BLOOMINGTON MUNICIPAL CREDIT UNION

EIN: 376040165

BLOOMINGTON, IL

Total Revenue
$1,706,457
Total Expenses
$1,162,231
Total Assets
$37,592,050
Net Assets
$4,792,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
IL
Principal Officer
TODD KEIL
Phone
3098277266
Tax Period
2023-01-01 to 2023-12-31

BLOOMINGTON MUNICIPAL CREDIT UNION, founded in 1953, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $544K, a strong 32% operating margin.

Mission

IT STRIVES TO PROVIDE LOW INTEREST LOANS AND RETURN ALL POSSIBLE PROFITS TO MEMBERS IN THE FORM OF DIVIDENDS. THIS CREDIT UNION EXISTS SOLEY TO SERVE 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 $829,838
Investment Income $876,619
Other Revenue $0
TOTAL REVENUE $1,706,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $344,681
Fundraising Expenses $0
Other Expenses $817,550
TOTAL EXPENSES $1,162,231

Year-over-Year Comparison

2023 2022 Change
Revenue $1,706,457 $978,056 +0.7%
Expenses $1,162,231 $754,058 +0.5%
Net Income $544,226 $223,998 +1.4%
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
12
Independent Members
11
Employees
12
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
1
$109,949
Total Directors
12
$109,949
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD KEIL CEO 40.00
Officer Director
$99,267 $10,682 $109,949
EARLENE NELSON CHAIRPERSON 1.00
Director
$0 $0 $0
ANNE DICKERSON SECRETARY 1.00
Director
$0 $0 $0
BRIAN MOHR DIRECTOR 1.00
Director
$0 $0 $0
BRENT WICK DIRECTOR 1.00
Director
$0 $0 $0
LARRY CARIUS DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL WALLER VICE CHAIR 1.00
Director
$0 $0 $0
CHAD WAMSLEY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN CONNOR DIRECTOR 1.00
Director
$0 $0 $0
SCOTT SPROULS DIRECTOR 1.00
Director
$0 $0 $0
DEBRA SCHULLER DIRECTOR 1.00
Director
$0 $0 $0
DAVID CALHOON 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 $1,706,457 $1,162,231 $37,592,050 $544,226
2022 $978,056 $754,058 $36,866,719 $223,998
2021 $847,377 $790,352 $36,640,860 $57,025
2020 $1,029,271 $920,725 $31,810,936 $108,546
2019 $1,106,383 $803,849 $27,135,893 $302,534
2018 $1,072,184 $748,837 $25,722,065 $323,347
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