Zing Credit Union
Legal name: Denver Community Credit Union Dba Zing Credit Union
Nonprofit profile at a glance
- EIN
- 840405947
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Denver, CO, USA
- Phone
- 303-573-1170
- Rating confidence
- Limited
Reported finances
- Revenue
- $28,277,616
- Expenses
- $24,767,445
- Assets
- $410,091,081
- Liabilities
- $359,744,293
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- TERESSA BONFANTE (CO-CEO)
- SHANE SILVERNALE (CO-CEO)
- JOSEPH TASSANO (SENIOR VICE PRESIDENT - OPERATIONS)
Highest reported compensation
- TERESSA BONFANTE (CO-CEO): $476,106 total reported compensation
- SHANE SILVERNALE (CO-CEO): $464,356 total reported compensation
- JOSEPH TASSANO (SENIOR VICE PRESIDENT - OPERATIONS): $299,057 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Zing Credit Union is a not-for-profit financial cooperative owned by its members, committed to making a positive impact on the community.
What it reported doing in 2024
Provide a wide variety of financial products and services to themembers of the credit union. Over 36,000 members served.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 88
- Accountability: 54
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 28.6%; rating input score 29; 7th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.4%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 16.56; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 2 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $476K · 19 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 10 of 10 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 25 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 29/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 15/100.