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Credit Unions Chartered In The State Of Colorado

Options Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$350k (2023)

Expenses
$366k (2023)

Total Assets
$5.48M (2023)

Total Liabilities
$5.03M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$349,567
Expenses
$366,125
Net Income
-$16,558
Net Assets
$447,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $334,627
95.7%
Investment Income $13,816
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,124
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $39,399
10.8%
Assets/Debt
Total Assets $5,480,692
Total Liabilities $5,033,025
Net Assets $447,667
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $79,238 $0 $0
Dawn Mcnight (Director) $0 $0 $0
Carrie Hale (Secretary) $0 $0 $0
Dan Cuhlane (Vice Chair) $0 $0 $0
Tim Gaffigan (Chairman) $0 $0 $0
Alisa Steffen (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,940
Expenses
$315,151
Net Income
$2,789
Net Assets
$464,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $306,847
96.5%
Investment Income $5,817
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,276
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,142
26.4%
Professional Fundraising Fees $0
Other Salaries and Wages $36,143
11.5%
Assets/Debt
Total Assets $5,294,854
Total Liabilities $4,830,629
Net Assets $464,225
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $82,420 $0 $722
Dawn Mcnight (Chairman) $0 $0 $0
Carrie Hale (Secretary) $0 $0 $0
Dan Cuhlane (Vice Chair) $0 $0 $0
Tim Gaffigan (Treasurer) $0 $0 $0
Anita Marchant (Director) $0 $0 $0
Dylan Woods (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,341
Expenses
$305,806
Net Income
$32,535
Net Assets
$461,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $307,028
90.7%
Investment Income $1,387
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $29,926
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $81,051
26.5%
Professional Fundraising Fees $0
Other Salaries and Wages $41,032
13.4%
Assets/Debt
Total Assets $5,003,841
Total Liabilities $4,542,405
Net Assets $461,436
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $81,051 $0 $0
Dawn Mcnight (Chairman) $0 $0 $0
Carrie Hale (Director) $0 $0 $0
John Coaty (Director) $0 $0 $0
Dan Cuhlane (Vice Chair) $0 $0 $0
Tim Gaffigan (Treasurer) $0 $0 $0
Anita Marchant (Secretary) $0 $0 $0
Dylan Woods (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$358,996
Expenses
$340,509
Net Income
$18,487
Net Assets
$428,901
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $350,889
97.7%
Investment Income $3,107
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,000
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,741
21.9%
Professional Fundraising Fees $0
Other Salaries and Wages $37,859
11.1%
Assets/Debt
Total Assets $6,029,950
Total Liabilities $5,601,049
Net Assets $428,901
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $74,741 $0 $0
Dawn Mcnight (Chairman) $0 $0 $0
Carrie Hale (Director) $0 $0 $0
John Coaty (Director) $0 $0 $0
Dan Cuhlane (Vice Chair) $0 $0 $0
Deanna Albrecht (Treasurer) $0 $0 $0
Anita Marchant (Secretary) $0 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$397,405
Expenses
$413,367
Net Income
-$15,962
Net Assets
$410,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $389,921
98.1%
Investment Income $7,484
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,063
17.4%
Professional Fundraising Fees $0
Other Salaries and Wages $73,817
17.9%
Assets/Debt
Total Assets $5,675,997
Total Liabilities $5,265,583
Net Assets $410,414
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $72,063 $0 $0
Dawn Mcnight (Chairman) $0 $0 $0
Carrie Hale (Director) $0 $0 $0
Alexandra Garza (Director) $0 $0 $0
Lisa Culpepper (Director) $0 $0 $0
Dan Cuhlane (Vice Chair) $0 $0 $0
Deanna Albrecht (Treasurer) $0 $0 $0
Anita Marchant (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$411,609
Expenses
$388,030
Net Income
$23,579
Net Assets
$426,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $402,828
97.9%
Investment Income $8,781
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,558
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $75,876
19.6%
Assets/Debt
Total Assets $5,414,595
Total Liabilities $4,988,219
Net Assets $426,376
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $74,558 $0 $0
Dawn Mc Night (Chairman) $0 $0 $0
Carrie Hale (Secretary) $0 $0 $0
Alexandra Garza (Director) $0 $0 $0
Lisa Culpepper (Vice Chair) $0 $0 $0
John Coaty (Director) $0 $0 $0
Deanna Albrecht (Treasurer) $0 $0 $0

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Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$357,659
Expenses
$333,835
Net Income
$23,824
Net Assets
$402,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $356,187
99.6%
Investment Income $1,472
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $129,462
38.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,040
2.7%
Assets/Debt
Total Assets $5,162,428
Total Liabilities $4,759,631
Net Assets $402,797
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $129,462 $0 $0
Dawn Mc Night (Chairman) $0 $0 $0
Carrie Hale (Director) $0 $0 $0
Glenn Armani (Treasurer) $0 $0 $0
Lisa Culpepper (Vice Chair) $0 $0 $0
Kimberly Jackson (Secretary) $0 $0 $0
Deanna Albrecht (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$339,897
Expenses
$329,767
Net Income
$10,130
Net Assets
$378,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $338,898
99.7%
Investment Income $999
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,150
21.0%
Professional Fundraising Fees $0
Other Salaries and Wages $62,321
18.9%
Assets/Debt
Total Assets $5,041,092
Total Liabilities $4,662,119
Net Assets $378,973
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $69,150 $0 $0
Dawn Mc Night (Vice Chair) $0 $0 $0
Jeremy Sitcoff (Vice Chair) $0 $0 $0
Carrie Hale (Director) $0 $0 $0
Glenn Armani (Treasurer) $0 $0 $0
Jessica Mueller (Chairman) $0 $0 $0
Lisa Culpepper (Director) $0 $0 $0
Kimberly Jackson (Director) $0 $0 $0
Deanna Albrecht (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$291,811
Expenses
$283,011
Net Income
$8,800
Net Assets
$368,843
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $290,875
99.7%
Investment Income $936
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,963
25.1%
Professional Fundraising Fees $0
Other Salaries and Wages $44,823
15.8%
Assets/Debt
Total Assets $4,816,816
Total Liabilities $4,447,973
Net Assets $368,843

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Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$263,752
Expenses
$270,079
Net Income
-$6,327
Net Assets
$360,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $262,903
99.7%
Investment Income $849
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,896
25.5%
Professional Fundraising Fees $0
Other Salaries and Wages $41,747
15.5%
Assets/Debt
Total Assets $4,193,085
Total Liabilities $3,833,042
Net Assets $360,043
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $68,896 $0 $0
Dawn Mc Night (Chairman) $0 $0 $0
Linda Phillips (Director) $0 $0 $0
Jeremy Sitcoff (Vice Chair) $0 $0 $0
John Coaty (Director) $0 $0 $0
Glenn Armani (Treasurer) $0 $0 $0
Jessica Mueller (Secretary) $0 $0 $0
Lisa Culpepper (Director) $0 $0 $0
Scott Challis (Director) $0 $0 $0
Carolyn Thorburn (Director) $0 $0 $0
Susan Rossberg (Director) $0 $0 $0
Victoria Brown (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$326,060
Expenses
$283,023
Net Income
$43,037
Net Assets
$366,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $325,177
99.7%
Investment Income $883
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,931
25.4%
Professional Fundraising Fees $0
Other Salaries and Wages $38,637
13.7%
Assets/Debt
Total Assets $4,115,901
Total Liabilities $3,749,531
Net Assets $366,370
Compensation
Key Employees and Officers Compensation Related Other
Sherry Espinoza (Ceo) $70,660 $0 $1,271
Dawn Mc Night (Chairman) $0 $0 $0
Linda Phillips (Secretary) $0 $0 $0
Jeremy Sitcoff (Director) $0 $0 $0
John Coaty (Vice Chair) $0 $0 $0
Dee Tendell (Director) $0 $0 $0
Alli Gerkman (Director) $0 $0 $0
Kelly Southerland (Director) $0 $0 $0
Scott Challis (Treasurer) $0 $0 $0
Duannette Roberts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$340,077
Expenses
$311,144
Net Income
$28,933
Net Assets
$323,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $339,321
99.8%
Investment Income $756
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,280
20.7%
Professional Fundraising Fees $0
Other Salaries and Wages $42,223
13.6%
Assets/Debt
Total Assets $3,939,237
Total Liabilities $3,615,904
Net Assets $323,333

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$356,276
Expenses
$394,478
Net Income
-$38,202
Net Assets
$294,400
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $355,575
99.8%
Investment Income $701
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $63,345
16.1%
Professional Fundraising Fees $0
Other Salaries and Wages $46,074
11.7%
Assets/Debt
Total Assets $3,662,912
Total Liabilities $3,368,512
Net Assets $294,400

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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