MORTON SALT 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

1952

Legal Domicile

Phone

3309271025

Tax Period

2020-01-01 to 2020-12-31

MORTON SALT CREDIT UNION, founded in 1952, is a micro nonprofit that reported $37K in total revenue in fiscal year 2020. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFED MEMBERS

Program Service Accomplishments

Program 1

DIVIDENDS PAID TO MEMBERS ON DEPOSIT ACCOUNTS. DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES. ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTIFOLIO FOR MEMBERS

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,458

Investment Income $10,653

Other Revenue $0

TOTAL REVENUE $37,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,178

Fundraising Expenses $0

Other Expenses $43,615

TOTAL EXPENSES $60,971

Year-over-Year Comparison

	2020	2019	Change
Revenue	$37,111	$161,260	-0.8%
Expenses	$60,971	$176,798	-0.7%
Net Income	$-23,860	$-15,538	+0.5%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

$10,771

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY CRAIG	PRESIDENT	0.00	Officer Director	$0	$0	$0
STEVE TELFORD	VICE PRESIDEND	0.00	Officer Director	$0	$0	$0
ROBERT HERALD	TREASURER	0.00	Officer Director	$0	$0	$0
GWEN CRAIG	TREASURER	0.00	Officer Director	$0	$0	$0
JERRY BECHTOL	DIRECTOR	0.00	Officer Director	$0	$0	$0
PAMELA BLUBAUGH	CEO	30.00	Key Emp	$10,771	$0	$10,771

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
2020	$37,111	$60,971	$4,165,327	$-23,860
2019	$161,260	$176,798	$4,070,088	$-15,538
2018	$159,403	$168,084	$4,104,759	$-8,681