WESTERN IL SCHOOL EMPLOYEES CU

EIN: 370818194

QUINCY, IL

Total Revenue
$1,029,439
Total Expenses
$923,392
Total Assets
$22,400,429
Net Assets
$3,713,004
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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
1936
Legal Domicile
IL
Principal Officer
KATHY GERECKE
Phone
2172242091
Tax Period
2024-01-01 to 2024-12-31

WESTERN IL SCHOOL EMPLOYEES CU, founded in 1936, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $923K left a modest 10% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $923,369 Revenue: $819,804

PROVIDES FINANCIAL AND FINANCIALLY-RELATED SERVICES TO 1,725 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 1,305 LOANS...

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PROVIDES FINANCIAL AND FINANCIALLY-RELATED SERVICES TO 1,725 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 1,305 LOANS OUTSTANDING TOTALING 17,433,154. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALED 499,743 FOR THE YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $819,804
Investment Income $187,210
Other Revenue $22,425
TOTAL REVENUE $1,029,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,436
Fundraising Expenses $0
Program Expenses $923,369
Other Expenses $687,956
TOTAL EXPENSES $923,392

Year-over-Year Comparison

2024 2023 Change
Revenue $1,029,439 $945,343 +0.1%
Expenses $923,392 $835,011 +0.1%
Net Income $106,047 $110,332 0.0%
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
13
Independent Members
12
Employees
5
Volunteers
12

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
5
$39,824
Total Directors
14
$39,824
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA SPARKS TREASURER 35.00
Officer Director
$34,408 $0 $34,408
THOMAS REYNOLDS TREASURER/PR 35.00
Officer Director
$5,416 $0 $5,416
SHARON AUSMUS CREDIT COMM 0.50
Director
$0 $0 $0
TRACY BUGH CREDIT COMM. 0.50
Director
$0 $0 $0
CHERYL DREASLER SUPERVISORY 0.50
Director
$0 $0 $0
MELISSSA FANTZ MEMBERSHIP C 0.50
Director
$0 $0 $0
NICOLE FINNEY SECRETARY 0.50
Officer Director
$0 $0 $0
BRAD FUNKENBUSCH SUPERVISORY 0.50
Director
$0 $0 $0
KATHY GERECKE CHAIRWOMAN 0.50
Officer Director
$0 $0 $0
NORA KLINGELE CREDIT COMM 0.50
Director
$0 $0 $0
GEORGE MCDONNELL CREDIT COMM 0.50
Director
$0 $0 $0
LINDA SCHREACKE CREDIT COMM 0.50
Director
$0 $0 $0
JENNIFER SCOTT VICE CHAIRWO 0.50
Officer Director
$0 $0 $0
GINA WHELAN EXEC COMM 0.50
Director
$0 $0 $0
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 No data No data No data No data
2024 $1,029,439 $923,392 $22,400,429 $106,047
2023 $945,343 $835,011 $22,810,370 $110,332
2022 $568,011 $463,299 $23,313,524 $104,712
2022 $568,011 $463,299 $23,388,287 $104,712
2021 $572,124 $304,087 $24,776,181 $268,037
2021 $497,361 $304,087 $24,701,418 $193,274
2020 $565,164 $363,930 $22,321,095 $201,234
2019 $682,638 $464,484 $21,401,530 $218,154
2018 $651,249 $402,607 $21,970,913 $248,642
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