CONSERVATION EMPLOYEES' CREDIT UNI… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

KEVIN BRUESEKE

Phone

5734152220

Tax Period

2024-01-01 to 2024-12-31

CONSERVATION EMPLOYEES' CREDIT UNION, founded in 1955, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.9M left a modest 9% surplus.

Mission

THE MEMBER-OWNED CONSERVATION EMPLOYEES' CREDIT UNION EXISTS TO SERVE THE MEMBERS IN THE BEST WAY POSSIBLE WITHIN THE CONSTRAINTS OF MAINTAINING A SOUND FINANCIAL INSTITUTION BY: 1. PROVIDING THE HIGHEST INTEREST RATES POSSIBLE FOR DEPOSITS, 2. PROVIDING THE LOWEST INTEREST RATES FOR LOANS, 3. PROVIDING FREE SERVICES WHENEVER POSSIBLE AND 4. PROVIDING EXEMPLARY MEMBER SERVICE.

Program Service Accomplishments

Program 1

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 9,267 MEMBERS.

Program 2

PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, LOANS OUTSTANDING TOTALED $117,413,342.

Program 3

PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $2,866,431 FOR THE YEAR.

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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 $6,313,490

Investment Income $1,335,887

Other Revenue $15,379

TOTAL REVENUE $7,664,756

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $1,641,928

Fundraising Expenses $0

Other Expenses $5,301,670

TOTAL EXPENSES $6,949,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,664,756	$6,814,765	+0.1%
Expenses	$6,949,598	$6,064,013	+0.1%
Net Income	$715,158	$750,752	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

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

$280,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER GREEN	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
RICHARD WEHNES	CHAIRPERSON	1.00	Director	$0	$0	$0
CARL HAUSER	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER RIGGERT	DIRECTOR	1.00	Director	$0	$0	$0
LARRY YAMNITZ	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS	MCLAIN	1.00	Director	$0	$0	$0
KEVIN BRUESEKE	PRESIDENT	40.00	Officer	$230,684	$49,780	$280,464

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	$7,664,756	$6,949,598	$169,028,327	$715,158
2023	$6,814,765	$6,064,013	$156,286,179	$750,752
2022	$5,300,078	$4,294,995	$153,622,154	$1,005,083
2021	$4,756,080	$4,058,682	$149,922,463	$697,398
2020	$4,711,493	$4,137,979	$135,099,255	$573,514
2019	$4,699,797	$4,285,700	$117,254,574	$414,097
2018	$4,414,860	$3,690,130	$112,043,984	$724,730

CONSERVATION EMPLOYEES' CREDIT UNION