UNITED SAVINGS CREDIT UNION (EIN 450226667) - 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

JIM SCHAEFBAUER

Phone

7012352382

Tax Period

2023-01-01 to 2023-12-31

UNITED SAVINGS CREDIT UNION, founded in 1935, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 11% surplus.

Mission

BUILDING YOUR FINANCIAL FREEDOM THROUGH TRUSTED RELATIONSHIPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,557,822

Investment Income $721,588

Other Revenue $0

TOTAL REVENUE $5,279,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,299,036

Fundraising Expenses $0

Other Expenses $2,380,516

TOTAL EXPENSES $4,679,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,279,410	$4,118,860	+0.3%
Expenses	$4,679,552	$3,838,759	+0.2%
Net Income	$599,858	$280,101	+1.1%

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

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

$214,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BURNMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAHL	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEFF SCHMIDT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICK MAJERUS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HANSEN	CHAIRMAN	4.00	Officer Director	$0	$0	$0
DOREEN KLOMSTAD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SCHAEFBAUER	PRESIDENT/CEO	40.00	Officer	$184,942	$29,878	$214,820

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	No data	No data	No data	No data
2023	$5,279,410	$4,679,552	$93,251,857	$599,858
2022	$4,118,860	$3,838,759	$81,665,733	$280,101
2021	$4,086,272	$3,672,897	$81,344,893	$413,375
2020	$3,904,109	$3,652,454	$76,581,168	$251,655
2019	$4,031,337	$3,792,730	$70,367,403	$238,607
2018	$3,594,215	$3,040,440	$69,496,631	$553,775

UNITED SAVINGS CREDIT UNION