EMPLOYEES CREDIT UNION (EIN 420772828) - 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

1947

Legal Domicile

Principal Officer

MARK PETERS

Phone

7123625897

Tax Period

2023-01-01 to 2023-12-31

EMPLOYEES CREDIT UNION, founded in 1947, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 22% operating margin.

Mission

TO BE OUR MEMBERS OPTIMUM SERVICE CENTER FOR THEIR FINANCIAL NEEDS.

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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 $6,359,154

Investment Income $2,613,375

Other Revenue $0

TOTAL REVENUE $8,972,529

Expense Breakdown

Grants Paid $8,125

Salaries & Benefits $1,432,479

Fundraising Expenses $0

Other Expenses $5,532,399

TOTAL EXPENSES $6,973,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,972,529	$6,217,747	+0.4%
Expenses	$6,973,003	$3,873,087	+0.8%
Net Income	$1,999,526	$2,344,660	-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

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

$482,689

Total Directors

$355,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PETERS	CEO	40.00	Officer Director	$287,077	$68,772	$355,849
LAUREL HASH	LOAN MANAGER	40.00	Officer	$107,000	$19,840	$126,840
CHARLIE NOURSE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD MUNN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERRY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DAN JONDLE	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE HANDELAND	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA BORCHERS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE CHRESTIANSEN	DIRECTOR	1.00	Director	$0	$0	$0
DANNY HOFFMAN	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	$8,972,529	$6,973,003	$158,633,797	$1,999,526
2022	$6,217,747	$3,873,087	$147,822,214	$2,344,660
2021	$5,411,301	$2,785,003	$136,420,831	$2,626,298
2020	$5,619,668	$3,222,225	$118,458,064	$2,397,443
2019	$5,485,363	$3,775,122	$105,357,507	$1,710,241
2018	$4,772,825	$3,450,846	$97,494,304	$1,321,979

EMPLOYEES CREDIT UNION