DANFOSS EMPLOYEES 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

1949

Legal Domicile

Principal Officer

ANN HEALEY-ALLEN

Phone

9529377175

Tax Period

2024-01-01 to 2024-12-31

DANFOSS EMPLOYEES CREDIT UNION, founded in 1949, is a small nonprofit that reported $194K in total revenue in fiscal year 2024.

Mission

MEET OUR MEMBERS' NEEDS BY PROVIDING SERVICE WITH A PERSONAL TOUCH, CULTIVATING CLOSE RELATIONSHIPS, OFFERING FINANCIAL GUIDANCE, AND SAFEGUARDING OUR MEMBERS' ASSETS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 10 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 333 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 25 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 214 LOANS TO OUR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $752

Program Service Revenue $170,795

Investment Income $22,826

Other Revenue $0

TOTAL REVENUE $194,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,079

Fundraising Expenses $0

Other Expenses $108,708

TOTAL EXPENSES $189,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,373	$197,883	0.0%
Expenses	$189,787	$192,382	0.0%
Net Income	$4,586	$5,501	-0.2%

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

$75,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN HEALEY-ALLEN	CEO	40.00	Officer	$75,200	$0	$75,200
STEVE ZUMBUSCH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRAD HIMLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HUFFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
PETER LAUER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD DIEKMANN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SMITH	DIRECTOR	1.00	Director	$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
2024	$194,373	$189,787	$2,366,162	$4,586
2023	$197,883	$192,382	$2,818,371	$5,501
2022	$150,110	$143,386	$3,492,218	$6,724
2021	$138,612	$138,546	$3,017,621	$66
2021	$138,612	$138,546	$3,017,621	$66
2020	$144,871	$165,462	$2,569,943	$-20,591
2019	$167,370	$187,225	$2,614,023	$-19,855
2018	$176,919	$167,016	$2,476,913	$9,903