POINT WEST 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

1933

Legal Domicile

Principal Officer

SARAH FERGASON

Phone

5035465000

Tax Period

2023-01-01 to 2023-12-31

POINT WEST CREDIT UNION, founded in 1933, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Expenses of $5.9M left a modest 7% surplus.

Mission

TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Program Service Accomplishments

Program 1

NORMAL CREDIT UNION OPERATIONS, INCLUDING LENDING, DEPOSIT PRODUCTS AND FEE SERVICES FOR THE CREDIT UNION'S 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 $5,826,419

Investment Income $503,128

Other Revenue $0

TOTAL REVENUE $6,329,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,251,817

Fundraising Expenses $0

Other Expenses $3,641,768

TOTAL EXPENSES $5,893,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,329,547	$5,970,956	+0.1%
Expenses	$5,893,585	$4,941,470	+0.2%
Net Income	$435,962	$1,029,486	-0.6%

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

$531,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY NELSON	CEO, TREASURER	40.00	Officer	$198,250	$15,560	$213,810
STEVE PAGENSTECHER	CHIEF OPERATING OFFICER	40.00	Officer	$155,002	$10,776	$165,778
SARAH FERGASON	CHIEF FINANCIAL OFFICER	40.00	Officer	$140,404	$11,640	$152,044
RAY CORNWELL	VP LENDING AND OPERATIONS	40.00	Highest	$117,301	$8,950	$126,251
PETER HAND	CHAIR, BOARD MEMBER	1.00	Officer Director	$0	$0	$0
OSCAR PORRAS	VICE CHAIR, BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ROBERTO FLORES	VICE CHAIR, BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARK OLIVER THRU 123	VICE CHAIR, BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SONYA JUDD	SECRETARY, BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KRISTY MAYER-MEJIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA NOVELO	BOARD MEMBER	1.00	Director	$0	$0	$0
FERNANDO VELEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN TOMPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI VAN DYKE THRU 123	BOARD MEMBER	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	No data	No data	No data	No data
2023	$6,329,547	$5,893,585	$109,968,841	$435,962
2022	$5,970,956	$4,941,470	$107,931,239	$1,029,486
2021	$5,029,583	$4,601,934	$111,617,221	$427,649
2020	$5,045,652	$4,329,793	$105,048,611	$715,859
2019	$5,546,781	$4,748,598	$93,191,819	$798,183
2018	$5,730,922	$6,710,183	$97,952,437	$-979,261