UTAH HERITAGE CREDIT UNION

EIN: 860229299

MORONI, UT

Total Revenue
$10,352,449
Total Expenses
$7,617,943
Total Assets
$159,744,705
Net Assets
$19,241,249
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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
1969
Legal Domicile
UT
Principal Officer
TAMI OLSEN
Phone
4354368288
Tax Period
2025-01-01 to 2025-12-31

UTAH HERITAGE CREDIT UNION, founded in 1969, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 26% operating margin.

Mission

To assist member's financial growth and stability by building strong relationships one member at a time.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,403,863
Other Revenue $8,948,586
TOTAL REVENUE $10,352,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,171,612
Fundraising Expenses $0
Program Expenses $7,398
Other Expenses $5,446,331
TOTAL EXPENSES $7,617,943

Year-over-Year Comparison

2025 2024 Change
Revenue $10,352,449 $9,229,634 +0.1%
Expenses $7,617,943 $6,956,740 +0.1%
Net Income $2,734,506 $2,272,894 +0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
27
Volunteers
9

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
3
$594,189
Total Directors
9
$0
Key Employees
3
$594,189
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG STERNER CLO 40
Officer Key Emp Highest
$205,697 $0 $205,697
EMILY FAUX COO 40
Officer Key Emp
$197,498 $0 $197,498
TAMI OLSEN CEO 40
Officer Key Emp
$190,994 $0 $190,994
SUSAN LARSEN BOARD MEMBER 0
Director
$0 $0 $0
JEFF ANDERSON BOARD MEMBER 0
Director
$0 $0 $0
CLAUDE PICKETT SECRETARY 0
Director
$0 $0 $0
BRANCH COX BOARD MEMBER CHAIRMAN 0
Director
$0 $0 $0
CASEY ANDERSON BOARD VICE CHAIRMAN 0
Director
$0 $0 $0
CAROL BLAIN SUPERVISORY COMMITTEE MEMBER 0
Director
$0 $0 $0
CAROL JACOBSEN SUPERVISORY COMMITTEE MEMBER 0
Director
$0 $0 $0
BLAKE DONALDSON SUPERVISORY COMMITTEE MEMBER 0
Director
$0 $0 $0
JEREMY MADSEN SUPERVISORY COMMITTEE MEMBER 0
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 $10,352,449 $7,617,943 $159,744,705 $2,734,506
2024 $9,229,634 $6,956,740 $146,741,659 $2,272,894
2023 $7,617,754 $5,415,943 $134,932,464 $2,201,811
2022 $5,511,472 $4,033,210 $119,199,820 $1,478,262
2021 $4,803,441 $3,603,219 $113,659,654 $1,200,222
2020 $4,519,494 $3,601,958 $97,286,773 $917,536
2019 $4,485,086 $3,610,245 $83,075,135 $874,841
2018 $4,000,760 $3,128,360 $72,084,807 $872,400
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