Grand County 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

1957

Legal Domicile

Principal Officer

Samuel Crane

Phone

4352596124

Tax Period

2019-01-01 to 2019-12-31

Grand County Credit Union, founded in 1957, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2019. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 12% surplus.

Mission

DRCU IS HERE TO ELEVATE, EDDUCATE, AND COLABORATE WITH OUR COMMUNITIES TO PROMOTE A MINDSET OF FINANCIAL PROSPERITY AND SELF RELIANCE.

Program Service Accomplishments

Program 1

Expenses: $2,744,573 Revenue: $3,126,486

Income from loans The Credit Union made 2,344 loans to members at competitive rates. They originated new loans in the amount of $26,223,909 during the year for its members. At year end there were a...

Program 2

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,087,198

Investment Income $39,288

Other Revenue $0

TOTAL REVENUE $3,126,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,092,767

Fundraising Expenses $0

Program Expenses $2,744,573

Other Expenses $1,403,602

TOTAL EXPENSES $2,744,572

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,126,486	$2,462,838	+0.3%
Expenses	$2,744,572	$1,732,254	+0.6%
Net Income	$381,914	$730,584	-0.5%

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

$155,850

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meral Sheldon	Board Member	0.50	Director	$0	$0	$0
Marvin Day	Board Member	0.50		$0	$0	$0
David Tatton	Board Menber	0.50		$0	$0	$0
Peggy Taylor	Alternate Board Member	0.50		$0	$0	$0
Kevin Marshall	Board Member	0.50		$0	$0	$0
Randy Martin	Chairman	1.00	Officer	$0	$0	$0
Jim Lewis	Vice Chairman	0.50	Officer	$0	$0	$0
Nicole Bierschied	Secretary	0.75	Officer	$0	$0	$0
Samuel Crane	President	45	Key Emp Highest	$155,850	$0	$155,850

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
2019	$3,126,486	$2,744,572	$41,441,870	$381,914
2018	$2,462,838	$2,139,684	$35,456,722	$323,154