Chicago's Bravest Credit Union (EIN 366066923) - 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

1957

Legal Domicile

Principal Officer

Joseph T Owens

Phone

7734451700

Tax Period

2025-01-01 to 2025-12-31

Chicago's Bravest Credit Union, founded in 1957, is a small nonprofit that reported $766K in total revenue in fiscal year 2025. The organization ran a surplus of $162K, a strong 21% operating margin.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $633,313

Investment Income $132,195

Other Revenue $431

TOTAL REVENUE $765,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,447

Fundraising Expenses $0

Other Expenses $350,950

TOTAL EXPENSES $604,397

Year-over-Year Comparison

	2025	2024	Change
Revenue	$765,939	$740,468	+0.0%
Expenses	$604,397	$591,998	+0.0%
Net Income	$161,542	$148,470	+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

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

$92,400

Total Directors

$92,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Corbett	Chairman	4.00	Officer Director	$0	$0	$0
John Shanahan	President	30.00	Officer Director	$46,200	$0	$46,200
Joseph Owens	Secretary/Treasurer	32.00	Officer Director	$46,200	$0	$46,200
Mark Mielnicki	Board Member	4.00	Director	$0	$0	$0
Robert Fleckenstein	Board Member	4.00	Director	$0	$0	$0
Nancy Van Buskirk	Board Member	4.00	Director	$0	$0	$0
Michael Kamer	Board Member	4.00	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	$765,939	$604,397	$10,514,149	$161,542
2024	$740,468	$591,998	$10,293,691	$148,470
2023	$648,376	$548,698	$10,109,329	$99,678
2022	$540,161	$420,249	$11,212,840	$119,912
2021	$501,434	$442,988	$11,074,013	$58,446
2020	$483,301	$469,013	$10,684,245	$14,288
2019	$501,712	$473,158	$9,989,658	$28,554
2018	$503,915	$483,946	$9,924,946	$19,969

Chicago's Bravest Credit Union