RED ROCKS 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

1979

Legal Domicile

Principal Officer

DARIUS WISE

Phone

3034717625

Tax Period

2023-01-01 to 2023-12-31

RED ROCKS CREDIT UNION, founded in 1979, is a mid-sized nonprofit that reported $19.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ENRICHING LIVES

Program Service Accomplishments

Program 1

THE CREDIT UNION IS OWNED BY APPROXIMATELY 17,000 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, SHARED BRANCHING SERVICES, DEPOSIT/TRANSACTIONAL...

THE CREDIT UNION IS OWNED BY APPROXIMATELY 17,000 MEMBERS. THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS, SUCH AS CONSUMER LENDING, SHARED BRANCHING SERVICES, DEPOSIT/TRANSACTIONAL SERVICES, MORTGAGE LENDING, HOME BANKING, BILL PAYMENT AND OTHERS FINANCIAL SERVICES.

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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 $18,007,327

Investment Income $1,666,586

Other Revenue $9,709

TOTAL REVENUE $19,683,622

Expense Breakdown

Grants Paid $65,725

Salaries & Benefits $5,628,440

Fundraising Expenses $0

Other Expenses $13,669,357

TOTAL EXPENSES $19,363,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,683,622	$16,547,965	+0.2%
Expenses	$19,363,522	$16,195,877	+0.2%
Net Income	$320,100	$352,088	-0.1%

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

$877,164

Total Directors

Key Employees

$585,657

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOERI CARTY	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
CESAR AMICARELLA	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JULIE MENSING	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
TIFFANY WATTS	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREA PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE MASSAQUOI	BOARD MEMBER	2.00	Director	$0	$0	$0
AGNES AUDEBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
DARIUS WISE	PRESIDENT/CEO	40.00	Officer	$393,532	$53,988	$447,520
ELIZABETH GUERRERO	EXECUTIVE VICE PRESIDENT/CFO	40.00	Officer	$257,404	$62,026	$319,430
DUC CHU	CTO	40.00	Officer	$94,317	$15,897	$110,214
HELEN GIBSON	SVP, MEMBER EXPERIENCE	40.00	Key Emp	$201,303	$51,041	$252,344
MARY RAMOS	SVP, PEOPLE SERVICES	40.00	Key Emp	$150,163	$362	$150,525
KATHRYN SHUT	VP, DATA ENABLEMENT	40.00	Key Emp	$158,196	$24,592	$182,788
CHRISTINA MAUL	VP, RISK MANAGEMENT	40.00	Highest	$111,349	$48,787	$160,136
RODERICK WASHINGTON	SVP, IT	40.00	Highest	$108,824	$11,964	$120,788

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	$19,683,622	$19,363,522	$327,115,000	$320,100
2022	$16,547,965	$16,195,877	$346,576,542	$352,088
2021	$14,106,899	$14,816,341	$358,530,092	$-709,442
2020	$14,597,762	$14,705,422	$355,813,218	$-107,660
2019	$17,201,228	$14,451,828	$342,937,475	$2,749,400
2018	$15,809,042	$13,075,931	$307,456,570	$2,733,111