CABRILLO 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

1955

Legal Domicile

Principal Officer

KEVIN POSEY

Phone

8585477400

Tax Period

2023-01-01 to 2023-12-31

CABRILLO CREDIT UNION, founded in 1955, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $19.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $18.2M left a modest 8% surplus.

Mission

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

Program Service Accomplishments

Program 1

PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 24,459 MEMBERS.PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.

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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 $16,936,114

Investment Income $2,774,286

Other Revenue $39,788

TOTAL REVENUE $19,750,188

Expense Breakdown

Grants Paid $71,000

Salaries & Benefits $7,275,982

Fundraising Expenses $0

Other Expenses $10,899,770

TOTAL EXPENSES $18,246,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,750,188	$17,265,058	+0.1%
Expenses	$18,246,752	$14,914,266	+0.2%
Net Income	$1,503,436	$2,350,792	-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

$1,198,790

Total Directors

$9,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDI LARSSON	CHAIR	2.00	Director	$1,206	$0	$1,206
RICHARD AMEZCUA	VICE CHAIR	2.00	Director	$899	$0	$899
FRANK MIRANDA	SECRETARY	2.00	Director	$859	$0	$859
KRISTOPHER WHITWORTH	TREASURER	2.00	Director	$868	$0	$868
MANUEL BAYON	BOARD MEMBER	1.00	Director	$1,060	$0	$1,060
DAVE C RODRIGUEZ	BOARD MEMBER	1.00	Director	$884	$0	$884
MARCELLA SERRANO-GOMEZ	BOARD MEMBER	1.00	Director	$954	$0	$954
MICHAEL BARANIC	SUPV CMTE CHAIR	2.00	Director	$867	$0	$867
JOEL LARA	SUPV CMTE MEMBER	1.00	Director	$905	$0	$905
TINA PAISLEY	SUPV CMTE MEMBER	1.00	Director	$883	$0	$883
KEVIN POSEY	PRESIDENT/CEO	40.00	Officer	$368,286	$28,132	$396,418
JOHN STEVENSON	CFO	40.00	Officer	$231,820	$13,361	$245,181
FRANKIE DUENAS	CTO	40.00	Officer	$255,978	$30,807	$286,785
GREGORY BROWN	CLO	40.00	Officer	$249,998	$20,408	$270,406
JUSTIN BURNS	VP IT	40.00	Highest	$144,609	$6,455	$151,064
ZHANNA SAUCIER	SENIOR ANALYST	40.00	Highest	$124,623	$4,638	$129,261
KELLI DAVIS	AVP RISK & COMPLIANCE	40.00	Highest	$118,550	$16,882	$135,432
JULIA FREITAS	AVP MEMBER EXPERIENCE	40.00	Highest	$114,191	$20,648	$134,839
LIZBETH BIALECKI	AVP BUSINESS DEVELOPMENT	40.00	Highest	$113,808	$10,673	$124,481

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	$19,750,188	$18,246,752	$397,739,431	$1,503,436
2022	$17,265,058	$14,914,266	$404,914,151	$2,350,792
2021	$15,486,506	$13,925,693	$423,725,270	$1,560,813
2020	$16,274,606	$16,709,190	$416,519,546	$-434,584
2019	$17,859,291	$15,992,473	$333,188,868	$1,866,818
2018	$14,755,835	$12,431,883	$300,409,471	$2,323,952