UTILITIES CREDIT UNION (EIN 391017036) - 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

1932

Legal Domicile

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 dividends on share savings accounts and competitive loan rates to members through secured and unsecured loans and home equity lines of credit.

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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 (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

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

$48,549

Total Directors

$48,549

Key Employees

Highest Compensated

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

UTILITIES CREDIT UNION