STATE EMPLOYEES CREDIT UNION (EIN 856010733) - 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

1958

Legal Domicile

Principal Officer

ANDY RAMOS

Phone

5059837328

Tax Period

2023-01-01 to 2023-12-31

STATE EMPLOYEES CREDIT UNION, founded in 1958, is a mid-sized nonprofit that reported $58.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.4M, a strong 18% operating margin.

Mission

NEW MEXICO STATE-CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS AS PROVIDED BY THE NEW MEXICO CREDIT UNION ACT

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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 $53,482,611

Investment Income $4,818,724

Other Revenue $83,286

TOTAL REVENUE $58,384,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,186,914

Fundraising Expenses $0

Other Expenses $31,764,694

TOTAL EXPENSES $47,951,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,384,621	$48,283,901	+0.2%
Expenses	$47,951,608	$33,149,896	+0.4%
Net Income	$10,433,013	$15,134,005	-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

Independent Members

Employees

249

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

$1,367,730

Total Directors

Key Employees

$502,548

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY RAEL	CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE VIGIL-COPPLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KENNETH KIRK	TREASURER	1.00	Officer Director	$0	$0	$0
PAMELA GONZALES	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL DURAN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA HENDLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY WICKARD	DIRECTOR	1.00	Director	$0	$0	$0
ANDY RAMOS	PRESIDENT/CEO	40.00	Officer	$575,842	$17,782	$593,624
SCHWAN HARDI	EVP CHIEF FINANCIAL OFF (THRU 06/23)	40.00	Officer	$110,806	$0	$110,806
ETHAN HENDRICKSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$31,382	$2,091	$33,473
LINDSAY JONES	EVP CHIEF OPERATIONS OFFICER	40.00	Officer	$293,922	$28,907	$322,829
EDWARD CHRISTIANS	EVP CHIEF INFORMATION OFFICER	40.00	Officer	$275,920	$31,078	$306,998
EMILIO ATENCIO	CHIEF LENDING OFFICER	40.00	Key Emp	$202,713	$36,878	$239,591
WILLIAM THORN	CHIEF PEOPLE OFFICER	40.00	Key Emp	$225,748	$37,209	$262,957
RYAN KLINKRODT	VP COMMERICAL LENDING	40.00	Highest	$205,999	$41,471	$247,470
MARIA SUAZO	SVP RETAIL ENGAGEMENT	40.00	Highest	$148,795	$46,865	$195,660
KYLE MOORE	SVP MARKETING & COMMUNITY	40.00	Highest	$138,186	$45,482	$183,668
DARLENE VIGIL	AVP/REAL ESTATE LOAN MANAGER	40.00	Highest	$127,993	$31,008	$159,001
GABRIEL FERNANDEZ	VP COMMERICAL LENDING	40.00	Highest	$131,896	$31,504	$163,400

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	$58,384,621	$47,951,608	$1,149,326,046	$10,433,013
2022	$48,283,901	$33,149,896	$1,068,857,027	$15,134,005
2022	$48,283,901	$33,149,896	$1,068,857,027	$15,134,005
2021	$39,868,558	$29,098,888	$936,346,148	$10,769,670
2019	$35,070,283	$27,230,165	$636,267,686	$7,840,118
2018	$31,268,148	$24,586,282	$569,598,930	$6,681,866

STATE EMPLOYEES CREDIT UNION