Salaries & Benefits $7,544,880

Fundraising Expenses $0

Other Expenses $11,970,649

TOTAL EXPENSES $19,548,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,554,138	$16,619,836	+0.3%
Expenses	$19,548,098	$14,642,794	+0.3%
Net Income	$2,006,040	$1,977,042	+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

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

$567,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SENDON	PRESIDENT/CEO	40.00	Officer	$312,044	$51,400	$363,444
CYRUS MALKIN	CFO	40.00	Officer	$171,071	$32,715	$203,786
DEAN OLSEN	VP - IT	40.00	Highest	$147,057	$26,819	$173,876
ERIN JOHNSTON	VP - PROJECT CHANGE	40.00	Highest	$136,538	$29,026	$165,564
BRANDI LEE-MERGENTHALER	VP - OPERATIONS	40.00	Highest	$134,996	$27,137	$162,133
LESLEY HUBER	VP - LENDING	40.00	Highest	$136,612	$24,079	$160,691
HOLLY LANE	VP - HR	40.00	Highest	$138,013	$21,580	$159,593
KRISTIN BOUCHARD	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS LEMON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL BERTAGNOLLI	TREASURER	2.00	Officer Director	$0	$0	$0
STEFANIE GRIFFITH	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSH KNOEDLER	DIRECTOR (THRU APRIL)	2.00	Director	$0	$0	$0
TONY LOYA	DIRECTOR	2.00	Director	$0	$0	$0
LYLE MANLEY	DIRECTOR (THRU APRIL)	2.00	Director	$0	$0	$0
SCOTT STONER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0

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	$21,554,138	$19,548,098	$383,798,063	$2,006,040
2022	$16,619,836	$14,642,794	$364,773,546	$1,977,042
2021	$15,149,432	$13,142,656	$347,767,556	$2,006,776
2020	$14,821,200	$13,506,168	$316,032,866	$1,315,032
2019	$13,852,549	$12,664,313	$264,444,296	$1,188,236
2018	$13,308,228	$11,759,472	$244,782,966	$1,548,756

ROCKY MOUNTAIN CREDIT UNION