SunWest Educational Credit Union

EIN: 840417233

Pueblo, CO

Total Revenue
$10,156,671
Total Expenses
$8,335,951
Total Assets
$208,549,423
Net Assets
$18,981,696
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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
1935
Legal Domicile
CO
Principal Officer
Leslie Shepard
Phone
7195610804
Tax Period
2023-01-01 to 2023-12-31

SunWest Educational Credit Union, founded in 1935, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

SunWest Credit Union will create a place where people feel they belong and can have all of their financial needs met, proactively engage with our members and our community, offer easily accessible financial products and services that meet our members' needs, and grow our financial strength so we can continuously develop offerings relevant to our members' changing lives.

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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 $8,718,388
Investment Income $1,368,497
Other Revenue $69,786
TOTAL REVENUE $10,156,671

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,814,903
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,521,048
TOTAL EXPENSES $8,335,951

Year-over-Year Comparison

2023 2022 Change
Revenue $10,156,671 $8,082,151 +0.3%
Expenses $8,335,951 $6,178,034 +0.3%
Net Income $1,820,720 $1,904,117 0.0%
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
47
Volunteers
10

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
6
$661,869
Total Directors
7
$668
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leslie Shepard President/CEO 45
Officer
$155,447 $16,242 $171,689
Amy Galassini Vice President of Finance 45
Officer
$115,061 $14,652 $129,713
Jeff Meigs Director of IT 45
Officer
$103,562 $14,202 $117,764
Michael Shoaf Vice President of Lending 45
Officer
$109,451 $6,289 $115,740
Alexander Krinsky Vice President of IT 45
Officer
$60,953 $11,512 $72,465
Amy Gasperetti VP of Member Experience 45
Officer
$51,143 $3,355 $54,498
Andy Beeman Board Treasurer 3
Director
$668 $0 $668
David Niccoli Board Chairperson 5
Director
$0 $0 $0
Henry Roman Board Vice-Chairperson 3
Director
$0 $0 $0
Lita Martinez Board Secretary 3
Director
$0 $0 $0
Patrick Garcia Board Member 3
Director
$0 $0 $0
Fred Ingo Board Member 3
Director
$0 $0 $0
Gloria Santistevan-Feeback Board Member 3
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
2024 No data No data No data No data
2023 $10,156,671 $8,335,951 $208,549,423 $1,820,720
2022 $8,082,151 $6,178,034 $203,642,289 $1,904,117
2021 $7,604,912 $5,574,802 $198,856,322 $2,030,110
2020 $7,677,244 $5,844,298 $177,901,799 $1,832,946
2019 $7,225,725 $5,530,801 $149,835,995 $1,694,924
2018 $6,164,511 $4,723,356 $136,277,205 $1,441,155
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