ILLINOIS EDUCATORS CREDIT UNION

EIN: 370771458

SPRINGFIELD, IL

Total Revenue
$7,332,940
Total Expenses
$6,555,567
Total Assets
$120,028,071
Net Assets
$12,595,944
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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
IL
Principal Officer
Jody Dabrowski
Phone
2175282642
Tax Period
2025-01-01 to 2025-12-31

ILLINOIS EDUCATORS CREDIT UNION, founded in 1938, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2018. The organization ran a surplus of $641K, a strong 18% operating margin.

Mission

The Illinois Educators Credit Union operates to assist its members by providing loans deposit accounts and other financial services for the benefit of the entire membership.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $34,407
Program Service Revenue $6,433,150
Investment Income $749,478
Other Revenue $115,905
TOTAL REVENUE $7,332,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,754,318
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,801,249
TOTAL EXPENSES $6,555,567

Year-over-Year Comparison

2025 2024 Change
Revenue $7,332,940 $6,471,024 +0.1%
Expenses $6,555,567 $5,796,688 +0.1%
Net Income $777,373 $674,336 +0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
39
Volunteers
11

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
6
$320,851
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jody Dabrowski CEO 50.00
Officer Highest
$268,771 $9,954 $278,725
Gaspare Gallina Former Executive VP 40.00
Officer Highest
$39,211 $2,915 $42,126
Tiffany Williams Director 1.00
Officer Director
$0 $0 $0
John Meyer Board Chair 1.00
Officer Director
$0 $0 $0
Rich Eggleston Director 1.00
Officer Director
$0 $0 $0
James Korte Vice Chair 1.00
Officer Director
$0 $0 $0
Sandi Davin Director 1.00
Director
$0 $0 $0
Laura Jordan Secretary 1.00
Director
$0 $0 $0
Cinda Klickna Treasurer 1.00
Director
$0 $0 $0
Rob Meagher Director 1.00
Director
$0 $0 $0
Greg Stock Director 1.00
Director
$0 $0 $0
Jeff Vose Director 1.00
Director
$0 $0 $0
Richard Bowen Director 1.00
Director
$0 $0 $0
Dane Holmes VP of Finance 50.00
Highest
$145,128 $11,924 $157,052
Allison Hetzler VP of Operations 50.00
Highest
$110,286 $4,121 $114,407
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
2025 $7,332,940 $6,555,567 $120,028,071 $777,373
2024 No data No data No data No data
2023 $5,723,602 $4,901,421 $102,087,604 $822,181
2022 $5,097,247 $3,516,595 $100,277,471 $1,580,652
2021 $3,585,286 $2,904,610 $80,007,252 $680,676
2020 $3,496,202 $3,023,152 $70,012,794 $473,050
2019 $3,859,148 $3,321,669 $65,310,945 $537,479
2018 $3,639,970 $2,999,469 $58,283,995 $640,501
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