Illiana Financial Credit Union (EIN 351053425) - 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

1935

Legal Domicile

Principal Officer

Jim Henmueller

Phone

7088917805

Tax Period

2023-01-01 to 2023-12-31

Illiana Financial Credit Union, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $13.8M in total revenue in fiscal year 2023. Expenses of $12.2M left a modest 12% surplus.

Mission

Illinois State chartered credit union operated for the mutual benefit of 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,461,684

Investment Income $2,773,485

Other Revenue $1,546,047

TOTAL REVENUE $13,781,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,609,049

Fundraising Expenses $0

Other Expenses $7,560,116

TOTAL EXPENSES $12,169,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,781,216	$13,127,355	+0.0%
Expenses	$12,169,165	$11,552,478	+0.1%
Net Income	$1,612,051	$1,574,877	+0.0%

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

N/A

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

$935,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russ Melby	Chairperson	1.00	Officer Director	$0	$0	$0
Bill Frank	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Derrick Bay	Treasurer/Secretary	1.00	Officer Director	$0	$0	$0
Ed Paesel	Director	1.00	Director	$0	$0	$0
Kristi Peckham	Director	1.00	Director	$0	$0	$0
Dan Smits	Director	1.00	Director	$0	$0	$0
Russ Prekwas	Director	1.00	Director	$0	$0	$0
Jim Henmueller	President/CEO	40.00	Officer	$385,314	$55,966	$441,280
Angelica Zuniga	Chief Administration Offic	40.00	Officer	$130,265	$29,065	$159,330
Leonard Boos	Chief Financial Officer	40.00	Officer	$163,918	$34,016	$197,934
Jill Wilson	Chief Strategy Officer	40.00	Officer	$0	$0	$0
Sonia Gomez	Chief Communications Offic	40.00	Officer	$117,896	$19,050	$136,946

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	No data	No data	No data	No data
2023	$13,781,216	$12,169,165	$257,590,696	$1,612,051
2022	$13,127,355	$11,552,478	$267,703,483	$1,574,877
2021	$11,725,137	$10,206,944	$287,928,355	$1,518,193
2020	$11,403,182	$11,079,299	$276,470,197	$323,883
2019	$12,173,410	$10,693,240	$231,497,300	$1,480,170
2018	$12,106,873	$10,539,433	$224,734,754	$1,567,440

Illiana Financial Credit Union