CREDIT UNIONS CHARTERED IN THE STATE OF CO 240 COMMUNITY CHOICE CREDIT UNION (EIN 840512667) - 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

1952

Legal Domicile

Principal Officer

LORETTA THOMAS

Phone

3032878025

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF CO 240 COMMUNITY CHOICE CREDIT UNION, founded in 1952, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $993K, a strong 20% operating margin.

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 $3,730,499

Investment Income $1,053,077

Other Revenue $138,699

TOTAL REVENUE $4,922,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,768,787

Fundraising Expenses $0

Other Expenses $2,160,779

TOTAL EXPENSES $3,929,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,922,275	$3,701,255	+0.3%
Expenses	$3,929,566	$3,394,264	+0.2%
Net Income	$992,709	$306,991	+2.2%

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

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

$795,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA LARSEN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DONALD MAY	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KARL WHITE	TREASURER	1.00	Officer Director	$0	$0	$0
JOE HOLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK HAGAMAN	DIRECTOR	1.00	Director	$0	$0	$0
DALE MINGILTON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LAST	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CRAFT	CIO	50.00	Officer	$119,831	$22,774	$142,605
RAINY THOEN	CEO	55.00	Officer	$303,205	$51,027	$354,232
LORETTA THOMAS	CFO	50.00	Officer	$120,210	$22,786	$142,996
KELI GINTER	COO	50.00	Officer	$131,446	$24,014	$155,460

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	$4,922,275	$3,929,566	$98,890,399	$992,709
2022	$3,701,255	$3,394,264	$103,995,358	$306,991
2021	$3,746,307	$3,737,619	$105,371,750	$8,688
2020	$2,862,524	$2,787,697	$68,406,486	$74,827
2019	$3,315,730	$2,896,992	$61,340,752	$418,738
2018	$3,174,434	$2,633,702	$61,286,168	$540,732

CREDIT UNIONS CHARTERED IN THE STATE OF CO 240 COMMUNITY CHOICE CREDIT UNION