WISCONSIN CREDIT UNION FOUNDATION … - 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

2007

Legal Domicile

Principal Officer

SARAH WAINSCOTT

Phone

6086404040

Tax Period

2024-01-01 to 2024-12-31

WISCONSIN CREDIT UNION FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $299K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

FOUNDATION RESOURCES PROMOTE CREDIT UNION DEVELOPMENT, HELP EDUCATE CREDIT UNION STAFF AND VOLUNTEERS, SUPPORT PROGRAMMING TO ENHANCE FINANCIAL LITERACY, AND SUPPORT THE CREDIT UNION SYSTEM IN TIMES OF NEED.

Program Service Accomplishments

Program 1

Expenses: $80,000 Revenue: $0

THE FOUNDATION AWARDED GRANTS TOTALING $80,000 TO 12 WISCONSIN CREDIT UNIONS IN NEED OF SUPPORT FOR TECHNOLOGY AND OPERATIONS RELATED EXPENSES AND UPGRADES THAT WILL MEASURABLY ASSIST THE CREDIT...

THE FOUNDATION AWARDED GRANTS TOTALING $80,000 TO 12 WISCONSIN CREDIT UNIONS IN NEED OF SUPPORT FOR TECHNOLOGY AND OPERATIONS RELATED EXPENSES AND UPGRADES THAT WILL MEASURABLY ASSIST THE CREDIT UNION IN SERVING ITS MEMBERS.

Program 2

Expenses: $60,704 Revenue: $28,434

THE FOUNDATION INVESTED IN THE FINANCIAL COUNSELING CERTIFICATION PROGRAM (FICEP) THAT CREDENTIALED 21 INDIVIDUALS AS CREDIT UNION CERTIFIED FINANCIAL COUNSELORS (CCUFCS), BRINGING THE PROGRAM TOTAL TO NEARLY 300. IN ADDITION, MORE THAN 20 INDIVIDUALS COMPLETED THE RE-CERTIFICATION PROCESS. THE FOUNDATION ENGAGED WITH SYSTEM PARTNERS TO FACILITATE FICEP. THE PROGRAM USED THE CREDIT UNION NATIONAL ASSOCIATION'S CERTIFIED CREDIT UNION FINANCIAL COUNSELOR (CCUFC) TEXTBOOK, WHICH INVOLVES SELF-STUDY AND A SERIES OF WEBINARS, AND ENHANCED IT WITH ADDITIONAL PROGRAM CONTENT. THE ADDITIONAL CONTENT OFFERED INSIGHTS TO HELP PARTICIPANTS INTEGRATE COUNSELING ACROSS MULTIPLE TOUCH-POINTS WITH MEMBERS, THEREBY BROADENING THE SCOPE AND EFFECTIVENESS OF THEIR EFFORT. PARTICIPANTS HAD THE OPPORTUNITY TO NETWORK WITH OTHER CCUFC-CERTIFIED INDIVIDUALS TO DISCUSS EXPANDING COUNSELING PROGRAMS IN THEIR CREDIT UNIONS. THE FOUNDATION PROCTORS THE DESIGNATION EXAMINATION FOR STUDENTS WHO EARN THE CCUFC DESIGNATION FOLLOWING SUCCESSFUL COMPLETION. FUNDS FROM THE FOUNDATION CUT THE COST OF PARTICIPATION BY MORE THAN HALF.

Program 3

Expenses: $49,260 Revenue: $0

THE FOUNDATION AWARDED THE DIFFERENCE GRANTS TO 6 CREDIT UNIONS IN THE AMOUNT OF $49,260 TO IMPLEMENT INNOVATIVE SERVICES AND PROGRAMS TO HELP BUILD FINANCIALLY STRONG, SELF-SUPPORTING FAMILIES AND...

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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 $268,802

Program Service Revenue $28,434

Investment Income $20,560

Other Revenue $-18,428

TOTAL REVENUE $299,368

Expense Breakdown

Grants Paid $177,110

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,814

Other Expenses $68,487

TOTAL EXPENSES $245,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,368	$210,489	+0.4%
Expenses	$245,597	$214,137	+0.1%
Net Income	$53,771	$-3,648	-15.7%

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

Total Directors

$706,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA PALMA	CHAIR	0.19	Officer Director	$0	$0	$0
CHRIS FELTON	TREASURER	0.19	Officer Director	$0	$0	$0
SHELLY MELLENBERGER	VICE CHAIR	0.19	Officer Director	$0	$0	$0
JAMI OLCOTT	SECRETARY (FROM MAY 2024)	0.19	Officer Director	$0	$0	$0
BRETT THOMPSON	DIRECTOR	0.19	Director	$0	$44,784	$706,948
CHRIS MOCZYNSKI	DIRECTOR	0.19	Director	$0	$0	$0
BRANDON RIECHERS	DIRECTOR	0.19	Director	$0	$0	$0
LORA BENRUD	VICE CHAIR (THRU MAY 2024)	0.19	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
2025	No data	No data	No data	No data
2024	$299,368	$245,597	$875,926	$53,771
2023	$210,489	$214,137	$832,444	$-3,648
2023	$210,489	$214,137	$832,444	$-3,648
2022	$210,253	$176,882	$828,770	$33,371
2021	$188,905	$147,851	$779,314	$41,054
2020	$158,740	$111,970	$748,381	$46,770
2019	$135,977	$112,678	$682,836	$23,299
2018	$132,238	$87,309	$671,325	$44,929

WISCONSIN CREDIT UNION FOUNDATION INC