SANTA CRUZ COMMUNITY CREDIT UNION (EIN 942407726) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

ELIZABETH CARR

Phone

8314257708

Tax Period

2023-01-01 to 2023-12-31

SANTA CRUZ COMMUNITY CREDIT UNION, founded in 1977, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $12.4M left a modest 7% surplus.

Mission

A COMMUNITY DEVELOPMENT AND LOW INCOME CERTIFIED FINANCIAL COOPERATIVE ORGANIZED TO SERVE UNDERSERVED AND PROMOTE ECONOMIC EQUITY.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,795,025

Investment Income $674,670

Other Revenue $1,893,405

TOTAL REVENUE $13,363,100

Expense Breakdown

Grants Paid $73,776

Salaries & Benefits $5,865,841

Fundraising Expenses $0

Other Expenses $6,463,977

TOTAL EXPENSES $12,403,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,363,100	$14,177,074	-0.1%
Expenses	$12,403,594	$11,593,769	+0.1%
Net Income	$959,506	$2,583,305	-0.6%

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

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

$2,133,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT FARRELL	CHAIRMAN	1.00	Director	$0	$0	$0
HOWARD SHERER	BOARD SECRETARY	1.00	Director	$0	$0	$0
TAMMY PELSTRING	BOARD TREASURER	1.00	Director	$0	$0	$0
AMI EBRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
PAZ PADILLA	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA REYES	BOARD MEMBER	1.00	Director	$0	$0	$0
NED VAN VALKENBURGH	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE LIPSCOMB	ASSOCIATE	1.00	Director	$0	$0	$0
LINDA BROWN	SUPV CMTE CHAIR	1.00	Director	$0	$0	$0
SUZANNE MACLEAN	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
CHUCK HAHN	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
ELIZABETH CARR	CEO	40.00	Officer	$853,473	$219,277	$1,072,750
ANNIE SONG FORMER	CFO	40.00	Officer	$100,253	$7,250	$107,503
KATIE FAIRBAIRN	CXO	40.00	Officer	$202,758	$7,194	$209,952
PAUL BARENFUS	CLO	40.00	Officer	$197,813	$7,907	$205,720
EVERADO MUNOZ FORMER	COO	40.00	Officer	$181,603	$18,472	$200,075
EDWARD CROSS JR	CORE APPLICATION ARCHITECT	40.00	Officer	$171,387	$0	$171,387
JOSEPH L COFFMAN	CTO	40.00	Officer	$158,528	$7,979	$166,507
ALICIA KRETSCH FORMER	COMMERCIAL LENDING MANAGER	40.00	Highest	$143,902	$5,746	$149,648
JESUS BERUMEN	DIR OF CONSUMER REAL ESTATE	40.00	Highest	$121,047	$31,652	$152,699
LAURA OWEN	DIR OF COMM. OUTREACH LEARN	40.00	Highest	$120,437	$11,676	$132,113
LILLIANNE DYKSTRA FORMER	SR APPLICATIONS ADMIN	40.00	Highest	$120,006	$14,433	$134,439
JULIE JAQUITH FORMER	CREDIT SUPPORT MANAGER	40.00	Highest	$109,240	$13,935	$123,175

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	$13,363,100	$12,403,594	$191,939,988	$959,506
2022	$14,177,074	$11,593,769	$188,657,258	$2,583,305
2021	$11,384,575	$8,661,141	$184,280,638	$2,723,434
2020	$9,290,078	$7,710,466	$171,047,166	$1,579,612
2019	$9,043,303	$7,777,249	$125,559,923	$1,266,054
2018	$8,041,524	$6,931,224	$121,497,400	$1,110,300

SANTA CRUZ COMMUNITY CREDIT UNION