UTAH LEAGUE OF CREDIT UNIONS (EIN 870225267) - 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

1965

Legal Domicile

Principal Officer

RUSTY CANNON

Phone

8019723400

Tax Period

2024-01-01 to 2024-12-31

UTAH LEAGUE OF CREDIT UNIONS, founded in 1965, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 9% surplus.

Mission

RENDERING SERVICES TO MEMBER CREDIT UNIONS

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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 $2,835,347

Investment Income $99,089

Other Revenue $131,995

TOTAL REVENUE $3,066,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,359

Fundraising Expenses $0

Program Expenses $2,801,031

Other Expenses $1,501,672

TOTAL EXPENSES $2,801,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,066,431	$2,713,371	+0.1%
Expenses	$2,801,031	$2,634,729	+0.1%
Net Income	$265,400	$78,642	+2.4%

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

N/A

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

$1,218,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL ATKINSON	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS GOURDIN	DIRECTOR	2.00	Director	$0	$0	$0
DEAN HIRABAYASHI	DIRECTOR	2.00	Director	$0	$0	$0
SHANE LONDON	DIRECTOR	2.00	Director	$0	$0	$0
STERLING NIELSEN	DIRECTOR	2.00	Director	$0	$0	$0
KEN PAYNE	SECRETARY	2.00	Director	$0	$0	$0
TAMMY PHILLIPS	CHAIR	2.00	Director	$0	$0	$0
THAYNE SHAFFER	VICE CHAIR	2.00	Director	$0	$0	$0
BROCK MORTENSEN	DIRECTOR	2.00	Director	$0	$0	$0
TODD ADAMSON	DIRECTOR	2.00	Director	$0	$0	$0
KERRY WAHLEN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SIMPSON	PRESIDENT	34.00	Officer	$829,923	$0	$829,923
STEVE NELSON	VP OF CR AFFAIRS	34.00	Officer	$243,714	$0	$243,714
RUSSELL CANNON	CEO	40.00	Officer	$144,783	$0	$144,783
HEALTHER LINE	MANAGER	40.00	Highest	$114,118	$0	$114,118
ELIZABETH WHITE	MANAGER	40.00	Highest	$122,340	$0	$122,340

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	$3,066,431	$2,801,031	$6,122,537	$265,400
2023	$2,713,371	$2,634,729	$6,137,217	$78,642
2022	$2,582,947	$2,615,756	$6,003,362	$-32,809
2021	$2,494,402	$2,363,199	$4,342,560	$131,203
2020	$2,176,556	$2,019,956	$4,289,785	$156,600
2019	$2,267,732	$2,228,626	$3,908,447	$39,106
2018	$2,259,152	$2,202,584	$3,855,289	$56,568

UTAH LEAGUE OF CREDIT UNIONS