BRAINERD BN 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

1941

Legal Domicile

Principal Officer

KAYCIE HOFMANN

Phone

2188299065

Tax Period

2025-01-01 to 2025-12-31

BRAINERD BN CREDIT UNION, founded in 1941, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2025. Expenses of $5.1M left a modest 14% surplus.

Mission

WE DEDICATE ALL OUR EFFORTS TO PROVIDING MEMBERS THE BEST FINANCIAL PRODUCTS AND SERVICES AVAILABLE WHILE MAINTAINING FINANCIAL STABILITY.

Program Service Accomplishments

Program 1

Expenses: $2,250,123

DIVIDENDS ON SAVINGS DEPOSITS PAID TO OUR MEMBERS ON A QUARTERLY BASIS

Program 2

Expenses: $249,628

DEBIT CARD EXPENSES. EXPENSES RELATED TO PROVIDING DEBIT CARDS FOR MEMBERS. 6,688 MEMBERS HAVE THIS SERVICE AVAILABLE TO THEM AS OF DECEMBER 31, 2025.

Program 3

Expenses: $23,896

LIFE INSURANCE FOR MEMBERS ON SHARE ACCOUNTS. THE LIFE INSURANCE PREMIUMS ARE PAID FOR BY THE CREDIT UNION. 6,688 MEMBERS HAD THIS SERVICE AVAILABLE TO THEM AS OF DECEMBER 31, 2025.

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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 $3,511,290

Investment Income $2,427,475

Other Revenue $0

TOTAL REVENUE $5,938,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,562,666

Fundraising Expenses $0

Program Expenses $2,606,339

Other Expenses $1,267,291

TOTAL EXPENSES $5,103,976

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,938,765	$5,627,154	+0.1%
Expenses	$5,103,976	$4,758,672	+0.1%
Net Income	$834,789	$868,482	0.0%

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

N/A

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

$576,296

Total Directors

$7,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA SANDELL	DIRECTOR	1.00	Director	$1,025	$0	$1,025
STACY CAUGHEY	DIRECTOR	1.00	Director	$975	$0	$975
LOIS BOURASSA	DIRECTOR	1.00	Director	$950	$0	$950
KELLY BROWN	DIR-V. CHAIR	1.00	Director	$1,088	$0	$1,088
ANDREW LARSON	DIR-CHAIRMAN	1.00	Director	$1,388	$0	$1,388
BARBARA BIHLER	DIRECTOR	1.00	Director	$588	$0	$588
DYLAN LEE	DIRECTOR	1.00	Director	$1,125	$0	$1,125
KAYCIE HOFMANN	PRESIDENT/CE	45.00	Officer	$118,210	$18,186	$136,396
DAVID LARSON	CHIEF FIN'L	45.00	Officer	$133,495	$24,614	$158,109
CINDY STUNEK	CHIEF OPER O	45.00	Officer	$87,498	$40,719	$128,217
JESSIE LECY	EXEC. SECR.	45.00	Officer	$43,793	$43,858	$87,651
SHYLO VREDENBURG	VP - MEMBER	45.00	Officer	$46,950	$18,973	$65,923

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	$5,938,765	$5,103,976	$122,550,331	$834,789
2024	No data	No data	No data	No data
2023	$4,499,777	$3,517,290	$103,465,347	$982,487
2022	$2,826,059	$2,327,280	$97,066,978	$498,779
2021	$2,872,699	$2,192,654	$95,654,277	$680,045
2020	$2,855,252	$2,557,073	$88,532,681	$298,179
2019	$3,030,553	$2,654,407	$80,108,144	$376,146
2018	$2,745,241	$2,302,573	$74,758,804	$442,668