Oak Lawn Municipal Employees Credit Union (EIN 366083727) - 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

1962

Legal Domicile

Principal Officer

Steven Barrett

Phone

7086360470

Tax Period

2024-01-01 to 2024-12-31

Oak Lawn Municipal Employees Credit Union, founded in 1962, is a small nonprofit in the Public & Societal Benefit sector that reported $180K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 20% operating margin.

Mission

State chartered credit union to assist members in managing financial well-being

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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 $155,924

Investment Income $19,910

Other Revenue $3,752

TOTAL REVENUE $179,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,091

Fundraising Expenses $0

Other Expenses $78,612

TOTAL EXPENSES $143,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,586	$135,597	+0.3%
Expenses	$143,703	$140,488	+0.0%
Net Income	$35,883	$-4,891	-8.3%

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

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

$9,441

Total Directors

$27,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Chickerillo	Chairman	0.50	Officer Director	$0	$0	$0
Steve Barrett	Vice Chairman	0.50	Officer Director	$0	$0	$0
Phyllis Sonzski	Treasurer	0.75	Officer Director	$0	$0	$0
Judy Jaros	Secretary	1.00	Officer Director	$0	$0	$0
Christine Egan	Director	20.00	Director	$27,985	$0	$27,985
Luke Fagan	Director	1.00	Director	$0	$0	$0
Gene McNulty	Director	0.50	Director	$0	$0	$0
Michelle Niemeyer	Director	1.00	Director	$0	$0	$0
Tippi Price	Director	0.50	Director	$0	$0	$0
Eileen Sabatino	Director	1.00	Director	$0	$0	$0
Thomas Swaw	Director	0.50	Director	$0	$0	$0
Janice Kitching	Manager	8.00	Officer	$8,888	$553	$9,441

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	$179,586	$143,703	$4,338,977	$35,883
2023	$135,597	$140,488	$4,472,495	$-4,891
2022	$112,292	$129,390	$5,114,465	$-17,098
2021	$133,962	$110,402	$5,279,817	$23,560
2020	$138,044	$106,267	$4,845,736	$31,777
2019	$142,451	$112,846	$4,360,159	$29,605
2018	$135,664	$101,255	$4,469,635	$34,409

Oak Lawn Municipal Employees Credit Union