THE FAMILY CREDIT UNION (EIN 426061556) - 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

1935

Legal Domicile

Principal Officer

JERI POELL

Phone

5633888328

Tax Period

2024-01-01 to 2024-12-31

THE FAMILY CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $13.6M left a modest 11% surplus.

Mission

STATE CHARTERED CREDIT UNION

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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 $13,099,468

Investment Income $2,236,791

Other Revenue $0

TOTAL REVENUE $15,336,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,876,866

Fundraising Expenses $0

Other Expenses $9,706,915

TOTAL EXPENSES $13,583,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,336,259	$13,600,208	+0.1%
Expenses	$13,583,781	$11,302,232	+0.2%
Net Income	$1,752,478	$2,297,976	-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

101

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

Total Directors

$2,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HULSBRINK	PRESIDENT/CE	40.00		$158,412	$17,366	$175,778
JIM BICKFORD	BOARD MEMBER	5.00	Director	$2,584	$0	$2,584
KENIA ALARCON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BUCKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RON DIEKMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL FREDENBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HORAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE LANGE	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY OLSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DON SCHNAUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN ZARN	BOARD MEMBER	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	$15,336,259	$13,583,781	$257,732,978	$1,752,478
2023	$13,600,208	$11,302,232	$241,893,849	$2,297,976
2022	$10,254,548	$9,027,756	$238,738,568	$1,226,792
2021	$10,220,177	$8,349,458	$221,910,415	$1,870,719
2020	$9,636,696	$7,874,958	$203,327,804	$1,761,738
2019	$9,469,377	$7,550,572	$169,307,580	$1,918,805
2018	$8,446,705	$6,810,648	$155,806,846	$1,636,057

THE FAMILY CREDIT UNION