Fox Valley Credit Union (EIN 360757152) - 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

1936

Legal Domicile

Principal Officer

Kyle B Whelan

Phone

6308592276

Tax Period

2023-01-01 to 2023-12-31

Fox Valley Credit Union, founded in 1936, is a small nonprofit that reported $883K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $3.0M represent 41 months of operating reserves.

Mission

Illinois state chartered credit union offering financial services to 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 $1,292,069

Investment Income $773,177

Other Revenue $0

TOTAL REVENUE $2,065,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,637

Fundraising Expenses $0

Other Expenses $1,272,369

TOTAL EXPENSES $1,935,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,065,246	$1,865,997	+0.1%
Expenses	$1,935,006	$1,599,454	+0.2%
Net Income	$130,240	$266,543	-0.5%

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

$132,064

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Meyer	Chairman	2.00	Officer Director	$0	$0	$0
Durrell Williams	Vice Chairman	5.00	Officer Director	$0	$0	$0
Robin Lamb	Treasurer	2.00	Officer Director	$0	$0	$0
Elizabeth Jarvis	Secretary	2.00	Officer Director	$0	$0	$0
Bobby Mitchell	Director	1.00	Director	$0	$0	$0
Judith Jarvis	Director	1.00	Director	$0	$0	$0
Gerard Nickels	Director	1.00	Director	$0	$0	$0
Jim Weiss	Director	1.00	Director	$0	$0	$0
Dave Dolder	Director	1.00	Director	$0	$0	$0
Mark Lyons	Director	1.00	Director	$0	$0	$0
Kyle B Whelan	President/CEO	48.00	Officer	$107,200	$24,864	$132,064

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	$2,065,246	$1,935,006	$47,690,119	$130,240
2022	$1,865,997	$1,599,454	$50,084,361	$266,543
2021	$1,896,760	$1,676,700	$50,847,657	$220,060
2020	$1,635,298	$1,762,889	$49,418,921	$-127,591
2019	$1,714,254	$1,677,899	$45,081,562	$36,355
2018	$882,975	$871,464	$27,005,867	$11,511

Fox Valley Credit Union