LAND OF LINCOLN CREDIT UNION

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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

1947

Legal Domicile

Principal Officer

ROBERT ARES

Phone

2178643030

Tax Period

2024-01-01 to 2024-12-31

LAND OF LINCOLN CREDIT UNION, founded in 1947, is a mid-sized nonprofit that reported $33.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $30.8M left a modest 9% surplus.

Mission

TO PROVIDE EDUCATION AND SERVICES TO OUR MEMBERS SO THEY CAN ACHIEVE FINANCIAL SUCCESS.

Program Service Accomplishments

Program 1

PROVIDED 6,412 CONSUMER LOANS TO MEMBERS.

Program 2

PROVIDED MORTGAGE LOANS TO 244 MEMBERS.

Program 3

PROVIDED SAVINGS VEHICLES AND OTHER FINANCIAL SERVICES TO 35,023 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 (2024)

Revenue Breakdown

Contributions & Grants $1,054,976

Program Service Revenue $29,711,821

Investment Income $2,819,693

Other Revenue $65,176

TOTAL REVENUE $33,651,666

Expense Breakdown

Grants Paid $202,680

Salaries & Benefits $10,792,397

Fundraising Expenses $0

Other Expenses $13,849,555

TOTAL EXPENSES $30,750,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,651,666	$27,328,640	+0.2%
Expenses	$30,750,274	$24,605,186	+0.2%
Net Income	$2,901,392	$2,723,454	+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

237

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

$791,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID VENTER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHARLES PHILLIPS	SECRETARY-TREASURER	0.50	Officer Director	$0	$0	$0
KYLE RISBY	TREASURER (THRU FEB)	0.50	Officer Director	$0	$0	$0
ROBERT ALLEN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK CRAWFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
TONI CURRIE	BOARD MEMBER (THRU FEB)	0.50	Director	$0	$0	$0
CARIE CYCHOL	BOARD MEMBER	0.50	Director	$0	$0	$0
TARA MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
NICOLE PINKSTON	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE RIDDER	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT ARES	PRESIDENT/CEO	45.00	Officer	$349,147	$34,134	$383,281
BEVERLY DAVIS	COO	45.00	Officer	$222,954	$16,960	$239,914
CHRIS SMITH	CFO	45.00	Officer	$146,538	$21,964	$168,502
BEN AUSTIN	CIO	45.00	Highest	$177,285	$25,799	$203,084
HOWARD MARTIN	SVP COMMERICAL LENDING	45.00	Highest	$167,639	$11,092	$178,731
BRANDI BINKLEY	CHIEF HUMAN RESOURCES OFFI	45.00	Highest	$159,016	$18,298	$177,314
BLAKE REYNOLDS	VP OF OPERATONS	45.00	Highest	$147,251	$18,645	$165,896
CAYLA HITTMEIER	CMO	45.00	Highest	$143,008	$16,434	$159,442

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	$33,651,666	$30,750,274	$469,570,900	$2,901,392
2023	$27,328,640	$24,605,186	$450,797,421	$2,723,454
2022	$22,450,497	$19,168,310	$380,839,730	$3,282,187
2021	$20,389,555	$16,942,682	$357,439,691	$3,446,873
2020	$18,023,217	$15,378,232	$307,056,319	$2,644,985
2019	$17,588,058	$14,878,517	$259,368,467	$2,709,541
2018	$16,377,706	$14,230,105	$236,848,894	$2,147,601