Maroon Financial Credit Union

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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

1957

Legal Domicile

Principal Officer

Scott Muniz

Phone

7737027179

Tax Period

2024-01-01 to 2024-12-31

Maroon Financial Credit Union, founded in 1957, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Net assets of $6.7M represent 26 months of operating reserves.

Mission

Illinois state chartered credit union operated for the mutual benefit of its members. The credit union makes loans to members and pays dividends to members with share deposits at a competetive rate of interest.

Program Service Accomplishments

Program 1

The credit union makes and services consumer loans and real estate loans to members. The number of loans outstanding at 12/31/24 is 1,971 for a total of $31,427,507.

Program 2

The Credit Union pays out dividends to its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/24 is 10,519 for a total of $44,782,040. The Credit...

The Credit Union pays out dividends to its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/24 is 10,519 for a total of $44,782,040. The Credit Union also offers on-line banking and bill paying and a variety of investment vehicles.

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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 $2,495,281

Investment Income $562,648

Other Revenue $30,069

TOTAL REVENUE $3,087,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,069,991

Fundraising Expenses $0

Other Expenses $2,259,791

TOTAL EXPENSES $3,329,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,087,998	$3,211,457	0.0%
Expenses	$3,329,782	$2,827,270	+0.2%
Net Income	$-241,784	$384,187	-1.6%

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

$279,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Heiser	Chairman	2.00	Officer Director	$0	$0	$0
Henry Way	Secretary	2.00	Officer Director	$0	$0	$0
Patricia Ferriter	Treasurer	2.00	Officer Director	$0	$0	$0
Janice Cobb	Board member	2.00	Director	$0	$0	$0
Esty Gur	Board member	2.00	Director	$0	$0	$0
Katherine Karvunis	Board member	2.00	Director	$0	$0	$0
Jennifer Lopez	Board member	2.00	Director	$0	$0	$0
Stephanie Preshon-Baker	Board member	2.00	Director	$0	$0	$0
Wakara Terry	Board member	2.00	Director	$0	$0	$0
Scott Muniz	President	50.00	Officer	$138,287	$9,997	$148,284
Thomas Agnew	Vice President	50.00	Officer	$104,713	$26,680	$131,393

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	$3,087,998	$3,329,782	$53,168,479	$-241,784
2023	$3,211,457	$2,827,270	$55,030,817	$384,187
2022	$2,844,638	$2,503,416	$59,961,130	$341,222
2021	$2,709,699	$2,319,015	$59,966,647	$390,684
2020	$3,151,580	$2,312,382	$55,246,419	$839,198
2019	$2,867,238	$2,460,707	$44,413,167	$406,531
2018	$2,469,383	$2,246,315	$42,135,361	$223,068