FAIRMONT VILLAGE CREDIT UNION

EIN: 370178463

FAIRMONT CITY, IL

Total Revenue
$137,522
Total Expenses
$164,486
Total Assets
$2,183,011
Net Assets
$311,848
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
IL
Principal Officer
Marsha Wilkinson
Phone
6182710521
Tax Period
2020-01-01 to 2020-12-31

FAIRMONT VILLAGE CREDIT UNION, founded in 1937, is a small nonprofit that reported $138K in total revenue in fiscal year 2020. Revenue decreased 18% compared to the prior year. Expenses of $164K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNT AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $128,826
Investment Income $8,696
Other Revenue $0
TOTAL REVENUE $137,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,875
Fundraising Expenses $0
Program Expenses $0
Other Expenses $68,611
TOTAL EXPENSES $164,486

Year-over-Year Comparison

2020 2019 Change
Revenue $137,522 $166,722 -0.2%
Expenses $164,486 $154,349 +0.1%
Net Income $-26,964 $12,373 -3.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
6

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
2
$0
Total Directors
7
$120,900
Key Employees
1
$120,900
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSHA WILKINSON TREASURER/MANAGER 40
Director Key Emp Highest
$40,300 $40,300 $120,900
BRANDON ALLEN CHAIRMAN 2
Officer Director
$0 $0 $0
KAREN MANSO VICE-CHAIRMAN 2
Officer Director
$0 $0 $0
LEONA WILKINSON SECRETARY 2
Director
$0 $0 $0
NICHOLAS ALLEN SUPERVISORY COMMITTEE CHAIRMAN 5
Director
$0 $0 $0
NOE MARQUEZ SUPERVISORY COMMITTEE MEMBER 2
Director
$0 $0 $0
SCOTT PENNY JR SUPERVISORY COMMITTEE MEMBER 2
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
2020 $137,522 $164,486 $2,183,011 $-26,964
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FAIRMONT VILLAGE CREDIT UNION with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.