0220 ABBEY CREDIT UNION INC (EIN 310329725) - 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

1937

Principal Officer

DEAN PIELEMEIER

Phone

3978987800

Tax Period

2024-01-01 to 2024-12-31

0220 ABBEY CREDIT UNION INC, founded in 1937, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $9.6M left a modest 14% surplus.

Mission

OUR MISSION IS TO HELP OUR MEMBERS IMPROVE THEIR ECONOMIC WELL BEING AND QUALITY OF LIFE BY BEING COMPETITIVE, CONVENIENT, AND CUTTING EDGE.

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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 $10,089,025

Investment Income $1,024,919

Other Revenue $0

TOTAL REVENUE $11,113,944

Expense Breakdown

Grants Paid $6,270

Salaries & Benefits $3,130,702

Fundraising Expenses $0

Other Expenses $3,910,411

TOTAL EXPENSES $9,597,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,113,944	$8,612,501	+0.3%
Expenses	$9,597,370	$7,418,139	+0.3%
Net Income	$1,516,574	$1,194,362	+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

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

$555,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN PIELEMEIER	CEO	40.00	Officer	$236,331	$25,031	$261,362
TERI PUTHOFF	CFO	40.00	Officer	$147,415	$17,452	$164,867
ERIC STETZEL	COMMERCIAL L	40.00	Highest	$139,179	$20,818	$159,997
BLANCA CRINER	CHIEF MKT &	40.00		$130,376	$4,398	$134,774
LISA BURK	CXO	40.00	Officer	$124,456	$4,732	$129,188
CAITLIN CRUTCHFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES LATHAM FARLEY	TREASURER	1.00	Director	$0	$0	$0
JENNIFER HESS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE MOORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL SAUNDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE TRICK	SECRETARY	1.00	Director	$0	$0	$0
STEVEN WILMOTH	CHAIRMAN	1.00	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	$11,113,944	$9,597,370	$174,590,840	$1,516,574
2023	$8,612,501	$7,418,139	$155,887,519	$1,194,362
2022	$6,146,738	$5,526,970	$144,624,469	$619,768
2021	$5,344,166	$4,729,994	$129,593,022	$614,172
2020	$4,697,872	$4,324,209	$111,990,687	$373,663

0220 ABBEY CREDIT UNION INC