APPLETREE CREDIT UNION (EIN 390388215) - Form 990 Financial Analysis & Trantor Score

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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

1935

Legal Domicile

Principal Officer

LISA M GRECO

Phone

4145467800

Tax Period

2024-01-01 to 2024-12-31

APPLETREE CREDIT UNION, founded in 1935, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 21% operating margin.

Mission

A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,010,941

Investment Income $2,235,772

Other Revenue $0

TOTAL REVENUE $5,246,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,368,559

Fundraising Expenses $0

Other Expenses $2,786,588

TOTAL EXPENSES $4,155,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,246,713	$4,215,190	+0.2%
Expenses	$4,155,147	$3,444,618	+0.2%
Net Income	$1,091,566	$770,572	+0.4%

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

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

$503,378

Total Directors

$214,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M GRECO	CEO/PRESIDENT & SECRETARY	40.00	Officer Director	$171,757	$42,481	$214,238
GARY WECKWERTH	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA OWENS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN GREIDANUS	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF CARRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PSUIK	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI HEATHER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LUEDTKE	CONTROLLER	40.00	Officer	$116,904	$19,987	$136,891
ALISON WATSON	EXECUTIVE VICE PRESIDENT	40.00	Officer	$114,338	$37,911	$152,249

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	$5,246,713	$4,155,147	$126,965,590	$1,091,566
2023	$4,215,190	$3,444,618	$125,297,203	$770,572
2022	$3,294,411	$2,497,460	$130,204,657	$796,951
2021	$3,478,509	$2,483,367	$139,938,964	$995,142
2020	$3,837,874	$2,954,598	$139,273,187	$883,276
2019	$4,199,363	$3,224,046	$130,511,199	$975,317
2018	$3,829,420	$2,669,341	$127,157,170	$1,160,079

APPLETREE CREDIT UNION