CREDIT UNIONS IN THE STATE OF NEW MEXICO (EIN 856009975) - 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

1955

Legal Domicile

Principal Officer

Matt Schmidt

Phone

5056623421

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF NEW MEXICO, founded in 1955, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 15% surplus.

Mission

Non-Profit Credit Union- Empowering our members to be financially secure.

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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 $1,054,048

Investment Income $225,838

Other Revenue $135,689

TOTAL REVENUE $1,415,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,205,205

Other Expenses $971,202

TOTAL EXPENSES $1,205,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,415,575	$1,107,107	+0.3%
Expenses	$1,205,205	$942,542	+0.3%
Net Income	$210,370	$164,565	+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

2126

Independent Members

2126

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Schmidt	Exec Director/CEO	40	Officer	$110,000	$0	$110,000
Jennifer Elson	Board Chairman	1	Director	$0	$0	$0
Jason Chappel	Vice-Chairman	1	Director	$0	$0	$0
Chelly Young	Board Member	1	Director	$0	$0	$0
Jenny Lathrop	Secretary	1	Director	$0	$0	$0
Tom Castillo	Board Member	1	Director	$0	$0	$0
Michael Johnson	Board Member	1	Director	$0	$0	$0
Ezekiel Aragon	Board Treasurer	1	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,415,575	$1,205,205	$30,258,287	$210,370
2022	$1,107,107	$942,542	$27,815,362	$164,565
2021	$909,339	$822,320	$26,642,780	$87,019
2020	$914,644	$814,163	$23,662,105	$100,481
2019	$864,588	$717,411	$19,760,201	$147,177
2018	$773,601	$623,713	$19,644,293	$149,888

CREDIT UNIONS IN THE STATE OF NEW MEXICO