Knoll Employees Credit Union

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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

Glenn Neiman

Phone

2156936267

Tax Period

2023-01-01 to 2023-12-31

Knoll Employees Credit Union, founded in 1974, is a small nonprofit that reported $171K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.4M represent 97 months of operating reserves.

Mission

Provide members with financial services including savings accounts and personal loans.

Program Service Accomplishments

Program 1

Expenses: $175,800 Revenue: $170,594

Issued 48 new loans totaling $776,128 to members in 2023. Savings deposits total $6,330,071 as of 12/31/2022. Members continue to utilize the services offered by their Credit union. The Board of...

Issued 48 new loans totaling $776,128 to members in 2023. Savings deposits total $6,330,071 as of 12/31/2022. Members continue to utilize the services offered by their Credit union. The Board of Directors and management are confident in our mission to provide competitive savings and loan programs to the membership.

Program 2

not applicable

Program 3

not applicable

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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 $91,053

Investment Income $79,541

Other Revenue $0

TOTAL REVENUE $170,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,353

Fundraising Expenses $0

Program Expenses $175,800

Other Expenses $64,447

TOTAL EXPENSES $175,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,594	$157,099	+0.1%
Expenses	$175,800	$148,560	+0.2%
Net Income	$-5,206	$8,539	-1.6%

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

N/A

Employees

Volunteers

N/A

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

Total Directors

Key Employees

$50,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Conrad	Office Administrator	40	Key Emp Highest	$50,000	$0	$50,000
Debra Shinn	President	0	Officer Director	$0	$0	$0
Marlene Grow	First Vice President	0	Officer Director	$0	$0	$0
Joseph Duna	Secretary	0	Officer Director	$0	$0	$0
Glenn Neiman	Treasurer	0	Officer Director	$0	$0	$0
Jeanne Schlicher	Asst Treasurer	0	Officer Director	$0	$0	$0
Steve Ackerman	Director	0	Director	$0	$0	$0
Suaznne Von Drach	Second Vice President	0	Officer Director	$0	$0	$0

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	$170,594	$175,800	$6,490,275	$-5,206
2022	$157,099	$148,560	$7,719,673	$8,539
2021	$148,729	$152,397	$7,855,782	$-3,668
2020	$180,756	$157,676	$7,765,342	$23,080