CREDIT UNIONS CHARTERED IN THE STATE OF UTAH (EIN 870212887) - 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

1935

Legal Domicile

Principal Officer

Steve Pratt

Phone

8014871692

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH, founded in 1935, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $8.1M left a modest 11% surplus.

Mission

To provide financial services to the credit union members.

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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 $0

Investment Income $702,426

Other Revenue $8,322,314

TOTAL REVENUE $9,024,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,661,601

Fundraising Expenses $0

Program Expenses $8,227,396

Other Expenses $5,395,295

TOTAL EXPENSES $8,056,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,024,740	$7,637,561	+0.2%
Expenses	$8,056,896	$6,383,680	+0.3%
Net Income	$967,844	$1,253,881	-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

Governance

Voting Members

Independent Members

N/A

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

$428,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Rood	CFO	40	Officer	$147,101	$0	$147,101
Steven Pratt	CEO	40	Officer	$141,625	$0	$141,625
Scott Peterson	CLO	40	Officer	$140,061	$0	$140,061
Ed Samuels	Loan Manager	40	Highest	$100,373	$0	$100,373
Roger Beynon	Board Chairman	0	Director	$0	$0	$0
James Saley	Vice Chairman	0	Director	$0	$0	$0
Gary Rogers	Board Secretary	0	Director	$0	$0	$0
Ron Skog	Board Member	0	Director	$0	$0	$0
Rose Kocinski	Board Member	0	Director	$0	$0	$0
Kent Montgomery	Board Member	0	Director	$0	$0	$0
Will Spencer	Board 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
2024	No data	No data	No data	No data
2023	$9,024,740	$8,056,896	$182,691,052	$967,844
2022	$7,637,561	$6,383,680	$184,720,250	$1,253,881
2021	$7,303,086	$6,137,002	$185,988,515	$1,166,084
2020	$8,119,690	$6,607,396	$171,754,774	$1,512,294
2019	$8,231,926	$6,481,808	$146,975,586	$1,750,118
2018	$7,366,923	$5,847,079	$141,671,921	$1,519,844

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH