COLORADO CREDIT UNION (EIN 840660269) - 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

1973

Legal Domicile

Principal Officer

SCOTT SAGER

Phone

3039782274

Tax Period

2024-01-01 to 2024-12-31

COLORADO CREDIT UNION, founded in 1973, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $23.5M 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,334,278

Investment Income $3,355,771

Other Revenue $13,083

TOTAL REVENUE $25,703,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,413,206

Fundraising Expenses $0

Other Expenses $16,070,081

TOTAL EXPENSES $23,483,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,703,132	$22,060,005	+0.2%
Expenses	$23,483,287	$20,401,215	+0.2%
Net Income	$2,219,845	$1,658,790	+0.3%

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

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

$2,266,714

Total Directors

$208,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT BLACKHURST	BOARD MEMBER	2.00	Director	$18,000	$0	$18,000
RAY GOODWIN	VICE CHAIR	2.00	Officer Director	$18,000	$0	$18,000
KATHY SORENSEN	ASSISTANT SECRETARY	2.00	Officer Director	$18,000	$0	$18,000
ROLAND CARRILLO	ASSISTANT TREASURER	2.00	Officer Director	$18,000	$0	$18,000
JEFF HAGER	CHAIR	2.00	Officer Director	$25,500	$0	$25,500
TOM BUSH	SECRETARY	2.00	Officer Director	$18,000	$0	$18,000
SAM BIEGELSON	BOARD MEMBER	2.00	Director	$18,000	$0	$18,000
MARIETTE VAN ENGELEN	BOARD MEMBER	2.00	Director	$18,000	$0	$18,000
PAUL PATRICCA	TREASURER	2.00	Officer Director	$19,500	$0	$19,500
GREG VIERGUTZ	BOARD MEMBER	2.00	Director	$19,000	$0	$19,000
JASON MCCAULEY	BOARD MEMBER	2.00	Director	$18,000	$0	$18,000
MICHAEL WILLIAMS	PRESIDENT/CEO	45.00	Officer	$346,218	$345,954	$692,172
SCOTT SAGER	CHIEF FINANCIAL OFFICER	45.00	Officer	$212,936	$22,376	$235,312
GREGORY HAMILTON	EXECUTIVE VICE PRESIDENT	45.00	Officer	$224,430	$33,893	$258,323
AUDREY SNYDER WILLIS	VICE PRESIDENT OF HR	40.00	Officer	$149,157	$22,415	$171,572
ELIZABETH DERR	VP OF CORPORATE ADMIN	40.00	Officer	$130,602	$18,856	$149,458
JOHN RYAN CHISM	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$169,885	$20,690	$190,575
SHAUNA BRAZIL	VICE PRESIDENT OF LENDING	40.00	Officer	$134,770	$21,401	$156,171
SARAH K HAERTL	VP OF MARKETING, BUSINESS	40.00	Officer	$139,505	$19,561	$159,066
CARL MURPHY	VICE PRESIDENT OF RISK MANAGEMENT	40.00	Officer	$119,536	$17,529	$137,065
KIM HARRIS	DIRECTOR OF MORTGAGE LENDING	40.00	Highest	$188,844	$19,246	$208,090
JOSHUA HARDEN	DIRECTOR OF TRAINING & HR	40.00	Highest	$121,417	$17,848	$139,265
MONA NINETE	DIRECTOR OF STRATEGIC INIT	40.00	Highest	$105,725	$17,380	$123,105
KERRY SPRADLING	SENIOR ADVISOR	40.00	Highest	$173,786	$22,190	$195,976

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	$25,703,132	$23,483,287	$397,895,301	$2,219,845
2023	$22,060,005	$20,401,215	$374,224,786	$1,658,790
2022	$17,858,120	$12,808,749	$373,673,157	$5,049,371
2021	$14,640,813	$12,169,629	$304,566,032	$2,471,184
2020	$18,228,823	$14,093,313	$265,771,136	$4,135,510
2019	$14,240,950	$12,007,712	$219,118,567	$2,233,238
2018	$12,004,527	$9,905,969	$197,069,440	$2,098,558

COLORADO CREDIT UNION