SIU CREDIT UNION (EIN 370722141) - 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

1938

Legal Domicile

Principal Officer

MIKE LANTRIP

Phone

6184573595

Tax Period

2023-01-01 to 2023-12-31

SIU CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.1M, a strong 16% operating margin.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

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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 $81,889

Program Service Revenue $22,227,058

Investment Income $3,126,298

Other Revenue $302,481

TOTAL REVENUE $25,737,726

Expense Breakdown

Grants Paid $146,260

Salaries & Benefits $7,489,934

Fundraising Expenses $0

Other Expenses $14,048,294

TOTAL EXPENSES $21,684,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,737,726	$21,565,820	+0.2%
Expenses	$21,684,488	$17,137,832	+0.3%
Net Income	$4,053,238	$4,427,988	-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

151

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

$1,111,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS SIEVERS	CHAIRMAN	2.00	Director	$0	$0	$0
DEBORAH NELSON	VICE CHAIRMAN	2.00	Director	$0	$0	$0
JEFF MCGOY	SECRETARY	2.00	Director	$0	$0	$0
JP DUNN	TREASURER	2.00	Director	$0	$0	$0
BILL CAPIE	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA EASTON	DIRECTOR	2.00	Director	$0	$0	$0
ROD SIEVERS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LANTRIP	PRESIDENT/CEO	40.00	Officer	$274,114	$45,614	$319,728
SANDY TAYLOR	VP FINANCE/CFO	40.00	Officer	$101,801	$25,585	$127,386
STACY CALLAHAN	VP LENDING	40.00	Officer	$102,560	$24,208	$126,768
BRIAN MAURIZIO	VP INFORMATION TECHNOLOGY	40.00	Officer	$109,990	$24,100	$134,090
MARK DYNIS	VP MARKETING	40.00	Officer	$80,743	$24,191	$104,934
ERICA PANKEY	VP OPERATIONS & COMPLIANCE	40.00	Officer	$91,226	$21,886	$113,112
PATRICIA ROBBINS	VP HUMAN RESOURCES	40.00	Officer	$83,951	$25,562	$109,513
KIMBERLY BABINGTON	VP COMMUNITY DEVELOPMENT	25.00	Officer	$60,527	$15,698	$76,225

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	$25,737,726	$21,684,488	$477,217,950	$4,053,238
2022	$21,565,820	$17,137,832	$474,793,886	$4,427,988
2021	$21,039,502	$15,352,109	$454,722,021	$5,687,393
2020	$19,509,001	$15,829,148	$404,439,735	$3,679,853
2019	$19,309,781	$15,921,501	$334,939,462	$3,388,280
2018	$18,155,208	$16,258,533	$327,435,810	$1,896,675

SIU CREDIT UNION