CREDIT UNIONS CHARTERED IN COLORADO 20 WESTERRA CREDIT UNION (EIN 840188017) - 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

1934

Legal Domicile

Principal Officer

STEVEN SCHMIDLE

Phone

3033214209

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN COLORADO 20 WESTERRA CREDIT UNION, founded in 1934, is a major nonprofit that reported $135.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $130.3M left a modest 4% surplus.

Mission

TO POSITIVELY IMPACT LIVES THROUGH PERSONAL ATTENTION AND FINANCIAL EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,348,458

Investment Income $41,939,385

Other Revenue $-495,064

TOTAL REVENUE $135,792,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,742,075

Fundraising Expenses $0

Other Expenses $98,520,419

TOTAL EXPENSES $130,262,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,792,779	$121,250,039	+0.1%
Expenses	$130,262,494	$111,713,999	+0.2%
Net Income	$5,530,285	$9,536,040	-0.4%

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

347

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

$2,311,046

Total Directors

$175,800

Key Employees

$271,429

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY RAICEVICH	CHAIRMAN	16.00	Officer Director	$30,000	$0	$30,000
LARRY OTTELE	VICE CHAIRMAN	8.00	Officer Director	$24,000	$0	$24,000
JAMES KULLHEM	DIRECTOR	8.00	Director	$24,000	$0	$24,000
BARRY BEAL JR	TREASURER	10.00	Officer Director	$25,800	$0	$25,800
WILLIAM ABBEY	SECRETARY	8.00	Officer Director	$24,000	$0	$24,000
JOHN THOMAS GAIETTO	DIRECTOR	8.00	Director	$24,000	$0	$24,000
LAURA MORALES	DIRECTOR	8.00	Director	$24,000	$0	$24,000
STEVEN SCHMIDLE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$1,055,797	$217,291	$1,273,088
BROOKE FLEMING	CHIEF LENDING OFFICER	40.00	Officer	$329,888	$115,692	$445,580
DANIEL J KUTCH	CHIEF FINANCIAL OFFICER	40.00	Officer	$218,077	$10,918	$228,995
ELINOR FORDYCE	CHIEF PEOPLE OFFICER (THRU 07/05/24)	40.00	Officer	$157,423	$30,769	$188,192
MILTON STEVENS	CHIEF DIGITAL OFFICER(THRU 01/24/24)	40.00	Officer	$71,391	$0	$71,391
GERALD ANNIS	SVP TECHNOLOGY	40.00	Key Emp	$230,100	$41,329	$271,429
SAMUEL ROY-JACKSON STOOKEY	COMMERCIAL LOAN OFFICER	40.00	Highest	$327,942	$7,901	$335,843
KEVIN KENDALL	RETAIL MORTGAGE LOAN OFFICER	40.00	Highest	$272,045	$20,298	$292,343
DAVID NEFF	COMMERCIAL LOAN OFFICER	40.00	Highest	$261,567	$13,638	$275,205
BRIAN BERRIER	VP FINANCE	40.00	Highest	$233,887	$20,009	$253,896
MICHELLE BURKE	VP MORTGAGE LENDING	40.00	Highest	$232,953	$53,773	$286,726

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	$135,792,779	$130,262,494	$2,129,888,986	$5,530,285
2023	$121,250,039	$111,713,999	$2,173,846,808	$9,536,040
2022	$72,674,242	$73,263,219	$2,204,895,683	$-588,977
2021	$60,087,395	$61,125,029	$1,970,586,116	$-1,037,634
2020	$66,905,343	$64,449,601	$1,816,975,621	$2,455,742
2019	$71,471,009	$61,337,537	$1,571,773,647	$10,133,472
2018	$66,895,032	$58,453,539	$1,539,994,930	$8,441,493

CREDIT UNIONS CHARTERED IN COLORADO 20 WESTERRA CREDIT UNION