INDIANHEAD 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

1961

Legal Domicile

Principal Officer

DALE GOTTSCHALK

Phone

7156358273

Tax Period

2023-01-01 to 2023-12-31

INDIANHEAD CREDIT UNION, founded in 1961, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 43% operating margin.

Mission

To make available the best possible financial products to our members, by providing competitive rates, member education, and outstanding service, while maintaining the credit union's long-term financial stability.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The Credit Union provides staff and space for the VITA/AARP site at our Spooner Office; we did at least 412 tax returns for low and moderate income individuals in our community at no charge to the...

The Credit Union provides staff and space for the VITA/AARP site at our Spooner Office; we did at least 412 tax returns for low and moderate income individuals in our community at no charge to the tax payer. This service does not generate income; the expenses are an estimate since staff is doing this during regular business hours. I estimate the cost to be $8000.

Program 2

Expenses: $0 Revenue: $0

We provide paid staff time for an employee to run the annual Lions Christmas fund in our community. This program provides gifts and food to needy families at Christmas time. Expenses are not broken...

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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 $2,484,393

Investment Income $1,679,007

Other Revenue $585,487

TOTAL REVENUE $4,748,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,141,099

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,564,039

TOTAL EXPENSES $2,705,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,748,887	$3,212,744	+0.5%
Expenses	$2,705,138	$2,230,893	+0.2%
Net Income	$2,043,749	$981,851	+1.1%

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

$271,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE GOTTSCHALK	CEO/PRESIDENT	40	Officer Highest	$145,213	$36,835	$182,048
Renee Zimmerman	Vice-President Operations	40	Officer	$77,107	$12,349	$89,456
MICHAEL OSTRENGA	Board Chair	1	Director	$0	$0	$0
LARRY AVERY	Director	1	Director	$0	$0	$0
RICHARD HARTMANN	SECRETARY/TREASURER	2	Director	$0	$0	$0
RICHARD MOONEY	Director	1	Director	$0	$0	$0
PARRISH JONES	DIRECTOR	1	Director	$0	$0	$0
KAREN SOHN	VICE-CHAIR	1	Director	$0	$0	$0
AMY GEHRMANN	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
2024	No data	No data	No data	No data
2023	$4,748,887	$2,705,138	$90,226,501	$2,043,749
2022	$3,212,744	$2,230,893	$93,128,956	$981,851
2021	$2,522,491	$2,230,178	$88,164,470	$292,313
2020	$2,623,372	$2,300,352	$79,789,412	$323,020
2019	$2,778,794	$2,177,500	$62,744,601	$601,294
2018	$2,489,920	$1,992,090	$58,408,284	$497,830