Peoria Fire Fighters Credit Union

EIN: 376033555

Peoria, IL

Total Revenue
$175,948
Total Expenses
$136,864
Total Assets
$4,611,330
Net Assets
$1,158,618
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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
1952
Legal Domicile
IL
Principal Officer
Philip Snowden
Phone
3094948795
Tax Period
2023-01-01 to 2023-12-31

Peoria Fire Fighters Credit Union, founded in 1952, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 22% operating margin.

Mission

To provide financial services to its members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $173,684
Other Revenue $2,264
TOTAL REVENUE $175,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,274
Fundraising Expenses $0
Other Expenses $86,590
TOTAL EXPENSES $136,864

Year-over-Year Comparison

2023 2022 Change
Revenue $175,948 $142,237 +0.2%
Expenses $136,864 $132,782 +0.0%
Net Income $39,084 $9,455 +3.1%
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
11
Employees
5
Volunteers
N/A

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
4
$36,150
Total Directors
11
$46,280
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark W Ihnken Chairperson 18.00
Officer Director
$0 $0 $0
Kyle Cheatham Vice-Chairperson 1.00
Officer Director
$4,050 $0 $4,050
Philip Snowden Treasurer 1.00
Officer Director
$18,200 $0 $18,200
Cornell Brooks Secretary 1.00
Officer Director
$13,900 $0 $13,900
Lori Baxter Director 1.00
Director
$3,200 $0 $3,200
Ryan Brady Director 1.00
Director
$0 $0 $0
Ben Gareau Director 1.00
Director
$0 $0 $0
Tobias Roderick Director 1.00
Director
$0 $0 $0
Matt Smith Director 1.00
Director
$6,930 $0 $6,930
Rachel Holmberg Director 1.00
Director
$0 $0 $0
Carlos Valencia Director 1.00
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
2024 No data No data No data No data
2023 $175,948 $136,864 $4,611,330 $39,084
2022 $142,237 $132,782 $4,991,272 $9,455
2021 $157,164 $122,286 $5,134,375 $34,878
2020 $168,356 $119,135 $4,730,939 $49,221
2019 $184,014 $134,382 $4,480,986 $49,632
2018 $172,275 $130,984 $4,774,191 $41,291
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