Clark 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

1951

Legal Domicile

Phone

7022282228

Tax Period

2023-01-01 to 2023-12-31

Clark County Credit Union, founded in 1951, is a mid-sized nonprofit that reported $65.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.3M, a strong 20% operating margin.

Mission

BOARD APPROVED MISSION: TO HELP CLARK COUNTY CREDIT UNION MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. CLARK COUNTY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST APPROVED BY THE BOARD OF DIRECTORS; PROVIDING AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CLARK COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

DURING 2023, CLARK COUNTY CREDIT UNION MAINTAINED A YEAR-TO-DATE NET WORTH RATIO OF 12.90%. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING...

DURING 2023, CLARK COUNTY CREDIT UNION MAINTAINED A YEAR-TO-DATE NET WORTH RATIO OF 12.90%. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING OPTIONS. CCCU IS LIVING UP TO ITS MISSION OF HELPING MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS.

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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 $58,076,726

Investment Income $7,855,970

Other Revenue $0

TOTAL REVENUE $65,932,696

Expense Breakdown

Grants Paid $106,983

Salaries & Benefits $18,348,017

Fundraising Expenses $0

Program Expenses $0

Other Expenses $34,192,666

TOTAL EXPENSES $52,647,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,932,696	$52,797,641	+0.2%
Expenses	$52,647,666	$40,089,207	+0.3%
Net Income	$13,285,030	$12,708,434	+0.0%

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

243

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

$1,947,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	CHAIRMAN OF THE BOARD	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	VICE CHAIR OF THE BOARD	1.0	Director	$0	$0	$0
N/A	CHIEF OPERATING OFFICER	40.0	Officer	$251,862	$89,661	$341,523
N/A	CHIEF LENDING OFFICER	40.0	Officer	$231,224	$16,971	$248,195
N/A	CHIEF EXECUTIVE OFFICER	40.0	Officer	$476,411	$24,750	$501,161
N/A	CHIEF TECHNOLOGY OFFICER	40.0	Officer	$211,599	$15,729	$227,328
N/A	CHIEF FINANCIAL OFFICER	40.0	Officer	$395,638	$13,802	$409,440
N/A	CHIEF MARKETING OFFICER	40.0	Officer	$205,277	$15,014	$220,291
N/A	VP COMMERCIAL LENDING MANAGER	40.0	Highest	$192,718	$19,567	$212,285
N/A	VP OF CONSUMER LENDING	40.0	Highest	$151,812	$16,571	$168,383
N/A	VP COMMERCIAL LENDING	40.0	Highest	$160,875	$2,976	$163,851
N/A	VP CONTROLLER	40.0	Highest	$153,413	$16,680	$170,093
N/A	DIRECTOR REAL ESTATE LENDING	40.0	Highest	$154,516	$8,442	$162,958

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	$65,932,696	$52,647,666	$1,172,665,828	$13,285,030
2022	$52,797,641	$40,089,207	$1,144,632,634	$12,708,434
2021	$46,813,818	$33,127,785	$1,146,560,292	$13,686,033
2020	$45,087,035	$36,691,812	$1,012,890,170	$8,395,223
2019	$45,397,628	$35,737,631	$860,178,388	$9,659,997
2018	$41,656,713	$34,893,012	$771,056,238	$6,763,701