GUNDERSEN CREDIT UNION (EIN 237108910) - 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

1971

Legal Domicile

Principal Officer

JEREMY YARDLEY

Phone

6087754715

Tax Period

2023-01-01 to 2023-12-31

GUNDERSEN CREDIT UNION, founded in 1971, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 4% surplus.

Mission

TO FUNCTION AS A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE FOR EMPLOYEES, RETIREES, AND VOLUNTEERS OF GUNDERSEN HEALTH SYSTEMS, AND ITS AFFILIATES, AND MEMBERS OF THEIR IMMEDIATE FAMILIES.

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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 $2,211,562

Investment Income $236,171

Other Revenue $0

TOTAL REVENUE $2,447,733

Expense Breakdown

Grants Paid $465

Salaries & Benefits $778,092

Fundraising Expenses $0

Program Expenses $2,345,331

Other Expenses $1,566,769

TOTAL EXPENSES $2,345,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,447,733	$1,954,633	+0.3%
Expenses	$2,345,326	$1,742,748	+0.3%
Net Income	$102,407	$211,885	-0.5%

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

$164,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BINGOL	CHAIR	2.00	Officer Director	$0	$0	$0
LOREN CARRELL	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL FISCH	TREASURER	2.00	Officer Director	$0	$0	$0
BRADY LOWE	DIRECTOR	2.00	Director	$0	$0	$0
KARL GOETHEL	DIRECTOR	2.00	Director	$0	$0	$0
LISA RAINEY	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH RITTER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEREMY YARDLEY	PRESIDENT/CEO	40.00	Officer	$152,632	$12,081	$164,713

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	$2,447,733	$2,345,326	$60,501,430	$102,407
2022	$1,954,633	$1,742,748	$61,290,036	$211,885
2021	$1,757,641	$1,544,255	$61,946,937	$213,386
2020	$1,722,655	$1,592,511	$57,790,348	$130,144
2019	$1,791,868	$1,464,430	$50,620,221	$327,438
2018	$1,661,300	$1,299,339	$45,830,888	$361,961

GUNDERSEN CREDIT UNION