KEMBA PEORIA CREDIT UNION

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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

1934

Legal Domicile

Principal Officer

JOY SKOLD

Phone

3096936000

Tax Period

2023-01-01 to 2023-12-31

KEMBA PEORIA CREDIT UNION, founded in 1934, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $439K exceeded revenue, resulting in a 111% operating deficit.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL SERVICES IN A FRIENDLY PROFESSIONAL MANNER.

Program Service Accomplishments

Program 1

PROVIDED IN EXCESS OF 810 LOAN ACCOUNTS TO MEMBERS. PROVIDED VISA CARDS, SHARE DRAFTS, AND ATM CARDS TO MEMBERS. RECEIVED DEPOSITS AND ISSUED CD'S TO IN EXCESS OF 2,700 MEMBERS ACCOUNTS.

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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 $0

Program Service Revenue $146,582

Investment Income $39,428

Other Revenue $22,244

TOTAL REVENUE $208,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,389

Fundraising Expenses $0

Other Expenses $387,958

TOTAL EXPENSES $439,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,254	$565,918	-0.6%
Expenses	$439,347	$496,622	-0.1%
Net Income	$-231,093	$69,296	-4.3%

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

$24,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HOWERTON	CHAIRPERSON	1.00	Director	$0	$0	$0
DAVID LINDBERG	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
TERRY BOYER	SUPERVISORY CHAIRMAN	1.00	Director	$0	$0	$0
ARTHUR DUTTON	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN CORDIO	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE CHASE	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
TROY TARTER	DIRECTOR	1.00	Director	$0	$0	$0
RON REMMEL	DIRECTOR	1.00	Director	$0	$0	$0
JOY SKOLD	PRESIDENT/MANAGER	40.00	Officer	$19,988	$4,032	$24,020

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
2023	$208,254	$439,347	No data	$-231,093
2022	$565,918	$496,622	$12,658,764	$69,296
2021	$520,100	$524,502	$12,465,385	$-4,402
2020	$447,112	$492,712	$11,303,156	$-45,600
2019	$517,446	$477,603	$8,844,788	$39,843
2018	$505,723	$460,448	$9,035,319	$45,275