NORTHWESTERN MUTUAL CREDIT UNION (EIN 390509565) - 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

1933

Legal Domicile

Principal Officer

JOSEPH BUKOWSKI

Phone

4146653423

Tax Period

2024-01-01 to 2024-12-31

NORTHWESTERN MUTUAL CREDIT UNION, founded in 1933, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.4M left a modest 10% surplus.

Mission

TO PROVIDE COMPETITIVE AND CONVENIENT FINANCIAL PRODUCTS ALONG WITH OUTSTANDING SERVICE TO THE NORTHWESTERN MUTUAL COMMUNITY. TO STRIVE TO OFFER A PRODUCT MIX THAT ALLOWS MEMBERS TO VIEW THE CREDIT UNION AS THEIR PRIMARY FINANCIAL INSTITUTION AND A VALUED EMPLOYEE BENEFIT

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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 $5,275,134

Investment Income $4,081,152

Other Revenue $0

TOTAL REVENUE $9,356,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,535,619

Fundraising Expenses $0

Other Expenses $6,901,872

TOTAL EXPENSES $8,437,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,356,286	$7,340,002	+0.3%
Expenses	$8,437,491	$7,080,463	+0.2%
Net Income	$918,795	$259,539	+2.5%

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

N/A

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

$346,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY STERNBERG	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HO	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFERY KOEBERL	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN STERNBERG	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HOPPER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NIEHAUS	DIRECTOR	1.00	Director	$0	$0	$0
AARON SCHROEDER	CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN UGENT	ASSISTANT SECRETARY	1.00	Director	$0	$0	$0
JAMES DOBRINSKA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BUKOWSKI	PRESIDENT	45.00	Officer	$0	$42,712	$206,456
JASON METALLO	VICE PRESIDENT	45.00	Officer	$0	$23,234	$139,934

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	$9,356,286	$8,437,491	$246,162,442	$918,795
2023	$7,340,002	$7,080,463	$235,468,953	$259,539
2022	$5,385,608	$4,201,985	$244,642,981	$1,183,623
2021	$5,980,230	$3,302,203	$240,285,501	$2,678,027
2020	$5,934,979	$4,209,227	$214,527,409	$1,725,752
2019	$5,186,706	$4,222,044	$173,482,768	$964,662
2018	$4,313,052	$3,312,020	$155,657,825	$1,001,032

NORTHWESTERN MUTUAL CREDIT UNION