BLACKHAWK COMMUNITY CREDIT UNION (EIN 396086299) - 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

1965

Legal Domicile

Principal Officer

LISA PALMA

Phone

6087556065

Tax Period

2023-01-01 to 2023-12-31

BLACKHAWK COMMUNITY CREDIT UNION, founded in 1965, is a mid-sized nonprofit that reported $44.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.2M, a strong 30% operating margin.

Mission

BLACKHAWK COMMUNITY CREDIT UNION IS A STATE CHARTERED CREDIT UNION IN WISCONSIN ORGANIZED FOR THE PURPOSE OF PROVIDING DEPOSIT ACCOUNTS, LOAN ACCOUNTS, AND TRANSACTION SERVICES TO ITS MEMBERS. OUR MISSION IS TO PROVIDE STRAIGHTFORWARD AND HELPFUL FINANCIAL MANAGEMENT TOOLS THROUGH PERSONALIZED SERVICE THAT PROMOTES AND SUPPORTS OUR MEMBERS' FINANCIAL WELL-BEING.

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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 $3,457,255

Program Service Revenue $33,930,093

Investment Income $7,238,778

Other Revenue $4,421

TOTAL REVENUE $44,630,547

Expense Breakdown

Grants Paid $37,646

Salaries & Benefits $16,322,864

Fundraising Expenses $0

Other Expenses $15,049,083

TOTAL EXPENSES $31,409,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,630,547	$34,765,516	+0.3%
Expenses	$31,409,593	$24,036,578	+0.3%
Net Income	$13,220,954	$10,728,938	+0.2%

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

213

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

$1,041,637

Total Directors

$8,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JENKS	CHAIRPERSON	2.00	Officer Director	$2,139	$0	$2,139
ERIC ENTRINGER	VICE CHAIRPERSON	2.00	Officer Director	$1,599	$0	$1,599
SARAH FERGE	SECRETARY	2.00	Officer Director	$1,269	$0	$1,269
EDMUND HALABI	TREASURER	2.00	Officer Director	$1,349	$0	$1,349
MARC AUSBERGER	DIRECTOR	2.00	Director	$889	$0	$889
DANIEL JACKSON	DIRECTOR	2.00	Director	$809	$0	$809
NANCY RICHARDSON	DIRECTOR	2.00	Director	$880	$0	$880
LISA PALMA	CEO	40.00	Officer	$519,155	$45,886	$565,041
MATT WOHLERS	EXECUTIVE VP & CAO	40.00	Officer	$423,434	$46,806	$470,240
DAN KINDL	VP-LENDING PRODUCTION	40.00	Highest	$168,971	$19,482	$188,453
LESLIE HULICK	SENIOR VP-ADMIN & CAO (THRU 9/23)	40.00	Highest	$215,226	$7,878	$223,104
BENJAMEN GMEINDER	VP-CONTROLLER	40.00	Highest	$230,947	$21,186	$252,133
GLEN NEELY	INVESTMENT ADVISOR	40.00	Highest	$212,578	$44,422	$257,000
LINDSEY DEBARTELO	SENIOR VP-OPERATIONS & COO	40.00	Highest	$304,924	$25,116	$330,040

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	$44,630,547	$31,409,593	$814,064,230	$13,220,954
2022	$34,765,516	$24,036,578	$819,730,736	$10,728,938
2021	$33,256,046	$24,209,544	$849,706,137	$9,046,502
2020	$31,688,982	$25,444,148	$753,202,837	$6,244,834
2019	$30,788,069	$28,076,898	$619,876,636	$2,711,171
2018	$27,488,341	$24,605,262	$605,879,643	$2,883,079

BLACKHAWK COMMUNITY CREDIT UNION