KANKAKEE FEDERATION OF TEACHERS CREDIT UNION

EIN: 362443404

KANKAKEE, IL

Total Revenue
$499,359
Total Expenses
$482,498
Total Assets
$10,492,276
Net Assets
$1,194,152
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
IL
Principal Officer
PATRICIA GEEL
Phone
8158024323
Tax Period
2024-01-01 to 2024-12-31

KANKAKEE FEDERATION OF TEACHERS CREDIT UNION, founded in 1956, is a small nonprofit that reported $499K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 3% surplus.

Mission

AS A SMALL AND SUCCESSFUL CREDIT UNION COMMITTED TO TEACHERS HELPING TEACHERS, THE KANKAKEE FEDERATION OF TEACHERS CREDIT UNION HAS AS ITS MISSION TO PROVIDE SOUND, STABLE, AND SECURE FINANCIAL SERVICES TO ITS PRESENT AND FUTURE MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $418,135
Investment Income $81,224
Other Revenue $0
TOTAL REVENUE $499,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,524
Fundraising Expenses $0
Other Expenses $382,974
TOTAL EXPENSES $482,498

Year-over-Year Comparison

2024 2023 Change
Revenue $499,359 $409,049 +0.2%
Expenses $482,498 $376,475 +0.3%
Net Income $16,861 $32,574 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
6
Employees
5
Volunteers
6

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
3
$82,704
Total Directors
9
$82,704
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARION JACKSON JR CHAIR 12.00
Officer Director
$23,297 $0 $23,297
PATRICIA GEEL ASSISTANT TREASURER 10.00
Officer Director
$26,500 $0 $26,500
RUTH HATCHER SECRETARY 1.00
Director
$0 $0 $0
JENNIFER CONN PRESIDENT/TREASURER 12.00
Officer Director
$32,907 $0 $32,907
OACHIA IRVIN BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA LOPEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW RUSEK BOARD MEMBER 1.00
Director
$0 $0 $0
PENNY SYLVESTER BOARD MEMBER 1.00
Director
$0 $0 $0
JASON WORDEN BOARD MEMBER 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
2025 No data No data No data No data
2024 $499,359 $482,498 $10,492,276 $16,861
2023 $409,049 $376,475 $9,561,901 $32,574
2022 $329,519 $314,587 $9,355,728 $14,932
2021 $327,882 $285,035 $9,322,023 $42,847
2020 $280,806 $268,644 $9,191,504 $12,162
2019 $325,151 $357,047 $9,061,761 $-31,896
2018 $284,471 $275,095 $8,853,199 $9,376
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare KANKAKEE FEDERATION OF TEACHERS CREDIT UNION with other nonprofits in Illinois and across the country.