SOO LINE CREDIT UNION CREDIT UNION… - Form 990 Financial Data

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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

1927

Legal Domicile

Principal Officer

NANCY ROSKE

Phone

6123739412

Tax Period

2018-01-01 to 2018-12-31

SOO LINE CREDIT UNION CREDIT UNIONS IN THE STATE OF MINNESOTA, founded in 1927, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2018.

Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO THE CREDIT UNION'S QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 15,249 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 7,030 MEMBERS.

Program 2

PROVIDED SAVINGS DEPOSIT SERVICES, ORIGINATED NEW LOANS AND SERVICE LOAN PORTFOLIOS FOR MEMBERS.

Program 3

PROVIDED ACCESS FOR MEMBERS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICE AS WELL AS RECORDED MEMBER ACCOUNT ACTIVITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,969,642

Investment Income $149,068

Other Revenue $9,000

TOTAL REVENUE $2,127,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $681,789

Fundraising Expenses $0

Other Expenses $1,546,346

TOTAL EXPENSES $2,243,384

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,127,710	$1,992,217	+0.1%
Expenses	$2,243,384	$1,887,605	+0.2%
Net Income	$-115,674	$104,612	-2.1%

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

N/A

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
JUDY MITCHELL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER GOEBEL	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK JOHNSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DARRYLL PALMER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DOLL	VICE CHAIR	1.00	Director	$0	$0	$0
MARK ASTLEFORD	DIRECTOR	2.00	Director	$0	$0	$0
ALICE JANCSEK	DIRECTOR/SUPERVISORY COMMI	2.00	Director	$0	$0	$0
KARL NESSET	CFO	7.00	Officer	$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
2018	$2,127,710	$2,243,384	$41,814,361	$-115,674

SOO LINE CREDIT UNION CREDIT UNIONS IN THE STATE OF MINNESOTA