ABRI CREDIT UNION (EIN 362146035) - 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

1949

Legal Domicile

Principal Officer

BRIAN CEDERGREN

Phone

8152677700

Tax Period

2023-01-01 to 2023-12-31

ABRI CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2018. Expenses of $13.1M left a modest 12% surplus.

Mission

ABRI CREDIT UNION IS A NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL COOPERATIVE THAT EXISTS TO HELP OUR MEMBERS SUCCEED FINANCIALLY. WE SERVE RESIDENTS & BUSINESSES IN DUPAGE, WILL & PORTIONS OF COOK COUNTY.

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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 $1,785,620

Program Service Revenue $16,315,648

Investment Income $2,229,382

Other Revenue $0

TOTAL REVENUE $20,330,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,339,995

Fundraising Expenses $0

Other Expenses $8,769,351

TOTAL EXPENSES $16,109,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,330,650	$19,117,577	+0.1%
Expenses	$16,109,346	$14,237,963	+0.1%
Net Income	$4,221,304	$4,879,614	-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

138

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

$768,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN CEDERGREN	PRESIDENT/CEO	50.00	Officer	$412,016	$50,491	$462,507
PATRICIA LOCKE	EVP/COO	50.00	Officer	$263,715	$42,022	$305,737
COLLEEN BROOKS	SVP ADMINISTRATION	50.00	Highest	$170,880	$43,228	$214,108
KIMBERLY NICHOLS	SVP MEMBER EXPERIENCE	50.00	Highest	$150,272	$40,125	$190,397
JAMIE HOGUE	SVP LENDING	50.00	Highest	$142,835	$40,713	$183,548
JAMES EVANS	VP IT/FACILITIES	50.00	Highest	$122,740	$27,192	$149,932
SARAH KISER	VP ACCOUNTING/CARD SERVICE	50.00	Highest	$125,875	$11,023	$136,898
MARYANN EGIZIO	CHAIRMAN	6.00	Officer Director	$0	$0	$0
WILLIAM VROMAN	VICE CHAIRMAN	6.00	Officer Director	$0	$0	$0
BRADFORD STACY	TREASURER	6.00	Officer Director	$0	$0	$0
DONALD KROK	SECRETARY	6.00	Officer Director	$0	$0	$0
PHIL BRANSHAW	BOARD MEMBER	6.00	Director	$0	$0	$0
DARYL KEENE	BOARD MEMBER	6.00	Director	$0	$0	$0
MARTY MCGINNIS	BOARD MEMBER	6.00	Director	$0	$0	$0
JAMES MILLER	BOARD MEMBER	6.00	Director	$0	$0	$0
MICHELLE SCHIKORA	BOARD MEMBER	6.00	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	No data	No data	No data	No data
2023	$20,330,650	$16,109,346	$378,865,832	$4,221,304
2022	$19,117,577	$14,237,963	$395,936,429	$4,879,614
2021	$14,619,681	$13,891,826	$405,514,463	$727,855
2020	$14,976,043	$14,040,264	$378,250,637	$935,779
2019	$15,728,049	$14,793,190	$326,970,723	$934,859
2018	$14,896,128	$13,148,676	$318,864,958	$1,747,452

ABRI CREDIT UNION