WESTERN INDIANA CREDIT UNION (EIN 356025623) - 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

1932

Legal Domicile

Principal Officer

MITZI PERKISON

Phone

8122681196

Tax Period

2023-01-01 to 2023-12-31

WESTERN INDIANA CREDIT UNION, founded in 1932, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $321K, a strong 16% operating margin.

Mission

COOPERATIVE FINANCIAL INSTITUTION PROVIDING SAVINGS AND LOAN PRODUCTS TO 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 $1,806,534

Investment Income $255,001

Other Revenue $0

TOTAL REVENUE $2,061,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $578,665

Fundraising Expenses $0

Program Expenses $1,740,743

Other Expenses $1,162,078

TOTAL EXPENSES $1,740,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,061,535	$1,594,463	+0.3%
Expenses	$1,740,743	$1,388,187	+0.3%
Net Income	$320,792	$206,276	+0.6%

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

$95,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSTY SINDERS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RANDALL PIGG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CARDINAL	DIRECTOR	1.00	Director	$0	$0	$0
KEN SEBASTIAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KILLION	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM COULSON	DIRECTOR	1.00	Director	$0	$0	$0
MITZI PERKINSON	CEO	40.00	Officer	$95,631	$0	$95,631

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	$2,061,535	$1,740,743	$38,587,250	$320,792
2022	$1,594,463	$1,388,187	$37,142,507	$206,276
2021	$1,663,210	$1,204,997	$37,195,858	$458,213
2020	$1,549,084	$1,213,234	$39,345,494	$335,850
2019	$1,428,311	$1,193,046	$32,543,550	$235,265
2018	$1,170,140	$948,224	$26,449,519	$221,916

WESTERN INDIANA CREDIT UNION