Illinois Valley Credit Union (EIN 362334042) - 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

1955

Legal Domicile

Principal Officer

Thomas J Kist

Phone

8152242667

Tax Period

2024-01-01 to 2024-12-31

Illinois Valley Credit Union, founded in 1955, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Illinois state chartered credit union operated for the mutual benefit of its 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,155,619

Investment Income $344,852

Other Revenue $13,000

TOTAL REVENUE $2,513,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $776,390

Fundraising Expenses $0

Other Expenses $1,664,084

TOTAL EXPENSES $2,440,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,513,471	$2,196,495	+0.1%
Expenses	$2,440,474	$2,096,983	+0.2%
Net Income	$72,997	$99,512	-0.3%

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

$317,048

Total Directors

$182,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Bertrand-Burt	Chairperson	0.50	Officer Director	$0	$0	$0
Polly Ragazincky	Vice Chairperson	0.50	Officer Director	$0	$0	$0
Steve Piano	Secretary	0.50	Officer Director	$0	$0	$0
Chris Romagnoli	Director	0.50	Director	$0	$0	$0
Debbie Feeney	Director	0.50	Director	$0	$0	$0
David Buckley	Director	0.50	Director	$0	$0	$0
Tom Kist	President	40.00	Officer Director	$155,934	$26,393	$182,327
Jennifer Bunker Skerston	Director	0.50	Director	$0	$0	$0
Lorie Siensa	Vice President	40.00	Officer	$114,837	$19,884	$134,721

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	$2,513,471	$2,440,474	$38,478,124	$72,997
2022	$1,872,703	$1,689,095	$38,076,733	$183,608
2021	$1,834,209	$1,584,158	$35,316,623	$250,051
2020	$1,668,303	$1,483,827	$32,533,635	$184,476
2019	$1,647,927	$1,558,885	$28,279,291	$89,042
2018	$1,811,797	$1,458,595	$26,315,265	$353,202

Illinois Valley Credit Union