RACINE MUNICIPAL EMPLOYEES CREDIT UNION (EIN 396049917) - 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

1953

Legal Domicile

Principal Officer

NICOLE CHRISTENSEN-ZABLER

Phone

2626377274

Tax Period

2024-01-01 to 2024-12-31

RACINE MUNICIPAL EMPLOYEES CREDIT UNION, founded in 1953, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $947K left a modest 15% surplus.

Mission

TO EXCEL IN PROVIDING SERVICES TO PRESENT AND PROSPECTIVE MEMBERS IN A FRIENDLY AND HELPFUL MANNER, WHILE MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $909,392

Investment Income $200,189

Other Revenue $3,760

TOTAL REVENUE $1,113,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,865

Fundraising Expenses $0

Other Expenses $650,462

TOTAL EXPENSES $947,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,113,341	$968,156	+0.1%
Expenses	$947,327	$678,608	+0.4%
Net Income	$166,014	$289,548	-0.4%

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

$88,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE CHRISTENSEN-ZABLER	PRESIDENT/CE	42.00	Officer	$79,064	$9,755	$88,819
SCOTT SHARP	CHAIR	0.50	Officer Director	$0	$0	$0
WILLIE MCDONALD	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DANIEL DEMATTHEW	TREASURER	0.50	Officer Director	$0	$0	$0
CAROLYN MOSKONAS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSE CARBAJAL	DIRECTOR	0.50	Director	$0	$0	$0
TERRY MAIER	DIRECTOR	0.50	Director	$0	$0	$0
CHAVAN SMITH	DIRECTOR	0.50	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
2024	$1,113,341	$947,327	$22,033,940	$166,014
2023	$968,156	$678,608	$21,290,280	$289,548
2022	$735,790	$633,875	$21,352,748	$101,915
2021	$651,309	$574,004	$20,164,634	$77,305
2020	$656,903	$588,798	$18,240,469	$68,105
2019	$617,029	$538,002	$15,480,815	$79,027
2018	$544,239	$487,831	$14,717,936	$56,408

RACINE MUNICIPAL EMPLOYEES CREDIT UNION