KOHLER 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

1938

Legal Domicile

Principal Officer

TONY KLOCKOW

Phone

8885282595

Tax Period

2023-01-01 to 2023-12-31

KOHLER CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $27.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $24.0M left a modest 11% surplus.

Mission

TO ENCOURAGE THRIFT AMONG MEMBERS; TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST; TO PROVIDE AN OPPORTUNITY FOR EACH MEMBER TO IMPROVE THEIR RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS; AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER APPLICABLE LAW.

Program Service Accomplishments

Program 1

MORE THAN $143 MILLION IN NEW LOANS WERE ORIGINATED AND OVER $482 MILLION IN LOAN BALANCES WERE SERVICED FOR MEMBER/OWNERS.

Program 2

MORE THAN $532 MILLION IN DEPOSIT ACCOUNTS WERE MAINTAINED AND OVER $2.7 MILLION IN DIVIDENDS WERE PAID ON DEPOSIT ACCOUNTS TO MORE THAN 43,600 MEMBER/OWNERS IN 2023.

Program 3

DATA PROCESSING COSTS EXCEEDING $1.8 MILLION WERE INCURRED TO RECORD MEMBER ACCOUNT ACTIVITY AND PROVIDE MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT...

DATA PROCESSING COSTS EXCEEDING $1.8 MILLION WERE INCURRED TO RECORD MEMBER ACCOUNT ACTIVITY AND PROVIDE MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION.

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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 $25,902,104

Investment Income $1,127,998

Other Revenue $0

TOTAL REVENUE $27,030,102

Expense Breakdown

Grants Paid $38,500

Salaries & Benefits $10,839,055

Fundraising Expenses $0

Other Expenses $10,430,354

TOTAL EXPENSES $24,023,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,030,102	$22,715,156	+0.2%
Expenses	$24,023,741	$19,872,492	+0.2%
Net Income	$3,006,361	$2,842,664	+0.1%

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

Governance

Voting Members

Independent Members

Employees

208

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

$1,260,967

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS LACEY	CHAIRMAN	2.50	Officer Director	$0	$0	$0
TODD ULLMAN	VICE CHAIRMAN	2.50	Officer Director	$0	$0	$0
JOSEPH VIRANT	SECRETARY	2.50	Officer Director	$0	$0	$0
DAN GRUENLOH	TREASURER	2.50	Officer Director	$0	$0	$0
BRIAN POST	DIRECTOR	2.50	Director	$0	$0	$0
LAURIE LINDOW	DIRECTOR	2.50	Director	$0	$0	$0
STEVEN GERNER	DIRECTOR	2.50	Director	$0	$0	$0
KIM DESOMBRE-LONG	DIRECTOR	2.50	Director	$0	$0	$0
JESSICA ENTRINGER-LEIKIP	SECRETARY	2.50	Director	$0	$0	$0
TONY KLOCKOW	PRESIDENT	50.00	Officer	$592,339	$20,815	$613,154
AMY GRINNA	EVP	50.00	Officer	$293,568	$7,685	$301,253
GREG DANIELS	CFO	50.00	Officer	$186,979	$4,423	$191,402
JOSEPH MILLER	CHIEF LENDING OFFICER	50.00	Officer	$144,989	$10,169	$155,158
DENISS MAKENJENKO	CHIEF RETAIL OFFICER	50.00	Highest	$221,893	$5,315	$227,208
MATT FEHRMANN	CHIEF INFORMATION OFFICER	50.00	Highest	$181,377	$14,471	$195,848
MELISSA DOEBERT	CHIEF PEOPLE OFFICER	50.00	Highest	$165,759	$18,314	$184,073
LAURA GABRIELSE	SVP MEMBER EXPERIENCE	50.00	Highest	$134,830	$24,522	$159,352
DANIEL HANSON	COMMERCIAL LENDING	40.00	Highest	$135,983	$1,670	$137,653
DALE LIVINGSTON	FORMER CHIEF LENDING OFFICER	40.00		$133,333	$0	$133,333

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	$27,030,102	$24,023,741	$617,133,500	$3,006,361
2022	$22,715,156	$19,872,492	$576,276,707	$2,842,664
2021	$21,942,973	$18,737,890	$570,390,813	$3,205,083
2020	$21,578,179	$19,112,431	$525,069,105	$2,465,748
2019	$21,716,870	$18,760,066	$429,077,315	$2,956,804
2018	$19,502,064	$16,270,911	$410,820,638	$3,231,153