Midwest Coalition of Labor Credit … - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

Casey Martin

Phone

7084829606

Tax Period

2024-01-01 to 2024-12-31

Midwest Coalition of Labor Credit Union, founded in 1974, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 28% operating margin.

Mission

IL state chartered credit union operated for the mutual benefit of its members.

Program Service Accomplishments

Program 1

The credit union makes and services loans to members. The number of loans outstanding at 12/31/24 was 3,498 totaling $48,720,774.

Program 2

The credit union pays dividends to its members on share deposit accounts. The number of share accounts at 12/31/24 was 11,044 totaling $64,245,069.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,555,843

Investment Income $502,570

Other Revenue $0

TOTAL REVENUE $4,058,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,212,187

Fundraising Expenses $0

Other Expenses $1,695,719

TOTAL EXPENSES $2,907,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,058,413	$3,808,388	+0.1%
Expenses	$2,907,906	$2,670,068	+0.1%
Net Income	$1,150,507	$1,138,320	+0.0%

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

$213,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Cisco	Chairperson	2.00	Officer Director	$0	$0	$0
Kevin McLaughlin	Vice Chairman	2.00	Officer Director	$0	$0	$0
Robert A Paszta	Secretary	2.00	Officer Director	$0	$0	$0
Patrick J Kelly	Treasurer	2.00	Officer Director	$0	$0	$0
James Connolly	Director	2.00	Director	$0	$0	$0
John Garza	Director	2.00	Director	$0	$0	$0
Trudy Mares	Director	2.00	Director	$0	$0	$0
Donald Finn	Director	2.00	Director	$0	$0	$0
Casey Martin	President	50.00	Officer	$135,209	$77,894	$213,103

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
2025	No data	No data	No data	No data
2024	$4,058,413	$2,907,906	$74,540,013	$1,150,507
2023	$3,808,388	$2,670,068	$73,466,465	$1,138,320
2022	$3,088,502	$2,112,654	$73,344,318	$975,848
2021	$2,991,161	$1,990,307	$67,973,468	$1,000,854
2020	$2,218,664	$1,669,477	$59,467,605	$549,187

Midwest Coalition of Labor Credit Union