NORTHLAND COMMUNITY CREDIT UNION (EIN 446013311) - 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

1934

Legal Domicile

Principal Officer

EDWARD WATTS

Phone

8164528375

Tax Period

2021-01-01 to 2021-12-31

NORTHLAND COMMUNITY CREDIT UNION, founded in 1934, is a small nonprofit that reported $399K in total revenue in fiscal year 2021.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,498

Investment Income $130,235

Other Revenue $1,679

TOTAL REVENUE $399,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,216

Fundraising Expenses $0

Other Expenses $215,955

TOTAL EXPENSES $417,171

Year-over-Year Comparison

	2021	2020	Change
Revenue	$399,412	$411,997	0.0%
Expenses	$417,171	$429,338	0.0%
Net Income	$-17,759	$-17,341	+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

$227,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI GIBSON	CHAIRPERSON	1.00	Director	$0	$0	$0
MARILYN KULMUS	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
MARION RICONO	TREASURER	1.00	Director	$0	$0	$0
JOHN SHANK	SECRETARY	1.00	Director	$0	$0	$0
JANET LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY TAYLOR	PRESIDENT	40.00	Officer	$223,107	$4,497	$227,604

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
2021	$399,412	$417,171	No data	$-17,759
2020	$411,997	$429,338	$11,428,345	$-17,341
2019	$417,677	$412,261	$10,019,104	$5,416
2018	$411,540	$395,635	$9,537,442	$15,905

NORTHLAND COMMUNITY CREDIT UNION