CREDIT UNIONS IN THE STATE OF NEW MEXICO (EIN 850116621) - 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

1953

Legal Domicile

Principal Officer

TONY DEES

Phone

5052621401

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS IN THE STATE OF NEW MEXICO, founded in 1953, is a mid-sized nonprofit that reported $49.3M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $58.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF RIO GRANDE CREDIT UNION IS TO CREATE A TRUSTED PARTNERSHIP WITH OUR MEMBERS THAT DEMONSTRATES EXCELLENT MEMBER SERVICE BY PROVIDING FINANCIAL EDUCATION SOLUTIONS,COMPETITIVE PRICING AND CONVENIENCE.

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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 $42,683,996

Investment Income $6,624,946

Other Revenue $0

TOTAL REVENUE $49,308,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,898,042

Fundraising Expenses $0

Other Expenses $48,006,395

TOTAL EXPENSES $58,904,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,308,942	$39,583,621	+0.2%
Expenses	$58,904,437	$42,140,393	+0.4%
Net Income	$-9,595,495	$-2,556,772	+2.8%

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

140

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

$516,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MAYFIELD	DIRECTOR	4.00	Director	$0	$0	$0
IRENE SERENA	DIRECTOR	4.00	Director	$0	$0	$0
LISA SEDILLO-WHITE	BOARD VICE CHAIR	4.00	Officer Director	$0	$0	$0
CYNTHIA BORREGO	SECRETARY TREASURER	4.00	Officer Director	$0	$0	$0
MARK SANCHEZ	DIRECTOR	4.00	Director	$0	$0	$0
DIANNE BROWN	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
SUSAN BIERNACKI	DIRECTOR	4.00	Director	$0	$0	$0
TONY DEES	PRESIDENT / CEO	40.00	Officer	$79,327	$0	$79,327
LUKE TANNER	VP OF MARKETING AND COMPLIANCE	40.00	Officer	$107,910	$0	$107,910
MEL LEE	CHIEF INFORMATION OFFICER	40.00	Officer	$168,147	$0	$168,147
JACOB ARMIJO	CHIEF LENDING OFFICER	40.00	Officer	$23,152	$0	$23,152
APRIL BRADSHAW	CHIEF OPERATIONS OFFICER	40.00	Officer	$137,989	$0	$137,989

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	$49,308,942	$58,904,437	$679,457,247	$-9,595,495
2023	$39,583,621	$42,140,393	$611,932,366	$-2,556,772
2022	$35,859,928	$31,238,218	$601,485,351	$4,621,710
2021	$30,802,592	$27,371,125	$531,040,739	$3,431,467
2020	$24,727,029	$23,836,908	$440,440,777	$890,121
2019	$24,886,521	$20,393,929	$344,828,173	$4,492,592
2018	$23,174,587	$17,824,494	$326,745,451	$5,350,093

CREDIT UNIONS IN THE STATE OF NEW MEXICO