UPPER MIDWEST AUTOMATED CLEARING H… - 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

1974

Legal Domicile

Principal Officer

ANGI FARREN

Phone

7635497000

Tax Period

2023-01-01 to 2023-12-31

UPPER MIDWEST AUTOMATED CLEARING HOUSE ASSOCIATION INC, founded in 1974, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023.

Mission

IT IS OUR MISSION TO BRING CLARITY TO COMPLEX RULES AND REGULATIONS BY DIGGING IN TO UNDERSTAND THE NEEDS OF OUR MEMBERS AND CLIENTS AND PROVIDE LEARNING OPPORTUNITIES AND CONSULTATIVE PACKAGES THAT BEST MEET THOSE NEEDS.

Program Service Accomplishments

Program 1

UMACHA PROVIDES EDUCATIONAL WORKSHOPS, WEBINARS, SYMPOSIUMS, AND CONFERENCES TO MEMBERS AND OTHER INDUSTRY STAKEHOLDERS ON ELECTRONIC PAYMENTS WITH A FOCUS ON THE ACH NETWORK. THE FACE-TO-FACE...

UMACHA PROVIDES EDUCATIONAL WORKSHOPS, WEBINARS, SYMPOSIUMS, AND CONFERENCES TO MEMBERS AND OTHER INDUSTRY STAKEHOLDERS ON ELECTRONIC PAYMENTS WITH A FOCUS ON THE ACH NETWORK. THE FACE-TO-FACE SESSIONS ARE PRIMARILY IN THE UPPER MIDWEST, WHILE THE VIRTUAL LEARNING OPPORTUNITIES ARE OPEN TO ANYONE INTERESTED IN THE TOPIC. THE ORGANIZATION PARTICIPATED IN 156 CONFERENCES, SEMINARS AND WEBINARS DURING 2023.

Program 2

UMACHA OFFERS PUBLICATIONS AND EDUCATIONAL MATERIALS TO ASSIST MEMBER AND NON-MEMBER ORGANIZATIONS IN THE AREAS OF ACH AND ELECTRONIC PAYMENTS.THE ORGANIZATION SOLD A TOTAL OF 5,236 PUBLICATIONS...

UMACHA OFFERS PUBLICATIONS AND EDUCATIONAL MATERIALS TO ASSIST MEMBER AND NON-MEMBER ORGANIZATIONS IN THE AREAS OF ACH AND ELECTRONIC PAYMENTS.THE ORGANIZATION SOLD A TOTAL OF 5,236 PUBLICATIONS DURING 2023.

Program 3

UMACHA PERFORMS COMPLIANCE SERVICES FOR MEMBERS AND INDUSTRY STAKEHOLDERS, SPECIALIZING IN VARIOUS ELECTRONIC PAYMENT METHODS WITH A STRONG FOCUS ON THE ACH NETWORK. THE ORGANIZATION WAS INVOLVED IN...

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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 $2,450,787

Investment Income $18,577

Other Revenue $7,402

TOTAL REVENUE $2,476,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,785,846

Fundraising Expenses $0

Other Expenses $797,671

TOTAL EXPENSES $2,583,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,476,766	$2,344,181	+0.1%
Expenses	$2,583,517	$2,457,547	+0.1%
Net Income	$-106,751	$-113,366	-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

$251,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS FETERL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER GERMANN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VIKRAM ISRANI	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA BURR	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BILSKI	DIRECTOR - AT LARGE	2.00	Director	$0	$0	$0
BILL FUCHS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HAUG	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTA DAMM	DIRECTOR	2.00	Director	$0	$0	$0
SHARON VOSS	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WAIT	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE WALSTAD	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE CHARPENTER	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY RETTINGER	DIRECTOR	2.00	Director	$0	$0	$0
LISA SALAZAR	DIRECTOR	2.00	Director	$0	$0	$0
ANGI FARREN	PRESIDENT/CEO	40.00	Officer	$207,163	$44,774	$251,937
JENNIFER MILLER	SENIOR DIRECTOR OF SERVICE	40.00	Highest	$168,574	$14,896	$183,470
DANYELL POZORSKI	SENIOR DIRECTOR OF OPERATIONS	40.00	Highest	$113,463	$20,237	$133,700
KIMBERLY ELLIS	DIRECTOR OF EDUCATION SERVICES	40.00	Highest	$103,552	$28,394	$131,946

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	$2,476,766	$2,583,517	$1,676,029	$-106,751
2022	$2,344,181	$2,457,547	$1,795,616	$-113,366
2021	$2,212,998	$2,218,325	$1,779,481	$-5,327
2020	$2,149,944	$1,978,236	$1,756,038	$171,708
2019	$2,173,259	$2,409,818	$1,574,386	$-236,559
2018	$2,147,743	$2,242,881	$1,818,022	$-95,138

UPPER MIDWEST AUTOMATED CLEARING HOUSE ASSOCIATION INC