MWRD Employees Credit Union (EIN 362261513) - 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

1953

Principal Officer

Linda Geers

Tax Period

2023-01-01 to 2023-12-31

MWRD Employees Credit Union, founded in 1953, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 12% surplus.

Mission

To be our members primary financial institution by providing competative financial services in a secure environment

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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 $1,093,448

Investment Income $375,276

Other Revenue $93,549

TOTAL REVENUE $1,562,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,382

Fundraising Expenses $0

Program Expenses $140,107

Other Expenses $554,358

TOTAL EXPENSES $1,377,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,562,273	$1,328,597	+0.2%
Expenses	$1,377,847	$1,221,055	+0.1%
Net Income	$184,426	$107,542	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Geers	President	50	Highest	$135,551	$32,560	$168,111
Kari Steele	Chairperson	2	Officer	$0	$0	$0
Glenn Miller	Secretary	2	Officer	$0	$0	$0
Beverly Sander	Treasurer	4	Officer	$0	$0	$0
Brian Deitz	Board Member	2	Director	$0	$0	$0
Louis Storino	Board Member	3	Director	$0	$0	$0
Nathan Thomas	Board Member	2	Director	$0	$0	$0
Jacqueline Tor	Board Member	3	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	$1,562,273	$1,377,847	$37,536,714	$184,426
2022	$1,328,597	$1,221,055	$41,446,674	$107,542
2021	$1,386,599	$1,294,986	$42,360,096	$91,613
2020	$1,356,552	$1,213,351	$39,343,603	$143,201
2019	$1,338,129	$1,179,807	$35,642,066	$158,322
2018	$1,273,862	$1,121,152	$33,482,165	$152,710

MWRD Employees Credit Union