CHICAGO MUNICIPAL EMPLOYEE'S CREDIT UNION (EIN 360902923) - 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

1926

Legal Domicile

Principal Officer

DAVID BRYANT

Phone

3122362326

Tax Period

2024-01-01 to 2024-12-31

CHICAGO MUNICIPAL EMPLOYEE'S CREDIT UNION, founded in 1926, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Expenses of $7.7M exceeded revenue, resulting in a 89% operating deficit.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,671,531

Investment Income $396,986

Other Revenue $0

TOTAL REVENUE $4,068,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,021,260

Fundraising Expenses $0

Other Expenses $6,650,699

TOTAL EXPENSES $7,671,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,068,517	$4,006,292	+0.0%
Expenses	$7,671,959	$4,654,597	+0.6%
Net Income	$-3,603,442	$-648,305	+4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRYANT	CHAIRMAN	1.50	Officer Director	$0	$0	$0
EUGENE WILLIAMS	VICE CHAIRMA	1.50	Officer Director	$0	$0	$0
BEVERLY GULLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
LANCE LEWIS	TREASURER	1.50	Officer Director	$0	$0	$0
PATRICIA RIOS	DIRECTOR	1.50	Director	$0	$0	$0
MELANIE NEELY	DIRECTOR	1.50	Director	$0	$0	$0
DAVID MCKINNEY	DIRECTOR	1.50	Director	$0	$0	$0
PATRICIA JACKOWIAK	DIRECTOR	1.50	Director	$0	$0	$0

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	$4,068,517	$7,671,959	$58,360,663	$-3,603,442
2023	$4,006,292	$4,654,597	$59,128,347	$-648,305
2022	$3,857,215	$3,720,350	$57,741,757	$136,865
2021	$3,249,858	$2,912,433	$62,399,832	$337,425
2020	$2,413,749	$2,862,739	$48,631,476	$-448,990
2019	$2,674,695	$2,986,362	$38,723,586	$-311,667
2018	$2,767,776	$2,860,254	$37,828,186	$-92,478

CHICAGO MUNICIPAL EMPLOYEE'S CREDIT UNION