DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION

EIN: 410226495

DULUTH, MN

Total Revenue
$318,271
Total Expenses
$247,411
Total Assets
$7,807,440
Net Assets
$1,731,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MN
Principal Officer
THOMAS EHLE
Phone
2187305140
Tax Period
2025-01-01 to 2025-12-31

DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION, founded in 1938, is a small nonprofit that reported $318K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 22% operating margin.

Mission

TO PROMOTE THRIFT AMONG OUR MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 16 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 692 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 99 NEW LOANS DURING 2025. AS OF 12/31/25 WE HAD 315 OUTSTANDING LOANS RECEIVABLE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $237,926
Investment Income $79,870
Other Revenue $475
TOTAL REVENUE $318,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,608
Fundraising Expenses $0
Other Expenses $153,803
TOTAL EXPENSES $247,411

Year-over-Year Comparison

2025 2024 Change
Revenue $318,271 $273,730 +0.2%
Expenses $247,411 $219,556 +0.1%
Net Income $70,860 $54,174 +0.3%
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

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Governance

Voting Members
5
Independent Members
4
Employees
4
Volunteers
7

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
4
$35,152
Total Directors
6
$35,152
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS EHLE MANAGER / TR 20.00
Officer Director
$35,152 $0 $35,152
JOHN KALENOWSKI CHAIR 0.50
Officer Director
$0 $0 $0
RICHARD VOLTZKE VICE CHAIR 0.50
Officer Director
$0 $0 $0
CLAUDIA JOHNSON SECRETARY 0.50
Officer Director
$0 $0 $0
REBECCA PALMI DIRECTOR 0.50
Director
$0 $0 $0
MILTON HUTA 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
2025 $318,271 $247,411 $7,807,440 $70,860
2024 $273,730 $219,556 $7,912,044 $54,174
2023 $221,527 $194,938 $8,967,289 $26,589
2022 $226,691 $176,557 $11,020,385 $50,134
2021 $280,587 $178,225 $12,334,460 $102,362
2020 $285,380 $185,115 $11,362,493 $100,265
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