MOUNTAIN GEM CREDIT UNION (EIN 820231516) - 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

Cheri Schaafs

Phone

2084669455

Tax Period

2021-01-01 to 2021-12-31

MOUNTAIN GEM CREDIT UNION, founded in 1953, is a micro nonprofit that reported $4K in total revenue in fiscal year 2021. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $908K exceeded revenue, resulting in a 21470% operating deficit.

Mission

State Chartered 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,208

Other Revenue $0

TOTAL REVENUE $4,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,762

Fundraising Expenses $0

Program Expenses $0

Other Expenses $634,896

TOTAL EXPENSES $907,658

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,208	$7,319	-0.4%
Expenses	$907,658	$1,252,757	-0.3%
Net Income	$-903,450	$-1,245,438	-0.3%

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

Total Directors

Key Employees

$53,913

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheri L Schaafs	Exec Director/CEO	40	Key Emp	$46,875	$7,038	$53,913
Leroy Gillatt	Chairman	1	Director	$0	$0	$0
Rob Herndon	Vice Chairman	1	Director	$0	$0	$0
Karl Schmidt	Director	1	Director	$0	$0	$0
Gail Singh	Secretary/Treasurer	1	Director	$0	$0	$0
Jack Barnes	Director	1	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
2021	$4,208	$907,658	No data	$-903,450
2020	$7,319	$1,252,757	$18,474,987	$-1,245,438
2019	$1,276,561	$1,257,073	$17,295,487	$19,488
2018	$1,220,038	$1,432,848	$17,707,875	$-212,810

MOUNTAIN GEM CREDIT UNION