SIMPLOT EMPLOYEES CREDIT UNION (EIN 820374112) - 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

Principal Officer

VAL BROOKS

Phone

2084544295

Tax Period

2022-01-01 to 2022-12-31

SIMPLOT EMPLOYEES CREDIT UNION is a community nonprofit that reported $1.0M in total revenue in fiscal year 2022. Expenses of $1.5M exceeded revenue, resulting in a 42% operating deficit.

Mission

PROMOTING THE FINANCIAL WELL-BEING OF MEMBERS BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $712,583

Investment Income $125,872

Other Revenue $184,932

TOTAL REVENUE $1,023,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $425,883

Fundraising Expenses $0

Other Expenses $1,027,313

TOTAL EXPENSES $1,453,196

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,023,387	$960,278	+0.1%
Expenses	$1,453,196	$1,055,044	+0.4%
Net Income	$-429,809	$-94,766	+3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH DANCE	VICE CHAIR	N/A	Officer Director	$0	$0	$0
GENE GALLEGOS	DIRECTOR	N/A	Director	$0	$0	$0
WENDY MILLER	DIRECTOR	N/A	Director	$0	$0	$0
RAELENE DURANT	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
HOWARD SKIDMORE	DIRECTOR	N/A	Director	$0	$0	$0
LATISHA HULET	DIRECTOR	N/A	Director	$0	$0	$0
SUZANNE DUTOIT	DIRECTOR	N/A	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
2022	$1,023,387	$1,453,196	$21,738,019	$-429,809
2021	$960,278	$1,055,044	$22,977,752	$-94,766
2020	$1,076,599	$1,036,174	$21,304,974	$40,425
2019	$1,163,981	$1,038,185	$20,522,777	$125,796
2018	$1,097,837	$947,790	$20,471,389	$150,047

SIMPLOT EMPLOYEES CREDIT UNION