NORTH STAR CREDIT UNION (EIN 410789207) - 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

1939

Legal Domicile

Principal Officer

JENNIFER STEDT

Phone

2186665940

Tax Period

2023-01-01 to 2023-12-31

NORTH STAR CREDIT UNION, founded in 1939, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 13% surplus.

Mission

WE ARE A CREDIT UNION. OUR MISSION IS TO PROVIDE FINANCIAL SERVICES AND FINANCIAL EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,727,285

Investment Income $625,589

Other Revenue $16,585

TOTAL REVENUE $5,369,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,425,469

Fundraising Expenses $0

Other Expenses $2,225,009

TOTAL EXPENSES $4,650,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,369,459	$4,235,366	+0.3%
Expenses	$4,650,478	$3,574,264	+0.3%
Net Income	$718,981	$661,102	+0.1%

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

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

$321,053

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA WHITESIDE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VICKI SCHELDE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGE RINNE	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN KORPI	DIRECTOR	1.00	Director	$0	$0	$0
JODIE PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SVEDBERG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STEDT	CEO/TREASURER	40.00	Officer	$155,667	$24,886	$180,553
JENNIFER JUDAS	VP OF ACCOUNTING	40.00	Officer	$109,202	$31,298	$140,500
STEPHANIE BURCKHARDT	VP MORTGAGE LENDING	40.00	Highest	$114,290	$30,327	$144,617
ALICIA DAHL	VP BUSINESS SERVICES	40.00	Highest	$102,227	$20,593	$122,820

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	No data	No data	No data	No data
2023	$5,369,459	$4,650,478	$97,170,448	$718,981
2022	$4,235,366	$3,574,264	$90,931,796	$661,102
2021	$4,205,366	$3,124,660	$84,380,411	$1,080,706
2020	$3,725,903	$3,101,445	$70,279,609	$624,458
2019	$3,388,642	$2,783,169	$59,776,837	$605,473
2018	$2,858,324	$2,671,818	$54,435,415	$186,506

NORTH STAR CREDIT UNION