GOWEST CREDIT UNION ASSOCIATION

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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

1945

Legal Domicile

Principal Officer

TROY STANG

Phone

8005520680

Tax Period

2023-01-01 to 2023-12-31

GOWEST CREDIT UNION ASSOCIATION, founded in 1945, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $12.6M left a modest 15% surplus.

Mission

PROVIDE PRODUCTS AND SERVICES TO ARIZONA, COLORADO, IDAHO, OREGON, WASHINGTON AND WYOMING CREDIT UNIONS THAT ENABLE CREDIT UNIONS TO BETTER SERVE THEIR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $11,069,686

PROVIDED INFORMATION SERVICES, EDUCATION PROGRAMS, AND COORDINATED LEGISLATIVE AND REGULATORY ADVOCACY ACTIVITIES FOR AND ON BEHALF OF ARIZONA, COLORADO, IDAHO, ORGEON, WASHINGTON, AND WYOMING CREDIT...

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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 $607,964

Program Service Revenue $12,590,702

Investment Income $469,717

Other Revenue $1,088,897

TOTAL REVENUE $14,757,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,797,111

Fundraising Expenses $0

Program Expenses $11,069,686

Other Expenses $4,785,828

TOTAL EXPENSES $12,582,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,757,280	$10,488,486	+0.4%
Expenses	$12,582,939	$11,538,484	+0.1%
Net Income	$2,174,341	$-1,049,998	-3.1%

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

$2,313,181

Total Directors

Key Employees

$870,778

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ADAMS	DIRECTOR	3.00	Director	$0	$0	$0
STACIE WYSS-SCHOENBORN	DIRECTOR	1.00	Director	$0	$0	$0
DAN THURMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KUTCHER	VICE CHAIR	1.00	Director	$0	$0	$0
JAY CURTIS	SECRETARY	2.00	Director	$0	$0	$0
TODD MARKSBERRY	CHAIR	2.00	Director	$0	$0	$0
TODD ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
RAY LANCASTER	DIRECTOR	1.00	Director	$0	$0	$0
GREG MILLS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL ROBY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PROPPS	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DON CLARK	TREASURER	1.00	Director	$0	$0	$0
JOHN UCHIDA	DIRECTOR	1.00	Director	$0	$0	$0
JIM YATES	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WAGNER	EVP/CHIEF ADVOCACY OFFICER	40.00	Officer	$392,412	$38,999	$431,411
TROY STANG	PRESIDENT/CEO	26.00	Officer	$1,838,212	$43,558	$1,881,770
JENNIFER HUGGARD	CHIEF ADMINISTRATIVE OFFIC	30.00	Key Emp	$307,386	$31,401	$338,787
CAMERON SMITH	CHIEF GROWTH OFFICER	1.00	Key Emp	$231,671	$51,656	$283,327
SHAREE ADKINS	CHIEF IMPACT OFFICER AND E	40.00	Key Emp	$222,794	$25,870	$248,664

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	$14,757,280	$12,582,939	$39,651,410	$2,174,341
2022	$10,488,486	$11,538,484	$34,923,828	$-1,049,998
2021	$7,814,236	$7,102,966	$20,703,738	$711,270
2020	$7,112,685	$6,504,876	$18,352,701	$607,809
2019	$7,712,903	$8,334,153	$16,304,396	$-621,250
2018	$6,515,808	$6,455,866	$15,133,890	$59,942