ACE CREDIT UNION

EIN: 420693466

MASON CITY, IA

Total Revenue
$329,233
Total Expenses
$240,831
Total Assets
$7,591,799
Net Assets
$1,544,068
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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
1934
Legal Domicile
IA
Principal Officer
ELLEN KAY
Phone
6414246330
Tax Period
2025-01-01 to 2025-12-31

ACE CREDIT UNION, founded in 1934, is a small nonprofit that reported $329K in total revenue in fiscal year 2025. The organization ran a surplus of $88K, a strong 27% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES TO MEMBERS - SHARE SAVINGS AND LOANS

Program Service Accomplishments

Program 1
Expenses: $240,831 Revenue: $166,813

THE ORGANIZATION'S LARGEST EXPENSE IS DIVIDEND EXPENSE PAID ON SHARE ACCOUNTS. THE ORGANIZATION OFFERS LOANS RANGING FROM SMALL SIGNATURE LOANS UP TO HOME EQUITY LOANS. IN 2025, 769 MEMBERS WERE...

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THE ORGANIZATION'S LARGEST EXPENSE IS DIVIDEND EXPENSE PAID ON SHARE ACCOUNTS. THE ORGANIZATION OFFERS LOANS RANGING FROM SMALL SIGNATURE LOANS UP TO HOME EQUITY LOANS. IN 2025, 769 MEMBERS WERE SERVED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $97,867
Investment Income $162,420
Other Revenue $68,946
TOTAL REVENUE $329,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,331
Fundraising Expenses $0
Program Expenses $240,831
Other Expenses $173,500
TOTAL EXPENSES $240,831

Year-over-Year Comparison

2025 2024 Change
Revenue $329,233 $315,386 +0.0%
Expenses $240,831 $222,670 +0.1%
Net Income $88,402 $92,716 0.0%
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

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Governance

Voting Members
12
Independent Members
11
Employees
2
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
5
$64,137
Total Directors
12
$64,137
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN M KAY CFO 35.00
Officer Director
$51,530 $11,854 $63,384
KATHY GROVE CHAIRPERSON 0.25
Officer Director
$0 $0 $0
BRENT HAMILTON VICE CHAIRPERSON 0.25
Officer Director
$0 $0 $0
LESLIE M BEHM ASSISTANT TREASURER 0.50
Officer Director
$753 $0 $753
KAREN JOHNSON SECRETARY 0.50
Officer Director
$0 $0 $0
CHERYL BURT AUDIT COMMITTEE 0.50
Director
$0 $0 $0
MARJORIE STEINBERG AUDIT CHAIR 0.75
Director
$0 $0 $0
KEVIN MUHLENBRUCH CREDIT COMMITTEE 0.25
Director
$0 $0 $0
JULIE FOX CREDIT CHAIR 0.25
Director
$0 $0 $0
MELISSA SWYTER AUDIT COMMITTEE 0.25
Director
$0 $0 $0
VICTOR BEZDICEK CREDIT COMMITTEE 0.25
Director
$0 $0 $0
RICH PATRAS CREDIT COMMITTEE 0.25
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
2025 $329,233 $240,831 $7,591,799 $88,402
2024 $315,386 $222,670 $7,374,362 $92,716
2023 $280,768 $184,825 $7,100,774 $95,943
2022 $158,555 $131,233 $8,012,611 $27,322
2021 $137,029 $131,628 $9,052,372 $5,401
2020 $149,966 $142,721 $8,063,469 $7,245
2019 $187,465 $152,599 $7,404,517 $34,866
2018 $192,951 $142,784 $7,775,288 $50,167
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