ARAPAHOE CREDIT UNION

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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

1938

Legal Domicile

Principal Officer

SCOTT FERNDELLI

Phone

3037407063

Tax Period

2023-01-01 to 2023-12-31

ARAPAHOE CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2023. Expenses of $12.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

ARAPAHOE CREDIT UNION, THROUGH SOUND FISCAL PRACTICE, EXISTS TO PROVIDE INNOVATIVE PRODUCTS AND QUALITY SERVICES THAT HELP MEET THE DAILY FINANCIAL NEEDS AND LONG-TERM GOALS OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $12,811,290

ACU PROVIDES CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERSHIP ALONG WITH SAVINGS AND INVESTMENT ACCOUNTS. MANY DELIVERY CHANNELS ARE UTILIZED TO PROVIDE THESE PRODUCTS INCLUDING, BUT NOT LIMITED TO, TELLER LINE, SHARED BRANCHING, DEBIT AND CREDIT CARDS, ONLINE BANKING AND BILL PAY. BESIDES PROVIDING THESE PRODUCTS AND SERVICES, ARAPAHOE CREDIT UNION PARTICIPATES AND PROVIDES RESOURCES FOR OUR COMMUNITY AND ARAPAHOE COUNTY SCHOOL DISTRICT EVENTS.

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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 $9,876,737

Investment Income $436,517

Other Revenue $1,713

TOTAL REVENUE $10,314,967

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $3,376,002

Fundraising Expenses $0

Program Expenses $12,811,290

Other Expenses $9,430,288

TOTAL EXPENSES $12,811,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,314,967	$10,675,326	0.0%
Expenses	$12,811,290	$9,994,991	+0.3%
Net Income	$-2,496,323	$680,335	-4.7%

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

N/A

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

$896,281

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE KARR	DIRECTOR	3.00	Director	$0	$0	$0
KATHI ERBER	VICE CHAIR	3.00	Director	$0	$0	$0
RON SCHUMACHER	TREASURER	3.00	Director	$0	$0	$0
PAT MCINTOSH	CHAIRMAN	3.00	Director	$0	$0	$0
ANDREW SEXTON	SECRETARY	3.00	Director	$0	$0	$0
ANDREW ROTH	DIRECTOR	3.00	Director	$0	$0	$0
WYN BARRETT	DIRECTOR	3.00	Director	$0	$0	$0
JUDI GARVEY-LEFEBVRE	AUDIT COMMITTEE	3.00	Director	$0	$0	$0
SCOTT FERNDELLI	PRESIDENT/CEO	40.00	Officer	$296,364	$66,862	$363,226
SHAUNA EXSTROM	VP CORP ADMIN	40.00	Officer	$148,733	$29,568	$178,301
CHRISTINE ECKHARDT	COO	40.00	Officer	$184,185	$36,662	$220,847
CHRISTINA ARCHULETA	AVP OF FINANCE	40.00	Officer	$108,744	$25,163	$133,907

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	$10,314,967	$12,811,290	$164,150,908	$-2,496,323
2022	$10,675,326	$9,994,991	$173,082,508	$680,335
2021	$8,110,476	$7,199,851	$161,441,779	$910,625
2020	$7,572,182	$7,350,000	$150,451,476	$222,182
2019	$7,393,295	$6,975,554	$138,432,368	$417,741
2018	$6,390,211	$6,120,120	$144,230,791	$270,091