MADISON CREDIT UNION (EIN 390881791) - 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

1936

Legal Domicile

Phone

6082664750

Tax Period

2024-01-01 to 2024-12-31

MADISON CREDIT UNION, founded in 1936, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $588K, a strong 25% operating margin.

Mission

Madison Credit Union is a cooperative non profit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

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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 $1,747,842

Investment Income $647,906

Other Revenue $0

TOTAL REVENUE $2,395,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $703,291

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,104,678

TOTAL EXPENSES $1,807,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,395,748	$1,961,947	+0.2%
Expenses	$1,807,969	$1,471,809	+0.2%
Net Income	$587,779	$490,138	+0.2%

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

$141,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ilene Fritschler	CEO/President	45	Officer	$99,251	$41,787	$141,038
Robin Piper	Board of Director-Chair Person	1	Director	$0	$0	$0
Thomas Sakash	Board of Director-Secretary	1	Director	$0	$0	$0
Larry Schultz	Board of Director-Treasurer	1	Director	$0	$0	$0
Jo Ann Terasa	Board of Director Vice Chair Person	1	Director	$0	$0	$0
Julie Baker	Board of Directors - Director	1	Director	$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
2025	No data	No data	No data	No data
2024	$2,395,748	$1,807,969	$58,691,379	$587,779
2023	$1,961,947	$1,471,809	$58,752,597	$490,138
2022	$1,488,861	$1,373,944	$60,835,665	$114,917
2021	$1,343,089	$1,244,200	$57,705,624	$98,889
2020	$1,488,282	$1,223,158	$51,545,344	$265,124
2019	$1,687,995	$1,305,531	$44,345,661	$382,464
2018	$1,609,466	$1,310,145	$42,975,233	$299,321

MADISON CREDIT UNION