LEE CO CREDIT UNION (EIN 421316581) - 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

1966

Legal Domicile

Principal Officer

MARK RULON

Tax Period

2024-01-01 to 2024-12-31

LEE CO CREDIT UNION, founded in 1966, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. The organization ran a surplus of $50K, a strong 24% operating margin.

Mission

PROVISION OF A LIMITED RANGE OF FINANCIAL SERVICES TO ITS MEMBERS. ANYONE WHO LIVES OR WORKS IN LEE COUNTY, IOWA IS ELIGIBLE FOR MEMBERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $177,605

Investment Income $35,543

Other Revenue $0

TOTAL REVENUE $213,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,002

Fundraising Expenses $0

Program Expenses $162,152

Other Expenses $72,924

TOTAL EXPENSES $162,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,148	$212,397	+0.0%
Expenses	$162,926	$151,631	+0.1%
Net Income	$50,222	$60,766	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA WINKLER	SECRETARY	0.00	Director	$0	$0	$0
PAT SEAVER	AUDIT COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
SCOTT RAGAR	CREDIT COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
JOE KIRCHNER	DIRECTOR	0.00	Director	$0	$0	$0
MOLLAH KETTERER	AUDIT COMMITTEE	0.00	Director	$0	$0	$0
LELAND SEAVER	VICE CHAIRMAN	0.00	Director	$0	$0	$0
THOMAS KETTERER	CHIEF FINANCIAL OFFICER	0.00	Director	$0	$0	$0
MARK RULON	BOARD CHAIRMAN	0.00	Officer	$0	$0	$0
KELLY FETT	MANAGER	40.00	Key Emp	$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	No data	No data	No data	No data
2024	$213,148	$162,926	$3,304,966	$50,222
2023	$212,397	$151,631	$3,421,089	$60,766
2022	$169,962	$142,216	$3,828,052	$27,746
2021	$132,203	$127,444	$3,557,404	$4,759
2020	$144,752	$138,591	$3,361,480	$6,161

LEE CO CREDIT UNION