Duluth, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARBOR POINTE CREDIT UNION, founded in 1933, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 23% operating margin.
To meet the borrowing, saving, and investment needs of its members by providing the financial services desired. Members save and borrow from each other.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $8,293,734 | $7,586,329 | +0.1% |
| Expenses | $6,423,192 | $5,824,763 | +0.1% |
| Net Income | $1,870,542 | $1,761,566 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lisa Herstad | CEO | 40 |
Officer
|
$209,546 | $13,200 | $222,746 |
| Beth Waksdahl | VP of Operations | 40 |
Officer
|
$147,591 | $12,460 | $160,051 |
| James Lundberg | VP Lending | 40 |
Officer
|
$146,875 | $13,099 | $159,974 |
| Kyle Hanson | Information Systems Manager | 40 |
Highest
|
$112,288 | $6,722 | $119,010 |
| Polly John | Board Chair | 0.50 |
Director
|
$0 | $0 | $0 |
| Lisa Mitchell Krocak | Board Vice Chair | 0.50 |
Director
|
$0 | $0 | $0 |
| Mike Fisher | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Merry Wallin | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Eddie Crawford | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| J Earl Grano | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Christian Koelling | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $8,293,734 | $6,423,192 | $152,373,124 | $1,870,542 |
| 2024 | $7,586,329 | $5,824,763 | $143,997,706 | $1,761,566 |
| 2023 | $6,824,977 | $5,353,089 | $146,163,101 | $1,471,888 |
| 2022 | $5,734,343 | $4,585,398 | $152,867,431 | $1,148,945 |
| 2021 | $5,158,658 | $4,112,578 | $155,144,214 | $1,046,080 |
| 2020 | $4,999,363 | $3,925,350 | $137,140,807 | $1,074,013 |
| 2019 | $5,063,368 | $4,104,278 | $120,417,051 | $959,090 |
| 2018 | $4,592,855 | $3,569,241 | $112,172,759 | $1,023,614 |
Compare HARBOR POINTE CREDIT UNION with other nonprofits in Minnesota and across the country.