WESTSTAR 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

1975

Legal Domicile

Principal Officer

JOHN BAGENTS

Phone

7027914777

Tax Period

2023-01-01 to 2023-12-31

WESTSTAR CREDIT UNION, founded in 1975, is a mid-sized nonprofit that reported $13.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $11.7M left a modest 12% surplus.

Mission

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 SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, WESTSTAR CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

WESTSTAR CREDIT UNION PROVIDES VARIOUS LOAN PRODUCTS INCLUDING RESIDENTIAL MORTGAGES, AUTO LOANS, CREDIT CARDS, AND OTHER CONSUMER LOANS.

Program 2

WESTSTAR CREDIT UNION PROVIDES A VARIETY OF CHECKING AND SAVINGS ACCOUNTS TO MEET ITS MEMBERS' NEEDS.

Program 3

WESTSTAR CREDIT UNION PROVIDES MEMBERS FREE ACCESS TO THEIR ACCOUNT INFORMATION VIA THE INTERNET AND MOBILE DEVICES. THE CREDIT UNION ALSO PROVIDES AN EXTENSIVE ATM NETWORK WITH OVER 28,000 SURCHARGE...

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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 $9,747,537

Investment Income $3,501,793

Other Revenue $56,288

TOTAL REVENUE $13,305,618

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $4,615,473

Fundraising Expenses $0

Other Expenses $7,027,066

TOTAL EXPENSES $11,652,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,305,618	$10,923,066	+0.2%
Expenses	$11,652,539	$10,031,902	+0.2%
Net Income	$1,653,079	$891,164	+0.9%

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

$620,926

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ORROCK	BOARD CHAIRMAN	3.00	Director	$0	$0	$0
JEFF PERO	VICE CHAIRMAN, AUDIT CMTE MEMBER	3.00	Director	$0	$0	$0
CRAIG HAWKINS	SECRETARY	3.00	Director	$0	$0	$0
CURTIS CHING	TREASURER	3.00	Director	$0	$0	$0
DOUG MICHAEL	BOARD MEMBER	3.00	Director	$0	$0	$0
MERV GUPTON	AUDIT CMTE. CHAIRMAN	3.00	Director	$0	$0	$0
JAMES HANISCH	AUDIT CMTE MEMBER	3.00	Director	$0	$0	$0
JOAN SCRIVNER	AUDIT CMTE. MEMBER	3.00	Director	$0	$0	$0
WILLIAM BARBEE	AUDIT CMTE. MEMBER	3.00	Director	$0	$0	$0
JOHN BAGENTS	PRESIDENT/CEO	40.00	Officer	$231,143	$22,995	$254,138
RICK SCHMIDT	FORMER CEO	40.00		$524,940	$2,459	$527,399
DION KOOP	SVP/CFO	40.00	Officer	$204,480	$20,203	$224,683
LORRAINE VALLONE	VP HR & TRAINING	40.00	Officer	$125,303	$16,802	$142,105
NINA LEYVA	VP SALES SERVICE	40.00	Highest	$114,395	$16,488	$130,883
DONNA RUMPH	VP INTERNAL CONTROLS	40.00	Highest	$111,545	$15,367	$126,912
BERTHA ROBLES	VP CONTROLLER	40.00	Highest	$105,746	$14,324	$120,070

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	$13,305,618	$11,652,539	$248,487,847	$1,653,079
2022	$10,923,066	$10,031,902	$255,839,937	$891,164
2021	$10,374,892	$9,342,855	$257,379,875	$1,032,037
2020	$10,444,088	$10,524,555	$231,442,426	$-80,467
2019	$11,855,227	$10,783,123	$184,032,254	$1,072,104
2018	$10,996,676	$9,417,645	$174,814,197	$1,579,031