LEADING EDGE CREDIT UNION (EIN 411563619) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

CHAD MERRIHEW

Phone

5077752802

Tax Period

2023-01-01 to 2023-12-31

LEADING EDGE CREDIT UNION, founded in 1986, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

MEMBER OWNED FINANCIAL SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,032,504

Investment Income $390,020

Other Revenue $0

TOTAL REVENUE $8,422,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,965,016

Fundraising Expenses $0

Other Expenses $3,516,827

TOTAL EXPENSES $8,561,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,422,524	$7,569,554	+0.1%
Expenses	$8,561,409	$7,236,877	+0.2%
Net Income	$-138,885	$332,677	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$727,631

Total Directors

$4,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS BRUNK	SECRETARY & TREASURER	3.00	Officer Director	$1,192	$0	$1,192
CHERYL JANSSEN	BOARD MEMBER	3.00	Director	$1,139	$0	$1,139
MIKE LOOSEBROCK	VICE CHAIRMAN	3.00	Officer Director	$1,006	$0	$1,006
RANDY DONAHUE	CHAIRMAN	4.00	Officer Director	$678	$0	$678
VORIS SPITTLE	BOARD MEMBER	2.00	Director	$312	$0	$312
THOMAS MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD MERRIHEW	CEO & PRESIDENT	45.00	Officer	$222,310	$32,913	$255,223
DONNA TIMS	CHRO	45.00	Officer	$118,938	$20,265	$139,203
LAURA HONKEN	CIO	45.00	Officer	$105,412	$12,702	$118,114
MELISSA GEHL	CHIEF MARKETING OFFICER	45.00	Officer	$86,513	$11,427	$97,940
RYAN FRANCIS	CFO	45.00	Officer	$65,649	$7,641	$73,290
BRANDIE SWENSON	CFO	45.00	Officer	$35,947	$5,038	$40,985

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	$8,422,524	$8,561,409	$145,079,805	$-138,885
2022	$7,569,554	$7,236,877	$149,217,727	$332,677
2021	$7,366,161	$7,278,149	$143,432,418	$88,012
2020	$6,671,151	$6,780,328	$135,956,726	$-109,177
2019	$7,038,377	$6,923,233	$121,644,692	$115,144
2018	$6,789,570	$6,087,776	$118,927,618	$701,794

LEADING EDGE CREDIT UNION