AIM CREDIT UNION

EIN: 420329305

DUBUQUE, IA

Total Revenue
$8,896,656
Total Expenses
$7,900,016
Total Assets
$184,858,645
Net Assets
$22,572,994
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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
1933
Legal Domicile
IA
Principal Officer
MIKE MORONEY
Phone
5635853737
Tax Period
2023-01-01 to 2023-12-31

AIM CREDIT UNION, founded in 1933, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $7.9M left a modest 11% surplus.

Mission

TO DELIVER EXCEPTIONAL SERVICE AND PERSONALIZED FINANCIAL SOLUTIONS THAT HELP OUR MEMBERS ACHIEVE THEIR GOALS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 3,103 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 13,552 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,017 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 8,426 OUTSTANDING LOANS RECEIVABLE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,500
Program Service Revenue $7,141,375
Investment Income $1,722,921
Other Revenue $24,860
TOTAL REVENUE $8,896,656

Expense Breakdown

Grants Paid $25,100
Salaries & Benefits $2,232,936
Fundraising Expenses $0
Other Expenses $5,641,980
TOTAL EXPENSES $7,900,016

Year-over-Year Comparison

2023 2022 Change
Revenue $8,896,656 $6,668,128 +0.3%
Expenses $7,900,016 $5,579,019 +0.4%
Net Income $996,640 $1,089,109 -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

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Governance

Voting Members
11
Independent Members
10
Employees
34
Volunteers
10

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
4
$334,825
Total Directors
11
$334,825
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MORONEY PRESIDENT / 50.00
Officer Director
$244,762 $90,063 $334,825
JACK SCHUMACHER CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEFF EDDY VICE CHAIR 0.50
Officer Director
$0 $0 $0
BECKY JENKINS SECRETARY 0.50
Officer Director
$0 $0 $0
ELIZABETH MILLER DIRECTOR/AUD 0.50
Director
$0 $0 $0
MARK ARTHOFER DIRECTOR 0.50
Director
$0 $0 $0
VINCE COPELAND DIRECTOR 0.50
Director
$0 $0 $0
SANDY EVEN DIRECTOR 0.50
Director
$0 $0 $0
SHELLEY FITZGERALD DIRECTOR 0.50
Director
$0 $0 $0
JOESPH KUBESHESKI DIRECTOR 0.50
Director
$0 $0 $0
JEREMY WULFEKHULE DIRECTOR 0.50
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 No data No data No data No data
2023 $8,896,656 $7,900,016 $184,858,645 $996,640
2022 $6,668,128 $5,579,019 $162,420,940 $1,089,109
2021 $6,087,437 $5,208,020 $165,623,209 $879,417
2020 $6,802,780 $5,607,455 $152,417,916 $1,195,325
2019 $6,635,693 $5,748,630 $130,498,519 $887,063
2018 $6,125,739 $4,881,848 $125,633,587 $1,243,891
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