ANOKA HENNEPIN CREDIT UNION (EIN 416036540) - 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

1963

Legal Domicile

Principal Officer

JEFFREY CLAUSSEN

Phone

7634220290

Tax Period

2024-01-01 to 2024-07-31

ANOKA HENNEPIN CREDIT UNION, founded in 1963, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

MEMBERS HELPING MEMBERS IN A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION, WITH THE GOAL OF BECOMING OUR MEMBERS' PRIMARY FINANCIAL INSTITUTION; PROTECTING MEMBERS' ASSETS AND PROVIDING PERSONAL, CONVENIENT, AND COMPETITIVE SERVICES.

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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 $7,153,382

Investment Income $977,384

Other Revenue $0

TOTAL REVENUE $8,130,766

Expense Breakdown

Grants Paid $7,161

Salaries & Benefits $3,676,936

Fundraising Expenses $0

Other Expenses $4,383,060

TOTAL EXPENSES $8,067,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,130,766	$12,997,224	-0.4%
Expenses	$8,067,157	$11,458,687	-0.3%
Net Income	$63,609	$1,538,537	-1.0%

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

N/A

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

$832,217

Total Directors

$5,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY ANDERSON	CHAIRPERSON	1.00	Director	$960	$0	$960
STACY GERRETY	VICE CHAIRPERSON	1.00	Director	$720	$0	$720
TODD PROULX	SECRETARY	1.00	Director	$880	$0	$880
JAMES CALDWELL	DIRECTOR	1.00	Director	$770	$0	$770
JIM GAFFNEY	DIRECTOR	1.00	Director	$770	$0	$770
DR PATRICK NAPOLI	DIRECTOR	1.00	Director	$560	$0	$560
MARK UNDIS	DIRECTOR	1.00	Director	$490	$0	$490
JEFFREY CLAUSSEN	PRESIDENT & CEO	40.00	Officer	$294,751	$23,640	$318,391
MARTIN WALIGORA	VP OF FINANCE & CFO	40.00	Officer	$156,194	$14,074	$170,268
RICK GONNERMAN	CIO	40.00	Officer	$146,343	$12,504	$158,847
THERESA TOSTENGARD	SVP - GENERAL COUNSEL	32.00	Officer	$163,190	$21,521	$184,711
CHRIS OLSEN	VP LENDING	40.00	Highest	$123,520	$7,320	$130,840
HEATHER HERNANDEZ VIVEROS	VP HUMAN RESOURCES	40.00	Highest	$110,598	$7,431	$118,029

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	$8,130,766	$8,067,157	No data	$63,609
2023	$12,997,224	$11,458,687	$278,823,571	$1,538,537
2022	$11,123,956	$9,454,836	$293,865,690	$1,669,120
2021	$10,634,973	$8,844,561	$278,464,977	$1,790,412
2020	$9,641,372	$9,109,106	$245,957,320	$532,266
2019	$10,003,770	$8,822,031	$202,206,644	$1,181,739
2018	$9,354,433	$8,291,644	$192,964,998	$1,062,789

ANOKA HENNEPIN CREDIT UNION