BLUPEAK CREDIT UNION (EIN 951209332) - Form 990 Financial Analysis & Trantor Score

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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

1936

Legal Domicile

Principal Officer

TODD THARP

Phone

8587956000

Tax Period

2023-01-01 to 2023-12-31

BLUPEAK CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $62.4M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $60.1M left a modest 4% surplus.

Mission

BLUPEAK CREDIT UNION IS A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE; WE EXIST TO SERVE - TO ENRICH LIVES AND BUILD BETTER FUTURES.

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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 $46,598,261

Investment Income $15,826,856

Other Revenue $-46,399

TOTAL REVENUE $62,378,718

Expense Breakdown

Grants Paid $20,700

Salaries & Benefits $16,898,110

Fundraising Expenses $0

Other Expenses $43,195,799

TOTAL EXPENSES $60,114,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,378,718	$46,015,710	+0.4%
Expenses	$60,114,609	$42,732,849	+0.4%
Net Income	$2,264,109	$3,282,861	-0.3%

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

172

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

$974,629

Total Directors

Key Employees

$1,633,887

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT ADAMS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID ELY	DIRECTOR	3.00	Director	$0	$0	$0
HARRY LE GRANDE	DIRECTOR	3.00	Director	$0	$0	$0
JOSHUA LAWRENCE	CHAIR	3.00	Officer Director	$0	$0	$0
STEVEN LEI	DIRECTOR	3.00	Director	$0	$0	$0
YVONNE MARSH	DIRECTOR	3.00	Director	$0	$0	$0
LES OVERMAN	DIRECTOR	3.00	Director	$0	$0	$0
BEVERLY RANDEZ	DIRECTOR	3.00	Director	$0	$0	$0
TODD THARP	PRESIDENT/CEO	40.00	Officer	$712,968	$55,132	$768,100
MARGARITA GUERRA	FORMER SVP/CFO/SECRETARY	40.00	Officer	$188,922	$17,607	$206,529
MATTHEW LYONS	EVP/CHIEF OPERATING OFFICER	40.00	Key Emp	$492,326	$28,722	$521,048
AMBER FIELDER	FORMER SVP/CHIEF MARKETING OFFICER	40.00	Key Emp	$234,423	$20,265	$254,688
CHARLES WILLIAMS	SVP/CHIEF RISK OFFICER	40.00	Key Emp	$287,348	$27,291	$314,639
KAREN SMITH	VP/CHIEF CREDIT OFFICER	40.00	Key Emp	$257,555	$29,395	$286,950
RISHI DAVE	VP ENTERPRISE TECH. & ARCHITECTURE	40.00	Key Emp	$213,559	$43,003	$256,562
MELVINREY DE GUZMAN	VP OF REAL ESTATE & CAPITAL MARKETS	40.00	Highest	$233,336	$21,316	$254,652
RYAN HARRIS	SOFTWARE ENGINEER II	40.00	Highest	$183,964	$20,019	$203,983
CARRIE KNUTSON	VP FINANCE	40.00	Highest	$171,344	$38,386	$209,730
ANDREW JUDGE	VP INTERNAL AUDIT	40.00	Highest	$170,962	$25,059	$196,021
GLORIA NUNES	VP OF HUMAN RESOURCES	40.00	Highest	$168,777	$21,703	$190,480

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	$62,378,718	$60,114,609	$1,472,619,773	$2,264,109
2022	$46,015,710	$42,732,849	$1,240,251,202	$3,282,861
2021	$40,598,480	$40,051,557	$1,264,438,336	$546,923
2020	$41,288,386	$39,368,354	$1,176,783,982	$1,920,032
2019	$47,431,083	$39,758,547	$1,023,696,051	$7,672,536
2018	$42,943,870	$37,280,381	$974,347,002	$5,663,489

BLUPEAK CREDIT UNION