LENNOX EMPLOYEES CREDIT UNION (EIN 420672110) - 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

1948

Legal Domicile

Principal Officer

CARL MUNDTH

Phone

6417544501

Tax Period

2023-01-01 to 2023-12-31

LENNOX EMPLOYEES CREDIT UNION, founded in 1948, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO OFFER A VARIETY OF COMPETITIVE FINANCIAL SERVICES IN A FRIENDLY, EFFICIENT, CONVENIENT, AND CONFIDENTIAL MANNER TO LENNOX EMPLOYEES AND THEIR FAMILIES, SELECT EMPLOYEE GROUPS AND THEIR FAMILIES, AS CREDIT UNION MEMBERS. GIVING MEMBERS FAST, COURTEOUS MEMBER SERVICE FROM A CONFIDENT, COMPETENT, WELL-TRAINED STAFF IS PRIORITY. AIDING MEMBERS IN EDUCATED MANAGEMENT OF MONEY AND RESPONDING WITH PRODUCTS AND SERVICES TO MEET THEIR EVER-CHANGING NEEDS.

🔒

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 $2,343,893

Investment Income $370,533

Other Revenue $9,542

TOTAL REVENUE $2,723,968

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $881,031

Fundraising Expenses $0

Other Expenses $1,832,006

TOTAL EXPENSES $2,716,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,723,968	$2,271,982	+0.2%
Expenses	$2,716,037	$2,134,516	+0.3%
Net Income	$7,931	$137,466	-0.9%

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

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

$285,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL MUNDTH	PRESIDENT/CE	44.00	Officer	$92,357	$38,363	$130,720
LINDA GIBBS	VP MEMBER SV	44.00	Officer	$59,476	$20,382	$79,858
SHANNON PICKETT	DIRECTOR OF	40.00	Officer	$46,318	$17,759	$64,077
ALAN KEIWIET	VP-CFO	40.00	Officer	$10,493	$390	$10,883
TOBY BRIMMER	CHAIR	1.00	Officer Director	$0	$0	$0
TYLER GERDES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEBRA KERR	TREASURER	1.00	Officer Director	$0	$0	$0
JANETTE OETKER	SECRETARY	1.00	Officer Director	$0	$0	$0
PATTI JAY	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SCHWANDT	DIRECTOR	1.00	Director	$0	$0	$0
DEB SAMS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MASS	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS KEELER	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
RICH PARK	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	No data	No data	No data	No data
2023	$2,723,968	$2,716,037	$61,173,419	$7,931
2022	$2,271,982	$2,134,516	$60,676,227	$137,466
2021	$2,092,613	$2,169,079	$62,651,164	$-76,466
2020	$2,028,974	$2,052,312	$58,058,846	$-23,338
2019	$2,128,300	$1,948,663	$45,473,350	$179,637
2018	$1,981,668	$1,971,074	$43,889,016	$10,594

LENNOX EMPLOYEES CREDIT UNION