ELY AREA CREDIT UNION (EIN 410237440) - 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

1938

Legal Domicile

Principal Officer

MARK KREKELBERG

Phone

2183653131

Tax Period

2025-01-01 to 2025-12-31

ELY AREA CREDIT UNION, founded in 1938, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 49% operating margin.

Mission

AS A MEMBEROWNED FINANCIAL COOPERATIVE WE WILL DEVELOP AND OFFER COMPETITIVE PRODUCT LINES THAT MEET MEMBERS NEEDS WHILE MAINTAINING ASSET STRENGTH AND BE A FULLSERVICE ORGANIZATION THAT SATISFIES THE NEEDS OF THE MEMBERSHIP

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,858,803

Investment Income $1,323,343

Other Revenue $323,155

TOTAL REVENUE $3,505,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,850

Fundraising Expenses $0

Other Expenses $1,120,254

TOTAL EXPENSES $1,797,104

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,505,301	$2,947,398	+0.2%
Expenses	$1,797,104	$1,662,042	+0.1%
Net Income	$1,708,197	$1,285,356	+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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KREKELBERG	TREASURERMANAGER	40.00	Highest	$141,853	$0	$141,853
TODD AHO	CHAIR	1.00	Director	$0	$0	$0
STEPHEN PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEB ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY GORNIK	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA MATHEWS	VICE CHAIR	1.00	Director	$0	$0	$0
KERRY DAVIS	BOARD MEMBER	1.00	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	$3,505,301	$1,797,104	$73,171,414	$1,708,197
2024	No data	No data	No data	No data
2023	$2,330,009	$1,373,789	$64,991,016	$956,220
2022	$1,866,322	$1,434,423	$63,688,645	$431,899
2021	$1,880,737	$1,363,430	$63,210,679	$517,307
2020	$1,790,717	$1,208,143	$54,365,317	$582,574
2019	$1,798,838	$1,333,059	$43,758,560	$465,779
2018	$1,602,634	$1,228,337	$43,270,252	$374,297

ELY AREA CREDIT UNION