LOCO CREDIT UNION (EIN 856010427) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Phone

5754373110

Tax Period

2024-01-01 to 2024-12-31

LOCO CREDIT UNION, founded in 1953, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Net assets of $8.4M represent 26 months of operating reserves.

Mission

PROVIDING DEPOSIT & LOAN PRODUCTS & SERVICES TO MEMBERS OF THE ORGANIZATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,602,511

Investment Income $529,922

Other Revenue $764,279

TOTAL REVENUE $3,896,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,011,128

Fundraising Expenses $0

Other Expenses $3,205,757

TOTAL EXPENSES $4,216,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,896,712	$3,995,477	0.0%
Expenses	$4,216,885	$3,981,773	+0.1%
Net Income	$-320,173	$13,704	-24.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$214,138

Total Directors

$112,291

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD WHEELER	CHAIR	2.00	Officer Director	$0	$0	$0
DAVE OLSEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN KENT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DAVID JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY VALDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY GOLDSMITH	MEMBER	2.00	Director	$0	$0	$0
DEANNA SCHLENSIG	CEO/TREASURER	40.00	Officer Director	$112,291	$0	$112,291
RITA SAIZA	CFO	40.00	Officer Highest	$101,847	$0	$101,847

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	$3,896,712	$4,216,885	$62,115,746	$-320,173
2023	$3,995,477	$3,981,773	$65,849,910	$13,704
2022	$4,130,099	$3,619,373	$67,045,402	$510,726
2021	$3,847,469	$3,542,676	$66,930,328	$304,793
2020	$4,058,928	$3,381,952	$58,035,107	$676,976
2019	$4,049,274	$3,318,236	$50,466,084	$731,038
2018	$3,519,905	$2,834,372	$48,049,840	$685,533

LOCO CREDIT UNION