CREDIT UNION ASSOCIATION OF THE DAKOTAS (EIN 204608169) - 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

2007

Legal Domicile

Principal Officer

JEFF OLSON

Phone

7012585760

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION ASSOCIATION OF THE DAKOTAS, founded in 2007, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 3% surplus.

Mission

THE ASSOCIATION WORKS TO PROMOTE MEMBER CREDIT UNIONS AS BEING SAFE AND SOUND INSTITUTIONS FOR INSURED DEPOSITS, RESPONSIBLE LENDING, AND THE BEST PLACE FOR CONSUMERS TO RECEIVE FINANCIAL SERVICES.

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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 $1,539,702

Investment Income $78,780

Other Revenue $0

TOTAL REVENUE $1,618,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,786

Fundraising Expenses $0

Other Expenses $801,825

TOTAL EXPENSES $1,562,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,618,482	$1,508,339	+0.1%
Expenses	$1,562,611	$1,430,508	+0.1%
Net Income	$55,871	$77,831	-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

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

$386,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARROD REISNER	CHAIR	1.00	Officer Director	$0	$0	$0
MELANIE STILLWELL	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
SEAN RINKENBERGER	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
LACEY FETSCH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
VERNOICA HOLWEGER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN VAN ASH	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BREDVIK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF OLSON	PRESIDENT/CEO	32.00	Officer	$0	$36,327	$262,702
KARLA CLARK	CFO/VP OF OPERATIONS	32.00	Officer	$0	$16,170	$124,164

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	$1,618,482	$1,562,611	$4,213,108	$55,871
2022	$1,508,339	$1,430,508	$4,038,140	$77,831
2021	$1,188,980	$1,132,377	$3,748,905	$56,603
2020	$1,095,611	$1,032,691	$3,616,820	$62,920
2019	$1,319,915	$1,258,082	$3,606,348	$61,833
2018	$1,281,704	$1,242,329	$3,297,149	$39,375

CREDIT UNION ASSOCIATION OF THE DAKOTAS