BLACKHAWK COMMUNITY CREDIT UNION FOUNDATION INC

EIN: 320577477 501(c)(3)

Janesville, WI

Total Revenue
$104
Total Expenses
$742,610
Total Assets
N/A
Net Assets
N/A
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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
2018
Legal Domicile
WI
Principal Officer
Sue McGinniss
Phone
6087556065
Tax Period
2021-01-01 to 2021-12-31

BLACKHAWK COMMUNITY CREDIT UNION FOUNDATION INC, founded in 2018, is a micro nonprofit that reported $104 in total revenue in fiscal year 2021. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $743K exceeded revenue, resulting in a 713948% operating deficit.

Mission

To support charitable needs of the communities served by the Blackhawk Community Credit Union

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $104
Other Revenue $0
TOTAL REVENUE $104

Expense Breakdown

Grants Paid $739,985
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $742,610
Other Expenses $2,625
TOTAL EXPENSES $742,610

Year-over-Year Comparison

2021 2020 Change
Revenue $104 $449 -0.8%
Expenses $742,610 $593,481 +0.3%
Net Income $-742,506 $-593,032 +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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$570,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Palma Vice Chair 2
Director
$0 $30,000 $330,000
Matt Wohlers Treasurer 2
Director
$0 $20,000 $240,000
Sue McGinniss Chair 2
Director
$0 $0 $400
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
2021 $104 $742,610 No data $-742,506
2020 $449 $593,481 $742,506 $-593,032
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