NEKOOSA CREDIT UNION (EIN 390763330) - 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

KELLY HLADOVCAK

Phone

7156935776

Tax Period

2024-01-01 to 2024-12-31

NEKOOSA CREDIT UNION, founded in 1935, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum.

Mission

FINANCIAL SERVICES COOPERATIVE

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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 $460,618

Investment Income $868,300

Other Revenue $0

TOTAL REVENUE $1,328,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $570,343

Fundraising Expenses $0

Other Expenses $783,105

TOTAL EXPENSES $1,353,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,328,918	$686,269	+0.9%
Expenses	$1,353,448	$511,964	+1.6%
Net Income	$-24,530	$174,305	-1.1%

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

Volunteers

N/A

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

$171,431

Total Directors

$171,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DIERCKS	PRESIDENT/TREASURER	40.00	Officer Director	$152,630	$11,324	$163,954
STEVE BREDL	CHAIR	4.00	Officer Director	$3,119	$0	$3,119
GERALD CORDES	DIRECTOR	1.00	Director	$1,863	$0	$1,863
GEORGE CARLSON JR	DIRECTOR	1.00	Director	$888	$0	$888
JOSHUA MANCL	VICE CHAIR	1.00	Officer Director	$1,775	$0	$1,775
COURTNEY RODRIGUEZ	SECRETARY	1.00	Officer	$2,583	$0	$2,583
KELLY HLADOVCAK	PRESIDENT	20.00	Officer	$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	$1,328,918	$1,353,448	No data	$-24,530
2023	$1,254,521	$729,035	$27,803,484	$525,486
2022	$686,269	$511,964	$28,962,515	$174,305
2021	$381,036	$469,309	$26,749,064	$-88,273
2020	$537,705	$2,797,529	$23,526,670	$-2,259,824
2019	$729,906	$563,854	$22,482,853	$166,052
2018	$688,177	$554,787	$22,623,824	$133,390

NEKOOSA CREDIT UNION