KANE COUNTY TEACHERS CREDIT UNION

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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

1937

Legal Domicile

Principal Officer

R Michael Lee

Phone

8477413344

Tax Period

2024-01-01 to 2024-11-30

KANE COUNTY TEACHERS CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $33.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $30.0M left a modest 12% surplus.

Mission

Building Stronger Communities Together.

Program Service Accomplishments

Program 1

2,441 1st & 2nd Mortgages to Members. 5,692 Auto Loans to Members. 71 Student Loans to Members.

Program 2

9,342 Credit Card Loans/Lines of Credit to Members. 26,840 Debit Cards to Members,.

Program 3

24,690 Member Checking Accounts. 36,090 Member Share Accounts. 809 Member Money Market Accounts. 2,304 Member Share Certificate Accounts.

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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 $23,860,598

Investment Income $8,317,434

Other Revenue $1,757,512

TOTAL REVENUE $33,935,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,585,196

Fundraising Expenses $0

Program Expenses $0

Other Expenses $21,370,571

TOTAL EXPENSES $29,955,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,935,544	$29,884,890	+0.1%
Expenses	$29,955,767	$25,559,556	+0.2%
Net Income	$3,979,777	$4,325,334	-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

144

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

$862,096

Total Directors

Key Employees

$548,386

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R Michael Lee	President/CEO	40	Officer Highest	$630,369	$30,583	$660,952
Joseph Menolascino	Executive Vice President Operations/Lending	40	Key Emp Highest	$271,072	$27,637	$298,709
Sergio Rodriguez	Senior Vice President	40	Key Emp Highest	$216,441	$33,236	$249,677
Jeremy T Shipley	Vice President/CFO	40	Officer Highest	$184,957	$16,187	$201,144
Jessica Robledo	Director, Lending and Loss Mitigation	40	Highest	$164,350	$31,229	$195,579
Benjamin Bernal	VP Operations & Public Relations	40	Highest	$172,850	$6,875	$179,725
George Milano	Vice President, Information Technology	40	Highest	$161,475	$15,209	$176,684
Kimberly Wager	Supervisory Committee	1	Director	$0	$0	$0
Melanie Meidel	Director, Chairperson	0	Director	$0	$0	$0
Angela Smith	Director, Vice Chairperson	1	Director	$0	$0	$0
Carole Medal	Director, Secretary & Treasurer	1	Director	$0	$0	$0
David Kintz	Director, Supervisory Committee Chairperson	1	Director	$0	$0	$0
Jaime Garcia	Director	1	Director	$0	$0	$0
Keith McTyer	Director	1	Director	$0	$0	$0
Patrick Mogge	Director	1	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	$33,935,544	$29,955,767	No data	$3,979,777
2023	$29,884,890	$25,559,556	$417,769,462	$4,325,334
2022	$22,161,800	$18,210,613	$381,177,196	$3,951,187
2021	$16,257,755	$14,484,887	$376,184,077	$1,772,868
2020	$14,157,169	$13,319,070	$326,702,612	$838,099
2019	$15,600,939	$13,357,270	$262,225,803	$2,243,669
2018	$13,571,763	$12,113,274	$248,585,387	$1,458,489