CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO

EIN: 840432974

Wheat Ridge, CO

Total Revenue
$1,136,971
Total Expenses
$1,188,149
Total Assets
$24,359,766
Net Assets
$4,202,721
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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
CO
Principal Officer
MARK HACHTEL
Phone
3034256627
Tax Period
2018-01-01 to 2018-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF COLORADO, founded in 1937, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Net assets of $4.2M represent 44 months of operating reserves.

Mission

Member-Owned, not-for-profit credit union (Financial Institution).

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,071,769
Investment Income $65,202
Other Revenue $0
TOTAL REVENUE $1,136,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $448,772
Fundraising Expenses $0
Program Expenses $1,188,149
Other Expenses $739,377
TOTAL EXPENSES $1,188,149

Year-over-Year Comparison

2018 2017 Change
Revenue $1,136,971 $1,060,019 +0.1%
Expenses $1,188,149 $1,140,395 +0.0%
Net Income $-51,178 $-80,376 -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

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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
5

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louise Maiers Vice-Chairperson 0
Director
$0 $0 $0
Barbara Gallagher Board Member 0
$0 $0 $0
Albert Bole Chaiperson 0
Officer
$0 $0 $0
Fred Frank Supervisory Committee Chairman 0
Officer
$0 $0 $0
Alan Altman Board Secretary 0
Officer
$0 $0 $0
Mark Hachtel Treasurer/CEO 60
Highest
$96,000 $0 $96,000
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
2018 $1,136,971 $1,188,149 $24,359,766 $-51,178
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