Silver State Schools Credit Union (EIN 880062898) - 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

1951

Legal Domicile

Principal Officer

Scott Arkills

Phone

8003579654

Tax Period

2023-01-01 to 2023-12-31

Silver State Schools Credit Union, founded in 1951, is a mid-sized nonprofit that reported $58.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $51.2M left a modest 12% surplus.

Mission

Financial services for 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 $52,780,165

Investment Income $5,498,664

Other Revenue $0

TOTAL REVENUE $58,278,829

Expense Breakdown

Grants Paid $82,000

Salaries & Benefits $16,584,305

Fundraising Expenses $0

Other Expenses $34,493,822

TOTAL EXPENSES $51,160,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,278,829	$49,927,446	+0.2%
Expenses	$51,160,127	$38,665,350	+0.3%
Net Income	$7,118,702	$11,262,096	-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

264

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

$1,697,240

Total Directors

Key Employees

$714,566

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mitch Fox	Chair	10.00	Officer Director	$0	$0	$0
Mary Beth Scow	Vice Chair	10.00	Officer Director	$0	$0	$0
George Ann Rice	Secretary/Treasurer	10.00	Officer Director	$0	$0	$0
Larry Moulton	Director	10.00	Director	$0	$0	$0
Javier Trujillo	Director	10.00	Director	$0	$0	$0
Joyce Woodhouse	Director	10.00	Director	$0	$0	$0
Ken Lange	Director	10.00	Director	$0	$0	$0
Greg Halopoff	Associate Director (Jan-Apr)	10.00	Director	$0	$0	$0
Scott Arkills	CEO/President	40.00	Officer	$554,454	$32,194	$586,648
Mel Valenzuela	SVP/CLO (Mar-Dec)	40.00	Officer	$232,862	$26,700	$259,562
Raymond Wilson	SVP/CFO	40.00	Officer	$289,098	$23,560	$312,658
Ben Christensen	SVP/CIO	40.00	Officer	$276,211	$32,399	$308,610
Ralph Ramirez	SVP/CXO (Mar-Dec)	40.00	Officer	$210,637	$19,125	$229,762
Cody Goulding	VP/Controller	40.00	Key Emp	$172,930	$20,404	$193,334
Robert Rivas	VP of Information Technology	40.00	Key Emp	$177,293	$19,616	$196,909
Ann Johnson	SVP/CAO	40.00	Key Emp	$282,811	$41,512	$324,323
Malinda Watson	AVP Internal Controls	40.00	Highest	$132,132	$15,878	$148,010
Ariana Hites	VP of Member Services	40.00	Highest	$132,970	$24,103	$157,073
Sandra Sifontes-Marioni	AVP Collections and Loan Servicing	40.00	Highest	$134,489	$13,436	$147,925
Alfie Hernandez	Accounting Manager	40.00	Highest	$106,485	$7,835	$114,320
Jessica Maag	AVP Project Manager	40.00	Highest	$109,290	$10,525	$119,815

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	$58,278,829	$51,160,127	$1,139,471,028	$7,118,702
2022	$49,927,446	$38,665,350	$1,151,766,991	$11,262,096
2021	$44,363,932	$35,505,398	$1,130,843,063	$8,858,534
2020	$42,106,964	$37,830,315	$994,130,620	$4,276,649
2019	$43,539,175	$35,237,470	$828,840,856	$8,301,705
2018	$40,959,880	$28,589,757	$767,633,250	$12,370,123

Silver State Schools Credit Union