BADGER GLOBE 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

1947

Legal Domicile

Principal Officer

ANNITA HUTTER

Phone

9207222122

Tax Period

2024-01-01 to 2024-12-31

BADGER GLOBE CREDIT UNION, founded in 1947, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $7.2M represent 33 months of operating reserves.

Mission

TO EXCEED OUR MEMBERS' EXPECTATIONS THROUGH EXCEPTIONAL SERVICE.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE ADDED 542 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,573 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,019 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 1,776 LOANS RECEIVABLE.

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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 $10,100

Program Service Revenue $1,952,657

Investment Income $621,563

Other Revenue $2,746

TOTAL REVENUE $2,587,066

Expense Breakdown

Grants Paid $3,015

Salaries & Benefits $943,911

Fundraising Expenses $0

Other Expenses $1,591,202

TOTAL EXPENSES $2,538,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,587,066	$2,232,111	+0.2%
Expenses	$2,538,128	$2,202,899	+0.2%
Net Income	$48,938	$29,212	+0.7%

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

$458,177

Total Directors

$2,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNITA HUTTER	PRESIDENT /	40.00	Officer	$116,233	$8,807	$125,040
MICHAEL MALLOW	EXEC VP	40.00	Officer	$91,700	$23,996	$115,696
JOSHUA LEE	VP OPERATION	40.00	Officer	$94,068	$8,843	$102,911
MICHAEL MEHLBERG	VP LENDING	40.00	Officer	$41,832	$16,469	$58,301
MICHAEL SHADDUCK	VP LENDING	40.00	Officer	$44,036	$10,648	$54,684
KARA KRAUSE	DIRECTOR	0.50	Director	$460	$0	$460
LAURA ZAHRINGER	CHAIR	0.50	Officer Director	$420	$0	$420
CYNTHIA PHILLIPS	SECRETARY	0.50	Officer Director	$385	$0	$385
DAVID EVANS	VICE CHAIR	0.50	Officer Director	$380	$0	$380
STEVEN KOFNETKA	DIRECTOR	0.50	Director	$360	$0	$360
CARLA WATSON	TREASURER	0.50	Officer Director	$360	$0	$360
GERARDO MARTINEZ	DIRECTOR	0.50	Director	$210	$0	$210
HEIDI MOORE	DIRECTOR	0.50	Director	$150	$0	$150

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
2025	No data	No data	No data	No data
2024	$2,587,066	$2,538,128	$51,087,461	$48,938
2023	$2,232,111	$2,202,899	$51,840,108	$29,212
2022	$1,886,033	$1,709,321	$54,986,298	$176,712
2021	$1,838,591	$1,526,730	$55,930,644	$311,861
2020	$1,945,348	$1,718,509	$51,264,238	$226,839
2019	$1,944,190	$1,702,503	$45,705,248	$241,687
2018	$1,913,770	$1,658,854	$43,182,785	$254,916