SALEM SCHOOL SYSTEM CREDIT UNION

EIN: 376026357

Salem, IL

Total Revenue
$133,331
Total Expenses
$75,228
Total Assets
$2,173,280
Net Assets
$676,734
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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
1956
Legal Domicile
IL
Principal Officer
Amy Detering
Phone
6182149456
Tax Period
2025-01-01 to 2025-12-31

SALEM SCHOOL SYSTEM CREDIT UNION, founded in 1956, is a micro nonprofit that reported $84K in total revenue in fiscal year 2019. The organization ran a surplus of $28K, a strong 34% operating margin.

Mission

To assist our members in the management of their financial well being by providing loan, savings accounts, and other financial institution services in a friendly and professional manner.

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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 $50
Program Service Revenue $119,088
Investment Income $14,193
Other Revenue $0
TOTAL REVENUE $133,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,702
Fundraising Expenses $0
Program Expenses $0
Other Expenses $23,526
TOTAL EXPENSES $75,228

Year-over-Year Comparison

2025 2024 Change
Revenue $133,331 $123,953 +0.1%
Expenses $75,228 $71,653 +0.0%
Net Income $58,103 $52,300 +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

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Governance

Voting Members
11
Independent Members
N/A
Employees
2
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
3
$2,880
Total Directors
11
$47,856
Key Employees
1
$44,976
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amy Detering Treasurer 35
Director Key Emp Highest
$44,976 $0 $44,976
Milrea Howe Board Secretary 0.5
Officer Director
$2,880 $0 $2,880
Sherry Hargis Board Vice Chairman 0.10
Officer Director
$0 $0 $0
Melissa Hogan Board Chairman 0.10
Officer Director
$0 $0 $0
Connie Graham Board Member 0.10
Director
$0 $0 $0
Kevin Braddy Board member 0.10
Director
$0 $0 $0
Robin Brooks Board Member 0.10
Director
$0 $0 $0
Tracie Steward Board Member 0.10
Director
$0 $0 $0
Matthew Donoho Board Member 0.10
Director
$0 $0 $0
Rhonda Greene Board Member 0.10
Director
$0 $0 $0
Kerry Herdes Board Member 0.10
Director
$0 $0 $0
Chad Bryan Board Member 0
$0 $0 $0
Samuel Alli Board Member 0
$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 $133,331 $75,228 $2,173,280 $58,103
2024 $123,953 $71,653 $2,088,431 $52,300
2023 $108,160 $63,021 $2,036,312 $45,139
2022 $81,996 $62,133 $2,201,593 $19,863
2021 $83,303 $59,745 $2,284,147 $23,558
2020 $87,325 $58,398 $1,904,748 $28,927
2019 $84,409 $55,919 $1,882,217 $28,490
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