OPTIONS CREDIT UNION (EIN 840818111) - 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

1979

Legal Domicile

Principal Officer

SHERRY ESPINOZA

Phone

3038601117

Tax Period

2023-01-01 to 2023-12-31

OPTIONS CREDIT UNION, founded in 1979, is a small nonprofit that reported $350K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OPTIONS CREDIT UNION (FORMALLY LEGAL COMMUNITY CREDIT UNION OF COLORADO) WAS FOUNDED IN 1979 FOR THE PURPOSE OF PROVIDING AN ALTERNATIVE FINANCIAL SERVICE, FOCUSING ON PERSONALIZED CUSTOMER SERVICE, FOR OUR COMMUNITY.

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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 $334,627

Investment Income $13,816

Other Revenue $1,124

TOTAL REVENUE $349,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,743

Fundraising Expenses $0

Other Expenses $238,382

TOTAL EXPENSES $366,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,567	$317,940	+0.1%
Expenses	$366,125	$315,151	+0.2%
Net Income	$-16,558	$2,789	-6.9%

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

$79,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN MCNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE HALE	SECRETARY	1.00	Director	$0	$0	$0
DAN CUHLANE	VICE CHAIR	1.00	Director	$0	$0	$0
TIM GAFFIGAN	CHAIRMAN	2.00	Director	$0	$0	$0
ALISA STEFFEN	TREASURER	1.00	Director	$0	$0	$0
SHERRY ESPINOZA	CEO	40.00	Officer	$79,238	$0	$79,238

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	$349,567	$366,125	$5,480,692	$-16,558
2022	$317,940	$315,151	$5,294,854	$2,789
2021	$338,341	$305,806	$5,003,841	$32,535
2020	$358,996	$340,509	$6,029,950	$18,487
2019	$397,405	$413,367	$5,675,997	$-15,962
2018	$411,609	$388,030	$5,414,595	$23,579

OPTIONS CREDIT UNION