UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION (EIN 370560167) - 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

1932

Legal Domicile

Principal Officer

CHRIS HARLAN

Phone

2172787700

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION, founded in 1932, is a mid-sized nonprofit that reported $44.3M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $41.3M left a modest 7% surplus.

Mission

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

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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 $0

Program Service Revenue $31,769,959

Investment Income $5,839,544

Other Revenue $6,674,660

TOTAL REVENUE $44,284,163

Expense Breakdown

Grants Paid $306,700

Salaries & Benefits $14,738,038

Fundraising Expenses $0

Other Expenses $22,917,826

TOTAL EXPENSES $41,308,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,284,163	$29,419,590	+0.5%
Expenses	$41,308,988	$26,626,839	+0.6%
Net Income	$2,975,175	$2,792,751	+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

210

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

$2,451,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNI MCCLELLAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AARON CARTER	BOARD VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JANE SOLON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS RANDLES	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
NAPOLEON KNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
M CHRIS HANSEN	BOARD MEMBER (PART-YEAR)	1.00	Director	$0	$0	$0
SHARON ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH CRANE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE SAMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP ROWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS HARLAN	PRESIDENT/CEO	40.00	Officer	$401,656	$44,623	$446,279
JENNIFER PEYTON	EVP/CFO	40.00	Officer	$246,944	$32,186	$279,130
KIM CHEEK	SVP/CHIEF ADMIN OFFICER	40.00	Officer	$230,474	$30,607	$261,081
GREG ANDERSON	SVP/CHIEF RELATIONSHIP OFF	40.00	Officer	$207,889	$23,322	$231,211
TRAVIS VERMILLION	SVP/CRO	40.00	Officer	$188,836	$30,722	$219,558
STACEY RUSSELL	SVP/CHIEF LENDING OFFICER	40.00	Officer	$196,752	$22,174	$218,926
SUSAN TOALSON	SVP/BUSINESS DEVELOPMENT	40.00	Officer	$187,847	$27,245	$215,092
ZACH GRITTON	SVP OF INFORMATION TECHNOLO	40.00	Officer	$173,603	$26,101	$199,704
KATE ROGERS	SVP OF DIGITAL SERVICES & P	40.00	Officer	$169,444	$29,208	$198,652
LISA PAUL	SVP OF MEMBER EXPERIENCE	40.00	Officer	$161,710	$19,785	$181,495
JENNA HOWE	AVP LENDING	40.00	Highest	$142,267	$17,494	$159,761
PHILIP DYKSTRA	MORTGAGE LOAN OFFICER	40.00	Highest	$123,865	$19,345	$143,210
KEON CONERLY	AVP BUSINESS INTELLIGENCE	40.00	Highest	$112,126	$20,108	$132,234
VICKI BUFFO	AVP MEMBER EXPERIENCE	40.00	Highest	$111,665	$19,820	$131,485
KELLY BUSCH	AVP TALENT DEVELOPMENT	40.00	Highest	$114,039	$16,034	$130,073
BARBARA MICHAEL	FORMER OFFICER - MERGER CONTRACT	0.00		$171,178	$16,654	$187,832
BARBARA MORRIS	FORMER OFFICER - MERGER CONTRACT	0.00		$131,544	$14,573	$146,117
BRENDA RIDDLE	FORMER OFFICER - MERGER CONTRACT	0.00		$102,438	$12,960	$115,398

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	$44,284,163	$41,308,988	$649,802,588	$2,975,175
2022	$29,419,590	$26,626,839	$590,567,781	$2,792,751
2021	$22,792,231	$19,008,969	$475,743,912	$3,783,262
2020	$23,696,288	$21,540,639	$431,330,426	$2,155,649
2019	$24,967,436	$22,688,229	$372,591,758	$2,279,207
2018	$24,000,782	$22,503,367	$346,081,451	$1,497,415

UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION