NATIONAL ASSOCIATION OF CREDIT MANAGEMENT GREAT LAKES REGION INC (EIN 356028857) - 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

1922

Legal Domicile

Principal Officer

PHILLIP LATTANZIO

Phone

8474836405

Tax Period

2024-04-01 to 2025-03-31

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT GREAT LAKES REGION INC, founded in 1922, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 11% surplus.

Mission

TO PROVIDE A FORUM TO ITS MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING AND BUSINESS RESOURCES.

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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 $751,383

Program Service Revenue $2,279,531

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,030,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $719,111

Fundraising Expenses $0

Other Expenses $1,965,408

TOTAL EXPENSES $2,684,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,030,914	$3,025,997	+0.0%
Expenses	$2,684,519	$2,706,007	0.0%
Net Income	$346,395	$319,990	+0.1%

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

N/A

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

$373,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT HEIZELMAN	CHAIR	0.50	Officer Director	$0	$0	$0
JEFF WEBER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DEB ROLLMAN	TREASURER	0.50	Officer Director	$0	$0	$0
SHELBY COCKCROFT	DIRECTOR	0.50	Director	$0	$0	$0
MARTINE DYER	DIRECTOR	0.50	Director	$0	$0	$0
KENDRA GERDES	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN PELOQUIN	DIRECTOR	0.50	Director	$0	$0	$0
ALICJA GORSKI	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH LANGE	DIRECTOR	0.50	Director	$0	$0	$0
CURTIS LITCHFIELD	DIRECTOR	0.50	Director	$0	$0	$0
CAROLINE PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
AMY COOK	DIRECTOR	0.50	Director	$0	$0	$0
JACK MAURO	DIRECTOR	0.50	Director	$0	$0	$0
ZEB MILLER	DIRECTOR	0.50	Director	$0	$0	$0
BRENDON MISIK	COUNCILOR	0.50	Director	$0	$0	$0
PHILLIP J LATTANZIO	PRESIDENT	5.00	Officer	$0	$24,402	$227,767
KERRY JENSEN	SECRETARY/CONTROLLER	5.00	Officer	$0	$4,468	$145,659
LILLIAN NOVAK	CHIEF COMMUNICATIONS OFFICER	5.00	Highest	$0	$2,159	$128,667
GLORIA SCOTT	CREDIT AND RISK SOLUTION CONSULTANT	5.00	Highest	$0	$441	$127,746
GREGORY STEINKOENIG	MANAGER OF CREDIT SOLUTION	5.00	Highest	$0	$23,212	$167,563

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
2025	$3,030,914	$2,684,519	$3,334,636	$346,395
2024	$3,025,997	$2,706,007	$2,948,297	$319,990
2023	$2,891,518	$2,702,971	$2,583,083	$188,547
2022	$2,540,378	$2,336,313	$2,394,171	$204,065
2021	$2,596,557	$2,347,683	$2,122,311	$248,874
2020	$2,802,355	$2,585,777	$1,759,736	$216,578
2019	$2,895,550	$2,641,667	$1,476,341	$253,883
2018	$2,669,508	$2,592,934	$1,475,980	$76,574

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT GREAT LAKES REGION INC