COASTHILLS 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

1958

Legal Domicile

Principal Officer

JAMES LEDFORD

Phone

8057337600

Tax Period

2024-01-01 to 2024-01-19

COASTHILLS CREDIT UNION, founded in 1958, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

MAKING A POSITIVE DIFFERENCE IN OUR NEIGHBORS' LIVES.

Program Service Accomplishments

Program 1

SINCE 1958, COASTHILLS CREDIT UNION HAS BEEN IMPROVING THE FINANCIAL WELL BEING OF CENTRAL COAST FAMILIES WITH LOAN AND DEPOSIT PRODUCTS WITH LOWER FEES AND BETTER RATES THAN MOST BANKS. THE CREDIT UNION SERVES OVER 76,000 MEMBERS IN VENTURA, SANTA BARBARA, SAN LUIS OBISPO, MONTEREY, AND SANTA CRUZ COUNTIES.AS OF JANUARY 19, 2024, COASTHILLS CREDIT UNION TRANSITIONED TO A FEDERAL CREDIT UNION.

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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 $4,452,216

Investment Income $411,427

Other Revenue $-42,169

TOTAL REVENUE $4,821,474

Expense Breakdown

Grants Paid $48,750

Salaries & Benefits $1,640,338

Fundraising Expenses $0

Other Expenses $2,191,755

TOTAL EXPENSES $5,045,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,821,474	$95,869,457	-0.9%
Expenses	$5,045,642	$91,804,133	-0.9%
Net Income	$-224,168	$4,065,324	-1.1%

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

N/A

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

$95,524

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL C COOK	CEO/PRESIDENT	40.00	Officer	$48,466	$5,025	$53,491
DENNIS DURFEE	EVP, CHIEF FINANCIAL OFFICER	40.00	Officer	$37,046	$4,987	$42,033
KRISTOPHER L ANDREWS	CHAIRMAN	6.00	Officer Director	$0	$0	$0
HOMERO CONTRERAS	VICE CHAIRMAN	6.00	Officer Director	$0	$0	$0
JEREMY MORENO	TREASURER	6.00	Officer Director	$0	$0	$0
BERNARD E JONES	SECRETARY	6.00	Officer Director	$0	$0	$0
JEANNE PIPER	DIRECTOR	6.00	Director	$0	$0	$0
R BRUCE COGGIN	DIRECTOR	6.00	Director	$0	$0	$0
ARTHUR C SCHEITHAUR JR	DIRECTOR	6.00	Director	$0	$0	$0
EARL MURRAY	DIRECTOR	6.00	Director	$0	$0	$0
WILLIAM H ANDERS	DIRECTOR	6.00	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	$4,821,474	$5,045,642	No data	$-224,168
2023	$95,869,457	$91,804,133	$1,783,506,274	$4,065,324
2022	$76,854,403	$70,014,183	$1,828,708,068	$6,840,220
2021	$68,814,131	$59,373,912	$1,604,476,418	$9,440,219
2020	$65,719,111	$58,703,237	$1,370,734,730	$7,015,874
2019	$66,242,157	$58,699,349	$1,201,163,128	$7,542,808
2018	$61,580,785	$56,386,963	$1,158,529,417	$5,193,822