WIREMEN'S CREDIT UNION INC (EIN 340899424) - 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

1955

Legal Domicile

Principal Officer

JENNIFER KOMORNIK

Phone

4408873800

Tax Period

2024-01-01 to 2024-12-31

WIREMEN'S CREDIT UNION INC, founded in 1955, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 8% surplus.

Mission

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $927,791

Investment Income $509,202

Other Revenue $0

TOTAL REVENUE $1,436,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,860

Fundraising Expenses $0

Other Expenses $1,106,412

TOTAL EXPENSES $1,327,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,993	$1,217,820	+0.2%
Expenses	$1,327,272	$1,075,505	+0.2%
Net Income	$109,721	$142,315	-0.2%

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

$74,139

Total Directors

$74,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BREMMER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN WIEMELS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN STREDNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER KOMORNIK	CEO	45.00	Officer Director	$74,139	$0	$74,139
JARROD AMBERIK	VICE PRESIDENT	1.00	Director	$0	$0	$0
JASON BRINGMAN	TREASURER	1.00	Director	$0	$0	$0
DAVID NOVAK	DIRECTOR	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	$1,436,993	$1,327,272	$38,037,959	$109,721
2023	$1,217,820	$1,075,505	$37,645,933	$142,315
2022	$919,976	$825,682	$36,570,205	$94,294
2021	$884,845	$813,590	$35,271,216	$71,255
2020	$953,218	$824,954	$34,390,548	$128,264
2019	$963,077	$918,567	$29,687,537	$44,510
2018	$868,089	$805,602	$27,834,842	$62,487

WIREMEN'S CREDIT UNION INC