FIREFIGHTERS 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

1931

Legal Domicile

Principal Officer

Bruce Zmolek

Phone

6087849480

Tax Period

2023-01-01 to 2023-12-31

FIREFIGHTERS CREDIT UNION, founded in 1931, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 12% surplus.

Mission

Firefighters Credit Union is a cooperative, nonprofit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

Program Service Accomplishments

Program 1

Expenses: $1,760,562 Revenue: $0

Competitive dividend rates are given on share, share draft and certificate accounts. (11,735 Accounts)

Program 2

Expenses: $3,246,356 Revenue: $576,009

Provided low-cost financial services to 5,017 members.

Program 3

Expenses: $136,198 Revenue: $4,899,525

Granted 856 new loans to members totaling $33,355,664.

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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 $5,475,534

Investment Income $374,859

Other Revenue $0

TOTAL REVENUE $5,850,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,914,951

Fundraising Expenses $0

Program Expenses $5,143,116

Other Expenses $3,228,165

TOTAL EXPENSES $5,143,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,850,393	$4,695,385	+0.2%
Expenses	$5,143,116	$3,866,482	+0.3%
Net Income	$707,277	$828,903	-0.1%

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

N/A

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

$312,322

Total Directors

$7,800

Key Employees

$100,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Zmolek	President	40	Officer	$182,697	$23,442	$206,139
Amy Fruit	Chief Financial Officer	40	Officer	$101,478	$4,705	$106,183
Connie Garbers	Director of Compliance & Operations	40	Key Emp	$94,960	$5,059	$100,019
Gerald Seubert	Board Member	1	Director	$1,500	$0	$1,500
Anastasia Gentry	Vice Chairman	1	Director	$1,425	$0	$1,425
Katrina Lewis	Treasurer	1	Director	$1,425	$0	$1,425
Michael Gazeley	Chairman	0.5	Director	$1,050	$0	$1,050
Dave Schatzley	Secretary	0.50	Director	$900	$0	$900
Tom Vierling	Board Member	0.50	Director	$825	$0	$825
Tony Szak	Board Member	0.50	Director	$675	$0	$675

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	$5,850,393	$5,143,116	$120,046,465	$707,277
2022	$4,695,385	$3,866,482	$113,613,482	$828,903
2021	$5,177,427	$3,870,312	$103,655,154	$1,307,115
2020	$5,413,674	$4,045,807	$97,688,468	$1,367,867
2019	$5,022,151	$3,932,115	$89,555,690	$1,090,036
2018	$4,562,301	$3,526,809	$84,214,510	$1,035,492