FIRST TRUST CREDIT UNION (EIN 351089892) - 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

1959

Legal Domicile

Principal Officer

KIM KNIOLA

Phone

2198796161

Tax Period

2023-01-01 to 2023-12-31

FIRST TRUST CREDIT UNION, founded in 1959, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 23% operating margin.

Mission

THE CREDIT UNION ANTICIPATES AND PROVIDES FINANCIAL NEEDS, WANTS, AND GOALS FOR OUR MEMBER-OWNERS, INCLUDING VARIOUS LOANS AT REASONABLE RATES AND SAVINGS ACCOUNTS WITH A GOOD RETURN.

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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 $4,809,338

Investment Income $2,098,311

Other Revenue $116,902

TOTAL REVENUE $7,024,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,316,185

Fundraising Expenses $0

Program Expenses $5,398,512

Other Expenses $3,082,327

TOTAL EXPENSES $5,398,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,024,551	$6,159,987	+0.1%
Expenses	$5,398,512	$4,879,126	+0.1%
Net Income	$1,626,039	$1,280,861	+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

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

$262,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BECHINSKI	SECRETARY	1.00	Director	$0	$0	$0
JOHN HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MINK	TREASURER & VICE CHAIR	1.00	Director	$0	$0	$0
BOB TILLEMA	CHAIRMAN	1.00	Director	$0	$0	$0
JUDY WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN HARROW	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA JENKS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM KNIOLA	CEO	40.00	Officer	$181,146	$0	$181,146
DAN RAJSIC	CFO	40.00	Officer	$80,881	$0	$80,881

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	$7,024,551	$5,398,512	$160,830,490	$1,626,039
2022	$6,159,987	$4,879,126	$171,651,792	$1,280,861
2021	$5,720,255	$4,596,075	$164,833,432	$1,124,180
2020	$5,692,292	$4,967,258	$145,639,941	$725,034
2019	$6,359,641	$4,685,134	$120,561,536	$1,674,507
2018	$5,604,639	$4,455,695	$113,720,963	$1,148,944

FIRST TRUST CREDIT UNION