Latah Credit Union (EIN 820294658) - 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

1969

Legal Domicile

Phone

2088820232

Tax Period

2023-01-01 to 2023-12-31

Latah Credit Union, founded in 1969, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 31% operating margin.

Mission

Non-profit, State Chartered Natural Person Credit Union. Provide competitive financial services to the members of Latah 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,705,457

Investment Income $1,997,766

Other Revenue $850,327

TOTAL REVENUE $6,553,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,456,400

Fundraising Expenses $0

Other Expenses $2,152,494

TOTAL EXPENSES $4,539,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,553,550	$4,896,007	+0.3%
Expenses	$4,539,833	$4,946,717	-0.1%
Net Income	$2,013,717	$-50,710	-40.7%

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

$125,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ODENBORG ERIKA	CEO	40.00	Officer	$125,037	$0	$125,037
JENSEN MATT	Sec/Treasurer	0.00	Director	$0	$0	$0
Fischer Steve	Director	0.00	Director	$0	$0	$0
Anderson Erik	Director	0.00	Director	$0	$0	$0
Ouderkerken Robert	Director	0.00	Director	$0	$0	$0
Lienhard Sharon	Director	0.00	Director	$0	$0	$0
Chacon Chance	Chairman	0.00	Director	$0	$0	$0
Corrao Mark	Vice Board Chai	0.00	Director	$0	$0	$0
Drown David	SC Chairperson	0.00	Director	$0	$0	$0
Gilmore Joe	SC Member	0.00	Director	$0	$0	$0
Richel Karen	SC Member	0.00	Director	$0	$0	$0
Cox Stephanie	VP of Lending	40.00	Officer	$0	$0	$0
Lowry Catie	VP of Operation	40.00	Officer	$0	$0	$0
Mowrer Vicki	Accountant	40.00	Officer	$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	$6,553,550	$4,539,833	$154,574,167	$2,013,717
2022	$4,896,007	$4,946,717	$160,856,317	$-50,710
2021	$5,251,104	$4,469,379	$154,709,401	$781,725
2020	$4,341,016	$3,603,757	$133,584,276	$737,259
2019	$4,380,002	$3,512,661	$107,576,480	$867,341
2018	$4,036,272	$3,470,553	$103,120,426	$565,719

Latah Credit Union