SYNERGY PARTNERS 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

1935

Legal Domicile

Principal Officer

BRIAN BLASZAK

Phone

7736463000

Tax Period

2025-01-01 to 2025-03-31

SYNERGY PARTNERS CREDIT UNION, founded in 1935, is a small nonprofit that reported $102K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $707K exceeded revenue, resulting in a 591% operating deficit.

Mission

ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS. THE CREDIT UNION MAKES LOANS TO MEMBERS AND PAYS DIVIDENDS TO MEMBERS WITH SHARE DEPOSITS AT A COMPETETIVE RATE OF INTEREST.

Program Service Accomplishments

Program 1

CREDIT UNION MAKES AND SERVICES CONSUMER AND VISA CARD LOANS TO MEMBERS.

Program 2

CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST.

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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 $39,742

Investment Income $62,601

Other Revenue $0

TOTAL REVENUE $102,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,609

Fundraising Expenses $0

Other Expenses $653,482

TOTAL EXPENSES $707,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,343	$428,750	-0.8%
Expenses	$707,091	$403,217	+0.8%
Net Income	$-604,748	$25,533	-24.7%

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

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

$24,878

Total Directors

$38,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MALEVITIS	CHAIRMAN OF THE BOARD	0.50	Officer Director	$0	$0	$0
BRIAN E BLASZAK	PRESIDENT-TREASURER	40.00	Officer Director	$23,250	$1,628	$24,878
REYES CALVILLO	SECRETARY	0.50	Officer Director	$0	$0	$0
EDWARD HARNISCH	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
EDWARD JARMUSZKA	DIRECTOR	0.25	Director	$0	$0	$0
CLARK MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
SONIA PEREZ	VP-ASST. TREASURER	40.00	Director	$12,780	$895	$13,675
ROSE ZIVAT	DIRECTOR	0.25	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
2025	$102,343	$707,091	No data	$-604,748
2024	$428,750	$403,217	$11,032,190	$25,533
2023	$360,313	$372,157	$12,428,138	$-11,844
2022	$363,400	$350,911	$13,350,868	$12,489
2021	$419,664	$402,675	$13,591,737	$16,989
2020	$389,832	$371,281	$13,631,459	$18,551
2019	$444,682	$376,690	$12,158,656	$67,992
2018	$463,983	$408,214	$12,370,410	$55,769