SNOCOPE 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

1959

Legal Domicile

Principal Officer

STEVEN ELLIS

Phone

4254059973

Tax Period

2024-01-01 to 2024-12-31

SNOCOPE CREDIT UNION, founded in 1959, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $883K, a strong 19% operating margin.

Mission

BUILDING LIFELONG FINANCIAL SUCCESS, ONE MEMBER AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $3,755,539 Revenue: $4,638,852

PROVIDING DEPOSITORY AND LENDING SERVICES TO OUR FIELD OF MEMBERSHIP. DURING 2024 THE CREDIT UNION GRANTED 577 LOANS TOTALING $11,699,226 TO MEMBERS OF THE CREDIT UNION. AT THE END OF 2024, THE...

PROVIDING DEPOSITORY AND LENDING SERVICES TO OUR FIELD OF MEMBERSHIP. DURING 2024 THE CREDIT UNION GRANTED 577 LOANS TOTALING $11,699,226 TO MEMBERS OF THE CREDIT UNION. AT THE END OF 2024, THE CREDIT UNION HAD 6,275 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,911,106

Investment Income $698,488

Other Revenue $29,258

TOTAL REVENUE $4,638,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,037

Fundraising Expenses $0

Program Expenses $3,755,539

Other Expenses $2,484,502

TOTAL EXPENSES $3,755,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,638,852	$4,293,876	+0.1%
Expenses	$3,755,539	$3,663,520	+0.0%
Net Income	$883,313	$630,356	+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

$436,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN ELLIS	President & CEO	40.00	Officer	$152,040	$25,794	$177,834
DUSTIN RHODE	VP LENDING	40.00	Officer	$108,689	$21,173	$129,862
CHAD SEABURY	VP OPERATIONS	40.00	Officer	$113,859	$14,447	$128,306
STEVE TORRENCE	Treasurer	1.00	Director	$0	$0	$0
DANIEL THOMPSON	Director	1.00	Director	$0	$0	$0
LEILA BETTYS	Secretary	1.00	Director	$0	$0	$0
JOHN BILLEN	VICE CHAIR	1.00	Director	$0	$0	$0
ALEX PENA	Director	1.00	Director	$0	$0	$0
PETER RUDOLF	BOARD CHAIR	1.00	Director	$0	$0	$0
JEFF CRAIG	Director	1.00	Director	$0	$0	$0

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	$4,638,852	$3,755,539	$81,682,241	$883,313
2023	$4,293,876	$3,663,520	$80,820,238	$630,356
2022	$3,124,105	$2,882,314	$82,623,983	$241,791
2021	$2,738,033	$2,435,603	$80,800,121	$302,430
2020	$2,940,168	$2,507,595	$73,230,410	$432,573
2019	$2,980,586	$2,550,759	$62,309,253	$429,827
2018	$2,713,669	$2,398,775	$59,964,844	$314,894