SILVERADO CREDIT UNION

EIN: 941276845

ANGWIN, CA

Total Revenue
$2,401,261
Total Expenses
$1,749,165
Total Assets
$56,458,591
Net Assets
$4,886,400
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
DAN MADRID
Phone
7079652483
Tax Period
2023-01-01 to 2023-12-31

SILVERADO CREDIT UNION, founded in 1979, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $652K, a strong 27% operating margin.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, SILVERADO CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING SAVINGS ACCOUNTS, CHECKING ACCOUNTS, A HIGH-YIELD CHECKING ACCOUNT PRODUCT, A...

Read more

ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING SAVINGS ACCOUNTS, CHECKING ACCOUNTS, A HIGH-YIELD CHECKING ACCOUNT PRODUCT, A PREMIUM-RATE MONEY MARKET SAVINGS PRODUCT, AND CERTIFICATE SAVINGS ACCOUNTS.

Program 2

ACHIEVED SATISFACTORY RESULTS IN PROVIDING OUR MEMBERS WITH A BROAD ARRAY OF CONSUMER LOAN PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, RECREATIONAL VEHICLES, UNSECURED PERSONAL LINES OF CREDIT, VISA...

Read more

ACHIEVED SATISFACTORY RESULTS IN PROVIDING OUR MEMBERS WITH A BROAD ARRAY OF CONSUMER LOAN PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, RECREATIONAL VEHICLES, UNSECURED PERSONAL LINES OF CREDIT, VISA CARDS AND PLEDGE SHARE LOANS.

Program 3

ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,598,398
Investment Income $797,759
Other Revenue $5,104
TOTAL REVENUE $2,401,261

Expense Breakdown

Grants Paid $500
Salaries & Benefits $771,076
Fundraising Expenses $0
Other Expenses $977,589
TOTAL EXPENSES $1,749,165

Year-over-Year Comparison

2023 2022 Change
Revenue $2,401,261 $1,862,806 +0.3%
Expenses $1,749,165 $1,614,975 +0.1%
Net Income $652,096 $247,831 +1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
19
Volunteers
9

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
$98,188
Total Directors
10
$98,188
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF VENESS CHAIRMAN 1.00
Director
$0 $0 $0
MICHAEL GRIMES VICE CHAIRMAN 1.00
Director
$0 $0 $0
SHERRILYN ROTH SECRETARY 1.00
Director
$0 $0 $0
CURTIS CHURCH BOARD MEMBER 1.00
Director
$0 $0 $0
GARY GALUSHA BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES KENDRICK BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL MADRID SUPV CMTE CHAIRMAN 1.00
Director
$0 $0 $0
MARK PACINI SUPV CMTE MEMBER 1.00
Director
$0 $0 $0
AMANDA GRANADOS SUPV CMTE MEMBER 1.00
Director
$0 $0 $0
MARILYN VAN DOLSON PRESIDENT/TREASURER 40.00
Officer Director
$89,185 $9,003 $98,188
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 $2,401,261 $1,749,165 $56,458,591 $652,096
2022 $1,862,806 $1,614,975 $62,733,604 $247,831
2021 $1,568,104 $1,590,048 $63,973,981 $-21,944
2020 $1,709,724 $1,640,392 $58,107,908 $69,332
2019 $1,863,292 $1,688,916 $43,852,494 $174,376
2018 $1,865,530 $1,593,079 $45,819,320 $272,451
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SILVERADO CREDIT UNION with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.