POWER CREDIT UNION

EIN: 840160254

PUEBLO, CO

Total Revenue
$6,727,230
Total Expenses
$6,249,351
Total Assets
$115,118,280
Net Assets
$12,208,679
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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
1938
Legal Domicile
CO
Principal Officer
LITA SANDERS
Phone
7195640710
Tax Period
2023-01-01 to 2023-12-31

POWER CREDIT UNION, founded in 1938, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.2M left a modest 7% surplus.

Mission

TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,306,772
Investment Income $1,271,659
Other Revenue $148,799
TOTAL REVENUE $6,727,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,253,213
Fundraising Expenses $0
Other Expenses $3,996,138
TOTAL EXPENSES $6,249,351

Year-over-Year Comparison

2023 2022 Change
Revenue $6,727,230 $5,372,998 +0.3%
Expenses $6,249,351 $4,984,354 +0.3%
Net Income $477,879 $388,644 +0.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
66
Volunteers
7

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
8
$445,578
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED COOK BOARD CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL PARLAPIANO BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
AVA DEHERRERA BOARD SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
KATIE HEURERMANN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL JOLLY BOARD MEMBER 2.00
Director
$0 $0 $0
THEODORE LOPEZ BOARD MEMBER 2.00
Director
$0 $0 $0
DON TRUJILLO BOARD MEMBER 2.00
Director
$0 $0 $0
VANESSA TREXEL CEO/PRESIDENT 40.00
Officer
$136,290 $20,452 $156,742
ERNESTINE TRUJILLO VP OF OPERATIONS 40.00
Officer
$73,912 $12,525 $86,437
SHARI KRASOVIC VP OF HUMAN RESOURCES 40.00
Officer
$62,838 $10,906 $73,744
LITA SANDERS VP OF FINANCE 40.00
Officer
$77,927 $5,862 $83,789
KELLY SCHERMERHORN VP OF MEMBER EXPERIENCE 40.00
Officer
$32,595 $12,271 $44,866
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 $6,727,230 $6,249,351 $115,118,280 $477,879
2022 $5,372,998 $4,984,354 $119,765,846 $388,644
2021 $4,684,597 $4,462,725 $122,570,683 $221,872
2020 $5,027,153 $4,635,232 $114,665,260 $391,921
2019 $5,365,284 $4,765,527 $97,505,609 $599,757
2018 $5,080,672 $4,573,348 $90,609,467 $507,324
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