ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) (EIN 363679911) - 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

1990

Legal Domicile

Principal Officer

JOSEPH TROSCLAIR

Phone

8472499431

Tax Period

2024-01-01 to 2024-12-31

ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC), founded in 1990, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $28.2M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.5M, a strong 30% operating margin.

Mission

TO MAKE A DIFFERENCE IN THE LIVES AND FINANCIAL WELL-BEING OF OUR MEMBERS AND EMPLOYEES.

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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 $33,336,136

Investment Income $18,524,433

Other Revenue $315,054

TOTAL REVENUE $52,175,623

Expense Breakdown

Grants Paid $24,685

Salaries & Benefits $11,339,141

Fundraising Expenses $0

Other Expenses $9,945,141

TOTAL EXPENSES $40,913,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,175,623	$41,938,236	+0.2%
Expenses	$40,913,939	$31,660,328	+0.3%
Net Income	$11,261,684	$10,277,908	+0.1%

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

134

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

$1,115,271

Total Directors

$751,676

Key Employees

$1,492,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH TROSCLAIR	PRESIDENT	40.00	Officer Director	$702,204	$49,472	$751,676
JAMES WENNER	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH SCHMIT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT REISER	TREASURER	2.00	Officer Director	$0	$0	$0
TOLANI ODUTAYO	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK STOFFEL	DIRECTOR	2.00	Director	$0	$0	$0
DOAN NGUYEN	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE DIOGUARDI	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE AMANN	DIRECTOR	2.00	Director	$0	$0	$0
JON BERNDT	SENIOR VICE PRESIDENT, CFO	40.00	Officer	$309,742	$53,853	$363,595
KENNETH KEIFER	SENIOR VICE PRESIDENT, LEN	40.00	Key Emp	$253,019	$56,574	$309,593
BRADY VAN HEIRSEELE	SENIOR VICE PRESIDENT, IT/	40.00	Key Emp	$250,180	$44,843	$295,023
JENNIFER PESTIKAS	SENIOR VICE PRESIDENT, BUS	40.00	Key Emp	$246,277	$39,717	$285,994
JENNIFER DZBINSKI	VICE PRESIDENT, SERVICE &	40.00	Key Emp	$184,153	$46,360	$230,513
DANIELLE HERBRECHTSMEIER	DIRECTOR OF ADMINISTRATION	40.00	Key Emp	$177,110	$23,184	$200,294
JANET OSBORN	DIRECTOR OF ACCOUNTING	40.00	Key Emp	$152,119	$18,634	$170,753
JASON ROBLESKI	DIRECTOR OF MARKETING	40.00	Highest	$144,314	$35,975	$180,289
JEFFREY DEMPSKI	SENIOR UNDERWRITING MANAGE	40.00	Highest	$141,082	$32,431	$173,513
SACHET KAMIN	DIRECTOR OF RISK	40.00	Highest	$147,235	$18,659	$165,894
ADAM SCHMIDT	FINANCE MANAGER	40.00	Highest	$122,315	$7,194	$129,509
DEBORAH ZIMMERMAN	SENIOR PRODUCT MANAGER	40.00	Highest	$118,152	$26,364	$144,516

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	$52,175,623	$40,913,939	$1,037,809,507	$11,261,684
2023	$41,938,236	$31,660,328	$1,000,837,841	$10,277,908
2022	$31,220,940	$23,336,386	$1,013,412,754	$7,884,554
2021	$27,617,158	$21,732,525	$1,021,053,305	$5,884,633
2020	$28,644,965	$22,966,095	$948,904,124	$5,678,870
2019	$31,394,587	$22,853,210	$817,233,842	$8,541,377
2018	$28,160,992	$19,679,822	$780,362,986	$8,481,170

ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC)