DANE COUNTY CREDIT UNION

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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

1935

Legal Domicile

Principal Officer

SHAY SANTOS

Phone

6082871803

Tax Period

2022-01-01 to 2022-02-28

DANE COUNTY CREDIT UNION, founded in 1935, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 15% surplus.

Mission

BUILDING LIFETIME RELATIONSHIPS WITH PERSONALIZED FINANCIAL SOLUTIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 248 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 02/28/22 WE HAD 15,074 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 219 NEW LOANS DURING 2022. AS OF 02/28/22 WE HAD 7,585 OUTSTANDING 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,120,480

Investment Income $140,427

Other Revenue $5,861

TOTAL REVENUE $1,266,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $695,755

Fundraising Expenses $0

Other Expenses $382,844

TOTAL EXPENSES $1,078,599

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,266,768	$8,743,870	-0.9%
Expenses	$1,078,599	$6,467,914	-0.8%
Net Income	$188,169	$2,275,956	-0.9%

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

$128,772

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAY SANTOS	CEO	40.00	Officer	$32,024	$7,175	$39,199
BONNIE ROSENMEIER	VP MARKETING	40.00	Officer	$26,042	$5,161	$31,203
SCOTT STEWART	VP LENDING	40.00	Officer	$22,371	$7,889	$30,260
BRENT DAVIES	IT DIRECTOR	40.00	Officer	$21,848	$6,262	$28,110
JEFF HEIL	CHAIR	2.50	Officer Director	$0	$0	$0
THEOLA CARTER	VICE CHAIR	2.50	Officer Director	$0	$0	$0
JOHN MCLELLAN	TREASURER	2.50	Officer Director	$0	$0	$0
CODY DAVIES	SECRETARY	2.50	Director	$0	$0	$0
RYAN LILJESTRAND	DIRECTOR	2.50	Director	$0	$0	$0
MICHELLE WILLITS	DIRECTOR	2.50	Director	$0	$0	$0
BELINDA BARON	DIRECTOR	2.50	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
2022	$1,266,768	$1,078,599	No data	$188,169
2021	$8,743,870	$6,467,914	$217,144,580	$2,275,956
2020	$9,488,618	$9,249,776	$202,343,302	$238,842
2019	$10,942,722	$11,460,527	$191,057,399	$-517,805
2018	$11,725,947	$12,362,053	$188,358,091	$-636,106