CREDIT UNION OF THE ROCKIES (EIN 840402825) - 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

1937

Legal Domicile

Principal Officer

PETER BULLARD

Phone

3032735200

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION OF THE ROCKIES, founded in 1937, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 5% surplus.

Mission

TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY PROVIDING THEM THE OPPORTUNITY TO ACCUMULATE SHARES AND TO MAKE LOANS FROM THEM.

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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 $5,375,506

Investment Income $422,198

Other Revenue $11,369

TOTAL REVENUE $5,809,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,606,685

Fundraising Expenses $0

Other Expenses $2,922,048

TOTAL EXPENSES $5,528,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,809,073	$5,012,668	+0.2%
Expenses	$5,528,733	$4,683,619	+0.2%
Net Income	$280,340	$329,049	-0.1%

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

$461,913

Total Directors

$33,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTINA FERRIS	CHAIRPERSON	1.00	Director	$3,846	$0	$3,846
DAVID REYNOLDS	VICE CHAIRPERSON	0.50	Director	$4,994	$0	$4,994
WENDY DAVIS	SECRETARY/TREASURER	0.50	Director	$4,994	$0	$4,994
THOMAS DAVIDSON	DIRECTOR	0.50	Director	$4,994	$0	$4,994
MILFORD ADAMS	DIRECTOR	0.50	Director	$4,757	$0	$4,757
ANDREW MCCABE	DIRECTOR	0.50	Director	$4,994	$0	$4,994
NATHANIEL PETERSON	DIRECTOR	0.50	Director	$4,994	$0	$4,994
PETER BULLARD	PRESIDENT/CEO	50.00	Officer	$199,173	$18,627	$217,800
ROBERT BRUHN	CFO	50.00	Officer	$111,522	$7,068	$118,590
KARRIE MARCHESE	COO	50.00	Officer	$107,764	$17,759	$125,523

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	$5,809,073	$5,528,733	$114,491,021	$280,340
2022	$5,012,668	$4,683,619	$124,187,200	$329,049
2021	$4,606,890	$4,637,145	$121,614,043	$-30,255
2020	$4,612,098	$5,007,159	$116,327,519	$-395,061
2019	$5,191,431	$4,784,941	$96,705,825	$406,490
2018	$4,797,305	$4,415,444	$95,070,246	$381,861

CREDIT UNION OF THE ROCKIES