KANKAKEE TERMINAL BELT CREDIT UNION (EIN 362274673) - 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

Legal Domicile

Principal Officer

JULIE PARKS

Phone

8159391688

Tax Period

2023-01-01 to 2023-12-31

KANKAKEE TERMINAL BELT CREDIT UNION, founded in 1953, is a small nonprofit that reported $466K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $845K exceeded revenue, resulting in a 81% operating deficit.

Mission

PROVIDE CONSUMER LOANS, RECEIVE DEPOSITS ON SAVINGS, CHECKING AND CD ACCOUNTS TO MEMBERS.

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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 $423,127

Investment Income $38,352

Other Revenue $4,795

TOTAL REVENUE $466,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,866

Fundraising Expenses $0

Other Expenses $661,016

TOTAL EXPENSES $844,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,274	$406,478	+0.1%
Expenses	$844,882	$353,500	+1.4%
Net Income	$-378,608	$52,978	-8.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT MANAU	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL SNEED	VICE-CHAIRPERSON	1.00	Director	$0	$0	$0
ADRIAN KLOSSING	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MONTY PARKS	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PARKS	MANAGER	1.00	Officer Director	$0	$0	$0
JULIE EBERSOLE	DIRECTOR	1.00	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
2023	$466,274	$844,882	No data	$-378,608
2022	$406,478	$353,500	$7,176,448	$52,978
2021	$391,843	$352,576	$7,507,591	$39,267
2020	$375,804	$362,537	$6,556,213	$13,267
2019	$374,734	$363,711	$5,406,453	$11,023
2018	$385,151	$477,113	$5,536,682	$-91,962

KANKAKEE TERMINAL BELT CREDIT UNION