MARATHON COUNTY EMPLOYEES CREDIT U… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

JAMI OLCOTT

Phone

7152617689

Tax Period

2023-01-01 to 2023-12-31

MARATHON COUNTY EMPLOYEES CREDIT UNION, founded in 1965, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $675K, a strong 31% operating margin.

Mission

TO SERVE OUR MEMBERS' CHANGING FINANCIAL NEEDS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 206 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 2,894 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,183 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 2,206 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,840,620

Investment Income $323,295

Other Revenue $4,846

TOTAL REVENUE $2,168,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,290

Fundraising Expenses $0

Other Expenses $854,030

TOTAL EXPENSES $1,493,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,168,761	$1,727,380	+0.3%
Expenses	$1,493,320	$1,341,166	+0.1%
Net Income	$675,441	$386,214	+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

$289,627

Total Directors

$6,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMI OLCOTT	PRESIDENT/CE	60.00	Officer	$215,033	$68,504	$283,537
ROBERT BRUSS	CHAIR	5.00	Officer Director	$3,160	$0	$3,160
JACKIE BETHEL	SECRETARY	1.50	Officer Director	$1,130	$0	$1,130
BO JOHNSON	VICE CHAIR	1.00	Officer Director	$900	$0	$900
AARON RUFF	TREASURER	1.00	Officer Director	$900	$0	$900
ROBERT WILCOX	DIRECTOR	1.00	Director	$900	$0	$900

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	No data	No data	No data	No data
2023	$2,168,761	$1,493,320	$39,185,372	$675,441
2022	$1,727,380	$1,341,166	$40,614,679	$386,214
2021	$1,574,857	$1,330,786	$37,430,788	$244,071
2020	$1,531,304	$1,347,347	$33,701,700	$183,957
2019	$1,573,837	$1,267,784	$28,865,176	$306,053
2018	$1,441,486	$1,186,402	$26,429,379	$255,084

MARATHON COUNTY EMPLOYEES CREDIT UNION