MINNCO CREDIT UNION (EIN 410174775) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

Doug Hallstrom

Phone

7636891071

Tax Period

2024-01-01 to 2024-12-31

MINNCO CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $27.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $24.1M left a modest 11% surplus.

Mission

state chartered credit union to promote thrift and to provide source of credit for 33,860 members.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,783,887

Investment Income $4,169,413

Other Revenue $0

TOTAL REVENUE $26,953,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,469,369

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,604,926

TOTAL EXPENSES $24,074,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,953,300	$22,040,179	+0.2%
Expenses	$24,074,295	$18,958,431	+0.3%
Net Income	$2,879,005	$3,081,748	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

129

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

$506,439

Total Directors

$2,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Hallstrom	President	40	Officer	$454,920	$51,519	$506,439
John Wendland	EVP Administration and General Counsel	40	Highest	$195,932	$45,847	$241,779
Todd Sanders	SVP Lending	40	Highest	$149,093	$31,839	$180,932
Rick Borchardt	SVP Finance	40	Highest	$152,875	$26,290	$179,165
Anita Quaglia	SVP Member Experience	40	Highest	$136,914	$30,915	$167,829
Kirstin Bruss	SVP Operations	40	Highest	$150,091	$14,258	$164,349
Jerry Schleicher	Chairperson	1	Director	$573	$0	$573
Richard Soderberg	Board Member	1.0	Director	$463	$0	$463
Laurie Garnas	Board Member	1	Director	$404	$0	$404
Kory Erickson	Board Member	1	Director	$379	$0	$379
Dave Maurer	Board Member	1	Director	$354	$0	$354
Wayne Anderson	Board Member	1	Director	$266	$0	$266

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	$26,953,300	$24,074,295	$523,432,126	$2,879,005
2023	$22,040,179	$18,958,431	$518,034,003	$3,081,748
2022	$18,225,983	$13,370,723	$505,736,590	$4,855,260
2021	$17,267,094	$12,109,434	$474,930,178	$5,157,660
2020	$16,147,841	$13,731,181	$406,346,048	$2,416,660
2019	$14,367,472	$12,197,463	$324,556,258	$2,170,009
2018	$14,022,008	$11,378,178	$303,036,852	$2,643,830

MINNCO CREDIT UNION