CREDIT UNIONS CHARTERED IN THE STATE OF UTAH (EIN 870254941) - 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

1954

Legal Domicile

Principal Officer

Mike Clayson

Phone

8014893605

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH, founded in 1954, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Member-owned financial institution

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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 $7,527,864

Investment Income $788,571

Other Revenue $0

TOTAL REVENUE $8,316,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,211,878

Fundraising Expenses $0

Program Expenses $9,065,940

Other Expenses $7,852,762

TOTAL EXPENSES $9,065,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,316,435	$7,242,817	+0.1%
Expenses	$9,065,640	$5,961,301	+0.5%
Net Income	$-749,205	$1,281,516	-1.6%

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

Total Directors

Key Employees

$118,666

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Clayson	CEO	45	Key Emp	$118,666	$0	$118,666
Craig Huff	Board Vice Chairman	0.5	Director	$0	$0	$0
Mike Davis	Board Member	0.5	Director	$0	$0	$0
John Gurley	Board Chairman	0.5	Director	$0	$0	$0
Fred Trapnell	Board Member	0.5	Director	$0	$0	$0
Jason Gwilliam	Board Secretary	0.5	Director	$0	$0	$0
Shideler Bennett	Supervisory Committee Chair	0.5	Officer	$0	$0	$0
Stephanie Bushman	Supervisory Committee Member	0.5	Officer	$0	$0	$0
Nathan Holdaway	Supervisory Committee Member	0.5	Officer	$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	No data	No data	No data	No data
2024	$8,316,435	$9,065,640	$132,806,974	$-749,205
2023	$7,242,817	$5,961,301	$127,784,998	$1,281,516
2023	$7,133,810	$5,917,487	$127,651,113	$1,216,323
2022	$5,619,420	$4,448,209	$117,594,895	$1,171,211
2021	$4,668,152	$3,564,051	$103,178,548	$1,104,101
2020	$4,442,122	$3,662,220	$89,222,777	$779,902
2019	$4,358,616	$3,576,690	$75,305,097	$781,926
2018	$3,924,485	$3,115,707	$68,659,092	$808,778

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH