SHEBOYGAN AREA CREDIT UNION (EIN 390931439) - 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

1954

Legal Domicile

Principal Officer

ROBERT WALLESER

Phone

9204595151

Tax Period

2024-01-01 to 2024-12-31

SHEBOYGAN AREA CREDIT UNION, founded in 1954, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 34% operating margin.

Mission

OUR MISSION IS TO PROVIDE EFFICIENT, PROGRESSIVE FINANCIAL SERVICES AND PRODUCTS TO OUR OWNER-MEMBERS IN AGREEMENT WITH CREDIT UNION PHILOSOPHY

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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 $3,398,199

Investment Income $1,075,997

Other Revenue $13,626

TOTAL REVENUE $4,487,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,314,613

Fundraising Expenses $0

Other Expenses $1,643,153

TOTAL EXPENSES $2,957,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,487,822	$3,924,294	+0.1%
Expenses	$2,957,766	$2,511,172	+0.2%
Net Income	$1,530,056	$1,413,122	+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

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

$176,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIONE KNOP	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEREMY FETTERER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LORGE	SECRETARY	1.00	Director	$0	$0	$0
ERIC EDSON	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
ANTHONY BLAKE	TREASURER	1.00	Director	$0	$0	$0
ROBERT WALLESSER	PRESIDENT	40.00	Officer	$149,898	$26,374	$176,272

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	$4,487,822	$2,957,766	$81,757,653	$1,530,056
2023	$3,924,294	$2,511,172	$79,348,350	$1,413,122
2022	$2,992,956	$2,264,709	$76,741,874	$728,247
2021	$2,747,095	$2,106,811	$74,313,723	$640,284
2020	$2,726,945	$2,078,094	$66,336,678	$648,851
2019	$2,883,039	$2,178,157	$55,162,933	$704,882
2018	$2,763,590	$2,265,373	$51,448,770	$498,217

SHEBOYGAN AREA CREDIT UNION