BOULDER DAM CREDIT UNION (EIN 880059939) - 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

1940

Legal Domicile

Principal Officer

STEELE HENDRIX

Phone

7022937777

Tax Period

2024-01-01 to 2024-12-31

BOULDER DAM CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $38.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.9M, a strong 25% operating margin.

Mission

WE ARE PEOPLE HELPING PEOPLE BUILD THEIR FUTURES AND REALIZE THEIR DREAMS BY PROVIDING SHARE AND LOAN ACCOUNTS AND OTHER FINANCIAL SERVICES.

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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 $17,362,881

Investment Income $21,445,714

Other Revenue $14,287

TOTAL REVENUE $38,822,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,123,708

Fundraising Expenses $0

Other Expenses $22,810,371

TOTAL EXPENSES $28,934,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,822,882	$35,773,093	+0.1%
Expenses	$28,934,079	$28,826,427	+0.0%
Net Income	$9,888,803	$6,946,666	+0.4%

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

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

$673,009

Total Directors

Key Employees

$225,236

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNDY ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
FRANK DISANZA	TREASURER	2.00	Officer Director	$0	$0	$0
CHARMAINE FERRARI	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT MERRELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TINA MULLIS	DIRECTOR	2.00	Director	$0	$0	$0
TERRY STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
DOUG SCHEPPMAN	CHAIR	2.00	Officer Director	$0	$0	$0
STEELE HENDRIX	PRESIDENT / CEO	40.00	Officer	$342,043	$114,656	$456,699
JARON SINGLETON	VICE-PRESIDENT / CFO	40.00	Officer	$156,329	$59,981	$216,310
KYLE JOHNSON	VICE-PRESIDENT / RISK MANAGEMENT	40.00	Key Emp	$156,143	$69,093	$225,236
MARY BETH CLIFT	MEMBER SERVICES COORDINATOR	40.00	Highest	$170,883	$48,268	$219,151
TERI SIMMONS	ASSISTANT OPERATIONS COORDINATOR	40.00	Highest	$127,513	$43,679	$171,192
BARBARA BENNETT	LOAN COORDINATOR	40.00	Highest	$139,414	$50,837	$190,251
NANCY WARD	FORMER ACCOUNT ADMINISTRATOR	40.00	Highest	$139,035	$12,891	$151,926
KIM DENNETT	ASSISTANT LOAN COORDINATOR	40.00	Highest	$115,989	$42,179	$158,168

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	$38,822,882	$28,934,079	$829,187,256	$9,888,803
2023	$35,773,093	$28,826,427	$808,419,660	$6,946,666
2022	$23,391,791	$15,254,077	$835,531,285	$8,137,714
2021	$17,427,262	$13,796,078	$864,129,621	$3,631,184
2020	$21,917,362	$18,651,428	$772,081,335	$3,265,934
2019	$24,979,127	$18,591,486	$652,906,191	$6,387,641
2018	$22,713,811	$16,282,347	$628,904,759	$6,431,464

BOULDER DAM CREDIT UNION