CREDIT UNIONS CHARTERED IN STATE OF CO 85 ON TAP CREDIT UNION (EIN 840442238) - 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

1954

Legal Domicile

Principal Officer

TRACIE WILCOX

Phone

3032796414

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS CHARTERED IN STATE OF CO 85 ON TAP CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $20.4M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $18.6M left a modest 9% surplus.

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 $18,639,166

Investment Income $1,747,030

Other Revenue $5,432

TOTAL REVENUE $20,391,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,735,269

Fundraising Expenses $0

Other Expenses $11,842,536

TOTAL EXPENSES $18,577,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,391,628	$15,901,792	+0.3%
Expenses	$18,577,805	$13,663,927	+0.4%
Net Income	$1,813,823	$2,237,865	-0.2%

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

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

$1,679,882

Total Directors

$171,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONI HOUCK	CHAIRMAN	2.00	Officer Director	$24,750	$0	$24,750
DAN SUNG	VICE CHAIR	2.00	Officer Director	$24,000	$0	$24,000
KIRSTEN JOHNSON	SECRETARY/TREASURER	2.00	Officer Director	$26,250	$0	$26,250
DAVID ENGLE	BOARD MEMBER	2.00	Director	$24,000	$0	$24,000
DEAN VALDEZ	BOARD MEMBER	2.00	Director	$24,000	$0	$24,000
RALPH NORMAN	BOARD MEMBER	2.00	Director	$24,000	$0	$24,000
KENNETH HEHIR	BOARD MEMBER	2.00	Director	$24,000	$0	$24,000
TRACIE WILCOX	PRESIDENT/CEO	40.00	Officer	$356,214	$38,622	$394,836
JANELLE HERRERA	VP MARKETING	40.00	Officer	$162,381	$38,175	$200,556
CHRIS BOKOVITZ	CIO	40.00	Officer	$171,772	$25,321	$197,093
AMY PHILLIPS	CHIEF FINANCIAL OFFICER	40.00	Officer	$194,409	$34,977	$229,386
LAURIE JENSEN	MEMBER ENGAGEMENT/RETAIL D	40.00	Officer	$155,587	$31,719	$187,306
TONY NIETO	VP OF LENDING	40.00	Officer	$171,278	$32,474	$203,752
DAISY ROMO	EXECUTIVE AT LARGE	40.00	Officer	$176,015	$15,938	$191,953
GENE LAMANSKY	CONTROLLER	40.00	Highest	$152,202	$34,303	$186,505
VERNA KAY	VP OF CULTURAL STEWARDSHIP	40.00	Highest	$123,874	$15,089	$138,963
NICK KING	DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$110,999	$15,870	$126,869
DAWN SANCHEZ	DIRECTOR OF STRATEGIC IMPLEMENTATIONS	40.00	Highest	$111,791	$19,594	$131,385
TYLER RICHARDS	DIRECTOR OF CONSUMER LENDING	40.00	Highest	$111,827	$15,730	$127,557

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	$20,391,628	$18,577,805	$394,583,842	$1,813,823
2022	$15,901,792	$13,663,927	$371,088,494	$2,237,865
2021	$14,599,504	$12,580,461	$372,330,766	$2,019,043
2020	$15,289,154	$14,759,862	$348,759,868	$529,292
2019	$15,518,515	$13,734,689	$284,237,178	$1,783,826
2018	$14,705,603	$12,931,110	$260,332,210	$1,774,493

CREDIT UNIONS CHARTERED IN STATE OF CO 85 ON TAP CREDIT UNION