DES MOINES METRO CREDIT UNION (EIN 420214646) - 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

1938

Legal Domicile

Principal Officer

JIM ANDERSON

Phone

5152834195

Tax Period

2023-01-01 to 2023-12-31

DES MOINES METRO CREDIT UNION, founded in 1938, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $582K, a strong 18% operating margin.

Mission

TO MEET MEMBER FINANCIAL NEEDS OUR UNIQUE WAY

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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 $1,988,164

Investment Income $864,529

Other Revenue $436,926

TOTAL REVENUE $3,289,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $945,057

Fundraising Expenses $0

Program Expenses $2,707,797

Other Expenses $1,762,740

TOTAL EXPENSES $2,707,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,289,619	$2,439,603	+0.3%
Expenses	$2,707,797	$2,280,479	+0.2%
Net Income	$581,822	$159,124	+2.7%

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

$277,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BAIR	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DONNA HECKMAN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CINDY SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
MARYLEE WOODS	TRESURER	1.00	Officer Director	$0	$0	$0
ANDREA GORETH	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN RITTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCIO HERMOSILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES ANDERSON	CEO	40.00	Officer	$140,071	$18,349	$158,420
TRACI STILES	EVP	40.00	Officer	$105,331	$13,398	$118,729

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	$3,289,619	$2,707,797	$69,324,021	$581,822
2022	$2,439,603	$2,280,479	$71,719,993	$159,124
2021	$2,388,263	$2,240,894	$70,941,154	$147,369
2020	$2,549,287	$2,401,343	$61,759,336	$147,944
2019	$2,785,728	$2,449,460	$53,923,081	$336,268
2018	$2,546,025	$2,298,720	$55,684,747	$247,305

DES MOINES METRO CREDIT UNION