Illinois Credit Union League

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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

1930

Legal Domicile

Phone

6309833400

Tax Period

2023-01-01 to 2023-12-31

Illinois Credit Union League, founded in 1930, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 5% surplus.

Mission

SUPPORT STATE AND FEDERALLY CHARTERED CREDIT UNIONS IN ILLINOIS BY PROVIDING EDUCATION, ADVOCACY AND COMPLIANCE SERVICES ALLOWING THEM TO PROSPER IN THE FINANCIAL MARKETPLACE.

Program Service Accomplishments

Program 1

LEGAL AND COMPLIANCE ADVISORY SERVICES TO MEMBER CREDIT UNIONS

Program 2

MEMBERSHIP SERVICES INCLUDING ACTIVITIES SUPPORTING STATEWIDE CHARTERS AND ANY SPECIAL BOARD AUTHORIZED ACTIVITIES FOR CREDIT UNION MEMBERS

Program 3

DEVELOPMENT, EDUCATIONAL AND NETWORKING CONFERENCES AND EVENTS

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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 $3,552,985

Investment Income $183,575

Other Revenue $367,250

TOTAL REVENUE $4,103,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,041,771

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,864,396

TOTAL EXPENSES $3,906,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,103,810	$3,701,935	+0.1%
Expenses	$3,906,167	$3,586,649	+0.1%
Net Income	$197,643	$115,286	+0.7%

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

127

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

$2,006,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary	5.0	Officer Director	$0	$0	$0
N/A	Vice Chair	5.0	Officer Director	$0	$0	$0
N/A	Chairman of the Board	5.0	Officer Director	$0	$0	$0
N/A	Treasurer	5.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	VP Legislative Counsel	35.0	Officer	$212,560	$10,287	$222,847
N/A	SVP Member Resources	35.0	Officer	$229,270	$16,512	$245,782
N/A	SVP Governmental Affairs	35.0	Officer	$255,675	$15,280	$270,955
N/A	EVP Regulatory Affairs	35.0	Officer	$321,648	$11,128	$332,776
N/A	President/CEO	20.0	Officer	$0	$29,220	$934,371

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	$4,103,810	$3,906,167	$27,229,643	$197,643
2022	$3,701,935	$3,586,649	$25,079,828	$115,286
2021	$3,457,086	$3,322,796	$20,722,665	$134,290
2020	$3,186,266	$3,074,248	$18,786,840	$112,018
2019	$3,733,739	$3,718,985	$13,925,549	$14,754