UTILITIES CREDIT UNION

EIN: 391017036

Eau Claire, WI

Total Revenue
$100,000
Total Expenses
$553,653
Total Assets
N/A
Net Assets
N/A
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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
1932
Legal Domicile
WI
Principal Officer
Heidi K Schultz
Phone
7158558822
Tax Period
2021-01-01 to 2021-09-30

UTILITIES CREDIT UNION, founded in 1932, is a small nonprofit that reported $100K in total revenue in fiscal year 2021. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $554K exceeded revenue, resulting in a 454% operating deficit.

Mission

Provide competitive share dividends and competitive loan rates to members through secured loans, unsecured loans, and home equity lines of credit.

Program Service Accomplishments

Program 1
Expenses: $553,653 Revenue: $44,569

Provide secured loans to members. Approved 29 loans during 2021. 154 loans with a balance of $1,562,300 as of September 30, 2021.

Program 2
Revenue: $25,951

Provide home equity lines of credit loans to members. During 2021, 30 advances on lines of credit. 47 loans with a balance of $975,508 as of September 30, 2021.

Program 3
Revenue: $10,837

Provide unsecured loans to members. Approved 113 advances to members with unsecured lines of credit in 2021. 146 loans with a balance of $181,255 as of September 30, 2021.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $82,731
Investment Income $17,269
Other Revenue $0
TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,435
Fundraising Expenses $0
Program Expenses $553,653
Other Expenses $479,218
TOTAL EXPENSES $553,653

Year-over-Year Comparison

2021 2020 Change
Revenue $100,000 $191,559 -0.5%
Expenses $553,653 $189,797 +1.9%
Net Income $-453,653 $1,762 -258.5%
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

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Governance

Voting Members
11
Independent Members
10
Employees
3
Volunteers
20

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
4
$48,549
Total Directors
11
$48,549
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heidi Schultz President - Treasurer 42
Officer Director
$48,549 $0 $48,549
Rebecca McIlhargey Secretary 2
Officer Director
$0 $0 $0
John Ness Chairman 2
Officer Director
$0 $0 $0
Thomas Bachmeier Vice Chairman 1
Officer Director
$0 $0 $0
Lori Drilling Director 1
Director
$0 $0 $0
Scott Seaholm Director 1
Director
$0 $0 $0
Paul Seipel Director 1
Director
$0 $0 $0
Kelsey Rydzik Director 1
Director
$0 $0 $0
Kallie Robb Director 1
Director
$0 $0 $0
Karl Hoesly Director 1
Director
$0 $0 $0
Jason Doerr III 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
2021 $100,000 $553,653 No data $-453,653
2020 $191,559 $189,797 $6,911,746 $1,762
2019 $239,978 $225,287 $6,898,442 $14,691
2018 $226,713 $219,677 $6,594,770 $7,036
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