WESTERN ILLINOIS CREDIT UNION (EIN 370817658) - 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

1959

Legal Domicile

Principal Officer

SCOTT MCDONALD

Tax Period

2022-01-01 to 2022-09-30

WESTERN ILLINOIS CREDIT UNION, founded in 1959, is a small nonprofit that reported $724K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $914K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE WITH THE COMMITMENT TO EXCEL AT PROVIDING THE BEST PERSONAL FINANCIAL SERVICES WHILE MAXIMIZING ITS LONG-TERM STABILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $511,229

Investment Income $186,093

Other Revenue $26,368

TOTAL REVENUE $723,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $425,846

Fundraising Expenses $0

Other Expenses $487,802

TOTAL EXPENSES $913,648

Year-over-Year Comparison

	2022	2021	Change
Revenue	$723,690	$936,851	-0.2%
Expenses	$913,648	$927,847	0.0%
Net Income	$-189,958	$9,004	-22.1%

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

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

$183,182

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY WATERS	BOARD TREASURER/ACTING PRESIDENT	1.00	Director	$0	$0	$0
JESSICA BUTCHER	BOARD CHAIR PERSON	1.00	Director	$0	$0	$0
CATHY EARLY	BOARD VICE CHAIR PERSON	1.00	Director	$0	$0	$0
TAMARA KLINEDINST	BOARD SECRETARY	1.00	Director	$0	$0	$0
LANA MARKHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE DEWEES	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL SUTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK PETITGOUT	BOARD MEMBER	1.00	Director	$0	$0	$0
STERLING SADDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN WILT	BOARD MEMBER	1.00	Director	$0	$0	$0
CORIE DANIELS	VP OF ACCOUNTING	40.00	Officer	$52,350	$1,777	$54,127
CHRISTY FOSTER	VP OF LENDING	40.00	Officer	$67,350	$11,299	$78,649
BRANDY WORLEY	AVP LENDING AND OPERATIONS	40.00	Officer	$44,308	$6,098	$50,406

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
2022	$723,690	$913,648	No data	$-189,958
2021	$936,851	$927,847	$35,247,688	$9,004
2020	$988,113	$923,433	$34,100,324	$64,680
2019	$1,100,614	$927,323	$28,536,771	$173,291
2018	$1,060,128	$823,740	$26,279,652	$236,388

WESTERN ILLINOIS CREDIT UNION