PARTNER COLORADO CREDIT UNION (EIN 840187935) - 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

1931

Legal Domicile

Principal Officer

JEN MEYERS

Phone

3034226221

Tax Period

2023-01-01 to 2023-12-31

PARTNER COLORADO CREDIT UNION, founded in 1931, is a mid-sized nonprofit that reported $25.9M in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $89.9M exceeded revenue, resulting in a 247% operating deficit.

Mission

TO PROMOTE THRIFT AND PROVIDE 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 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,385,150

Investment Income $2,075,494

Other Revenue $4,455,134

TOTAL REVENUE $25,915,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,737,075

Fundraising Expenses $0

Other Expenses $70,152,102

TOTAL EXPENSES $89,889,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,915,778	$100,266,157	-0.7%
Expenses	$89,889,177	$49,075,051	+0.8%
Net Income	$-63,973,399	$51,191,106	-2.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

140

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

$3,541,269

Total Directors

$293,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN LUJAN	DIRECTOR (THRU 1/27/2023)	10.00	Director	$3,250	$0	$3,250
LINDA POUNDS	DIRECTOR	7.00	Director	$39,000	$0	$39,000
TRAVIS BRAY	DIRECTOR	5.30	Director	$39,000	$0	$39,000
JULIE TOWERS	DIRECTOR	5.00	Director	$39,000	$0	$39,000
DAVID BURKE	DIRECTOR	5.00	Director	$32,500	$0	$32,500
TOBY RAMPA	SECRETARY/TREASURER	6.25	Officer Director	$45,000	$0	$45,000
LINDA HEAD	CHAIRPERSON	20.00	Officer Director	$51,000	$0	$51,000
RICHARD BOLLIG	VICE CHAIRMAN	10.00	Officer Director	$45,000	$0	$45,000
DOUG FAGAN	CEO/PRESIDENT	40.00	Officer	$608,061	$31,399	$639,460
DEBRA DUNNING UNTIL 1003	EVP	40.00	Officer	$213,799	$15,577	$229,376
CAROL WADLEIGH	CIO	40.00	Officer	$213,562	$17,462	$231,024
SPENCER GUILFORD	COO	40.00	Officer	$207,296	$24,621	$231,917
KIM CARTER	VP OF SPECIAL SERVICES	40.00	Officer	$307,889	$16,042	$323,931
CHOUA LY	SVP OF LENDING	40.00	Officer	$272,515	$20,717	$293,232
KRISTA STAFFORD-EVANS	VP OF MARKETING	40.00	Officer	$152,363	$6,778	$159,141
EILEEN ARNOLD	VP OF ACCOUNTING	40.00	Officer	$259,558	$24,353	$283,911
DANA ZAMORA	VP OF HUMAN RESOURCES	40.00	Officer	$269,759	$17,012	$286,771
LESLIE SPENCE	VP OF MEMBER EXPERIENCE	40.00	Officer	$134,428	$14,480	$148,908
JORGE PALMA	AVP OF FINANCE	40.00	Officer	$117,350	$13,609	$130,959
TAMRA ANDERSON	VP OF DEALER RELATIONS	40.00	Officer	$165,831	$11,154	$176,985
JENNIFER MEYERS	CFO	40.00	Officer	$245,115	$19,539	$264,654
SUNDIE SEEFRIED	CEO OF FORMER RELATED ENTITY	40.00		$7,793,829	$0	$7,793,829

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	$25,915,778	$89,889,177	$633,664,685	$-63,973,399
2022	$100,266,157	$49,075,051	$695,072,554	$51,191,106
2021	$26,663,634	$19,078,640	$575,170,940	$7,584,994
2020	$27,784,035	$23,814,114	$520,586,653	$3,969,921
2019	$29,113,712	$22,561,545	$448,844,983	$6,552,167
2018	$23,192,164	$19,010,212	$417,941,968	$4,181,952

PARTNER COLORADO CREDIT UNION