ST CLOUD FINANCIAL CREDIT UNION

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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

1930

Legal Domicile

Principal Officer

JED MEYER

Phone

3202522634

Tax Period

2024-01-01 to 2024-12-31

ST CLOUD FINANCIAL CREDIT UNION, founded in 1930, is a mid-sized nonprofit that reported $21.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $20.3M left a modest 5% surplus.

Mission

TO MAKE A MEANINGFUL DIFFERENCE FOR ALL, WE ADVOCATE FOR PEOPLE THROUGH A MEMBER-FOCUSED CULTURE, AN ENTHUSIASTIC EMPLOYEE ENVIRONMENT, AND PURPOSEFUL ACTION WITHIN OUR COMMUNITY.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE GREW OUR MEMBERSHIP BY 1,316 IN 2024. AS OF 12/31/2024 WE HAD 25,574 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 3,748 NEW LOANS TO MEMBERS DURING 2024. AS OF 12/31/2024 WE HAD 15,324 LOANS TO OUR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,972,081

Investment Income $1,141,916

Other Revenue $313,750

TOTAL REVENUE $21,427,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,327,532

Fundraising Expenses $0

Other Expenses $7,976,460

TOTAL EXPENSES $20,345,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,427,747	$18,660,100	+0.1%
Expenses	$20,345,269	$16,371,278	+0.2%
Net Income	$1,082,478	$2,288,822	-0.5%

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

$526,123

Total Directors

$19,679

Key Employees

$382,844

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY EISENWINTER	BOARD MEMBER	1.00	Director	$2,895	$0	$2,895
ANDREW JOHANNES	BOARD MEMBER	1.00	Director	$2,726	$0	$2,726
KENNETH ERICKSON	BOARD 2ND VICE CHAIR	1.00	Officer Director	$3,095	$0	$3,095
RICK WURST	BOARD MEMBER	1.00	Director	$2,400	$0	$2,400
RANDY SCHREIFELS	BOARD CHAIR	1.00	Officer Director	$3,054	$0	$3,054
SARAH MAIER	BOARD MEMBER	1.00	Director	$2,721	$0	$2,721
SONY LUBRECHT	BOARD MEMBER	1.00	Director	$2,788	$0	$2,788
JED MEYER	CEO	40.00	Officer	$293,936	$49,782	$343,718
FRANCO CUSIPAG	CFO	40.00	Officer	$152,427	$23,829	$176,256
CHASE LARSON	CLO	40.00	Key Emp	$166,305	$38,487	$204,792
MEGGAN SCHWIRTZ	CXO	40.00	Key Emp	$152,761	$25,291	$178,052
JAMIE KLEVE	COO	40.00	Highest	$149,072	$29,296	$178,368
JUSTIN BURNARD	CTO	40.00	Highest	$145,688	$30,203	$175,891
JASON GROTH	VP OF MORTGAGE	40.00	Highest	$111,351	$18,462	$129,813
AMY WEISZ	DIRECTOR OF ACCOUNTING	40.00	Highest	$107,177	$9,792	$116,969
NATHAN CRIST	IT TECHNICAL DIRECTOR	40.00	Highest	$103,276	$19,628	$122,904

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	$21,427,747	$20,345,269	$374,579,174	$1,082,478
2023	$18,660,100	$16,371,278	$346,848,374	$2,288,822
2022	$14,690,907	$12,590,974	$326,767,101	$2,099,933
2021	$13,966,994	$11,453,028	$289,886,026	$2,513,966
2020	$12,436,897	$11,164,815	$248,270,161	$1,272,082