ILLINOIS CREDIT UNION FOUNDATION (EIN 362994028) - 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

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS CREDIT UNION FOUNDATION, founded in 1978, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $844K, a strong 77% operating margin.

Mission

Promote charitable and educational goals as they relate to State and Federally chartered Credit Unions.

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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 $984,123

Program Service Revenue $0

Investment Income $56,423

Other Revenue $54,399

TOTAL REVENUE $1,094,945

Expense Breakdown

Grants Paid $201,053

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,059

Other Expenses $50,166

TOTAL EXPENSES $251,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,945	$361,867	+2.0%
Expenses	$251,219	$167,889	+0.5%
Net Income	$843,726	$193,978	+3.3%

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

N/A

Volunteers

100

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

$124,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lou Bicanic	Chairman	5.00	Officer Director	$0	$0	$0
Michelle Balog	Vice Chair	5.00	Officer Director	$0	$0	$0
Kerriann Mills	Secretary	5.00	Officer Director	$0	$0	$0
Geraldine Burek	Director	1.00	Director	$0	$0	$0
John Fiore	Director	1.00	Director	$0	$0	$0
John Hansen	Director	1.00	Director	$0	$0	$0
Michael Lee	Director	1.00	Director	$0	$0	$0
Thomas Pierce	Director	1.00	Director	$0	$0	$0
Susan Toalson	Director	1.00	Director	$0	$0	$0
Sarah Vega	Director	1.00	Director	$0	$0	$0
Amber Scott	Director	1.00	Director	$0	$0	$0
Melanie Murphy	Executive Director	35.00	Officer	$0	$0	$124,355

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	$1,094,945	$251,219	$2,039,044	$843,726
2022	$361,867	$167,889	$1,195,318	$193,978
2021	$223,016	$118,659	$1,001,340	$104,357
2020	$324,854	$359,617	$896,983	$-34,763

ILLINOIS CREDIT UNION FOUNDATION