QUAKER OATS CREDIT UNION

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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

1952

Legal Domicile

Principal Officer

HEATHER LEMKE

Phone

3193957060

Tax Period

2025-01-01 to 2025-12-31

QUAKER OATS CREDIT UNION, founded in 1952, is a small nonprofit that reported $753K in total revenue in fiscal year 2025. The organization ran a surplus of $188K, a strong 25% operating margin.

Mission

TO BE A SAFE AND SOUND CREDIT UNION. LENDING AND SAVINGS.

Program Service Accomplishments

Program 1

Expenses: $564,747 Revenue: $467,137

THE ORGANIZATION SERVES APPROXIMATELY 1,305 MEMBERS FOR LOANS AND SAVINGS IN 2025. THE ORGANIZATIONS LARGEST EXPENSE IS DIVIDEND EXPENSE PAID ON SHARE ACCOUNTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $399,038

Investment Income $284,801

Other Revenue $69,326

TOTAL REVENUE $753,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,288

Fundraising Expenses $0

Program Expenses $564,747

Other Expenses $356,459

TOTAL EXPENSES $564,747

Year-over-Year Comparison

	2025	2024	Change
Revenue	$753,165	$768,193	0.0%
Expenses	$564,747	$592,621	0.0%
Net Income	$188,418	$175,572	+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

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

$79,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN ELLIOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN OWENS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RON DEARBORN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRAD DVORAK	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIN JONES	AUDIT COMMITTEE CHAIRMAN	1.00	Director	$0	$0	$0
CECIL HANKINS	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
ELLEN SENNETT	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
MIKE HENRY	CREDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
BRIDGET ANDERSON	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
HEATHER LEMKE	CEO	48.00	Officer	$71,284	$7,722	$79,006

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	$753,165	$564,747	$12,927,469	$188,418
2024	$768,193	$592,621	$12,240,235	$175,572
2023	$778,731	$604,959	$12,155,371	$173,772
2022	$512,984	$488,304	$12,021,764	$24,680
2021	$494,944	$486,394	$13,295,600	$8,550
2020	$516,853	$462,088	$12,526,686	$54,765
2019	$629,396	$526,219	$10,141,490	$103,177
2018	$595,941	$491,841	$9,656,934	$104,100