COCHISE CREDIT UNION

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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

SHELLEY THOMPSON

Phone

5203842822

Tax Period

2024-01-01 to 2024-12-31

COCHISE CREDIT UNION, founded in 1958, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 34% operating margin.

Mission

THE CREDIT UNION WAS ESTABLISHED TO PROMOTE THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION CURRENTLY MAINTAINS 11,703 ACCOUNTS AND SERVES ITS MEMBERSHIP BY HOLDING DEPOSITS FOR AND MAKING LOANS TO ITS 5,650 MEMBERS DURING THE YEAR.

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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 $3,209,748

Investment Income $369,846

Other Revenue $11,260

TOTAL REVENUE $3,590,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $798,845

Fundraising Expenses $0

Other Expenses $1,566,430

TOTAL EXPENSES $2,365,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,590,854	$3,032,075	+0.2%
Expenses	$2,365,275	$1,787,597	+0.3%
Net Income	$1,225,579	$1,244,478	0.0%

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

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

$118,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY THOMPSON	CEO/GENERAL MANAGER	40.00	Officer	$106,214	$12,570	$118,784
TROY JUDD	CHAIRPERSON	4.50	Officer Director	$0	$0	$0
BETSY AJEMAN	VICE CHAIRPERSON	5.00	Officer Director	$0	$0	$0
BETTY PETERSON	TREASURER	6.00	Officer Director	$0	$0	$0
NANCY WELCH	SECRETARY	3.00	Officer Director	$0	$0	$0
KATHY MORENO	MEMBER	3.00	Director	$0	$0	$0
LORIE MOREMAN	MEMBER	2.50	Director	$0	$0	$0
DAN DOUGLAS	MEMBER	3.00	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
2024	$3,590,854	$2,365,275	$67,312,907	$1,225,579
2023	$3,032,075	$1,787,597	$58,650,837	$1,244,478
2022	$2,422,011	$1,506,538	$59,107,884	$915,473
2021	$2,079,446	$1,378,061	$54,539,696	$701,385
2020	$1,940,898	$1,367,968	$47,835,279	$572,930
2019	$1,959,530	$1,290,852	$36,748,197	$668,678
2018	$1,724,398	$1,276,120	$34,023,064	$448,278
2018	$1,724,398	$1,276,120	$34,023,064	$448,278
2017	$1,508,087	$1,174,124	$32,706,065	$333,963