South Division 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

GERALDINE M BUREK

Phone

7088577070

Tax Period

2020-01-01 to 2020-12-31

South Division Credit Union, founded in 1935, is a community nonprofit in the Public & Societal Benefit sector that reported $2.5M in total revenue in fiscal year 2020. Revenue decreased 16% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 79% operating deficit.

Mission

Provide deposit financial services including, but not limited to savings accts, checking accts, and IRA's to 5400 members. Also provide loan services including auto loans, real estate loans, etc.

Program Service Accomplishments

Program 1

Expenses: $4,534,535 Revenue: $2,214,055

To provide financial products and services to the credit union members Services include savings accts., checking accounts., money market acct auto loans, signature loans, real estate loans, as well...

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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 (2020)

Revenue Breakdown

Contributions & Grants $42,000

Program Service Revenue $2,172,055

Investment Income $325,479

Other Revenue $0

TOTAL REVENUE $2,539,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,234,359

Fundraising Expenses $0

Program Expenses $4,534,535

Other Expenses $2,300,176

TOTAL EXPENSES $4,534,535

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,539,534	$3,026,582	-0.2%
Expenses	$4,534,535	$2,899,653	+0.6%
Net Income	$-1,995,001	$126,929	-16.7%

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

N/A

Independent Members

N/A

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

$402,114

Total Directors

$408,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL MUELLER	Board Member	5.000	Director	$0	$0	$0
JOHN PAUL JR	Board Chairman	5.000	Director	$0	$0	$0
ALICE THOMAS	Board Secretary	5.000	Director	$0	$0	$0
GERRY ADASIAK	Board Member	5.000	Director	$0	$0	$0
GERALDINE M BUREK	Credit Union President	60.00	Officer Director	$402,114	$0	$402,114
SHARON KIZLYK	Board Member	10.00	Director	$6,456	$0	$6,456

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
2020	$2,539,534	$4,534,535	$48,940,067	$-1,995,001
2019	$3,026,582	$2,899,653	$44,747,395	$126,929
2018	$3,121,243	$2,950,590	$45,605,540	$170,653