EFFINGHAM HIGHWAY 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

1952

Legal Domicile

Principal Officer

RONNI TURNER

Phone

2173428209

Tax Period

2023-01-01 to 2023-12-31

EFFINGHAM HIGHWAY CREDIT UNION, founded in 1952, is a small nonprofit that reported $276K in total revenue in fiscal year 2023. The organization ran a surplus of $80K, a strong 29% operating margin.

Mission

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

Program Service Accomplishments

Program 1

PROVIDED CONSUMER LENDING AND RECEIVED DEPOSITS FROM THE CREDIT UNION MEMBERSHIP. THE CREDIT UNION SERVICES APPROXIMATELY 1,215 MEMBER SHARE TYPE ACCOUNTS AND APPROXIMATELY 365 LOAN 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 $263,324

Investment Income $12,076

Other Revenue $147

TOTAL REVENUE $275,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,775

Fundraising Expenses $0

Other Expenses $104,467

TOTAL EXPENSES $195,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,547	$281,900	0.0%
Expenses	$195,242	$159,112	+0.2%
Net Income	$80,305	$122,788	-0.3%

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

$66,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY DASENBROCK	DIRECTOR	1.00	Director	$0	$0	$0
CINDY SMITH	SECRETARY/TREASURER	5.00	Director	$0	$0	$0
DELBERT CROUSE	CHAIRMAN	1.00	Director	$0	$0	$0
TIM HEMMEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HEMRICH	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
MARNIE WEBB	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MARXMAN	DIRECTOR	1.00	Director	$0	$0	$0
TERRY STEPHENSON	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
RONNI TURNER	PRESIDENT/MANAGER	37.50	Officer	$52,644	$13,603	$66,247

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	No data	No data	No data	No data
2023	$275,547	$195,242	$5,699,944	$80,305
2022	$281,900	$159,112	$6,276,671	$122,788
2021	$213,514	$146,018	$6,236,713	$67,496
2020	$213,990	$142,328	$5,665,568	$71,662