DAKOTA WEST CREDIT UNION (EIN 450226725) - 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

1991

Legal Domicile

Principal Officer

ANDREW DOWNER

Phone

7014446484

Tax Period

2023-01-01 to 2023-12-31

DAKOTA WEST CREDIT UNION, founded in 1991, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 15% operating margin.

Mission

NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,325,326

Investment Income $3,480,965

Other Revenue $1,646,217

TOTAL REVENUE $13,452,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,767,988

Fundraising Expenses $0

Other Expenses $5,637,328

TOTAL EXPENSES $11,405,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,452,508	$11,117,111	+0.2%
Expenses	$11,405,316	$10,145,113	+0.1%
Net Income	$2,047,192	$971,998	+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

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

$599,179

Total Directors

$17,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY BREW	CHAIRPERSON	1.00	Officer Director	$3,600	$0	$3,600
KARLA QUALE JANUARY - AUGUST	VICE CHAIRPERSON	1.00	Officer Director	$2,400	$0	$2,400
ANDREW FISHER	SECRETARY	1.00	Officer Director	$3,600	$0	$3,600
LYNN OBERG	DIRECTOR	1.00	Director	$3,600	$0	$3,600
TY ROLFSRUD	DIRECTOR	1.00	Director	$3,600	$0	$3,600
ALLISON HILLEREN OCTOBER - DECEMBER	VICE CHAIRPERSON	1.00	Officer Director	$900	$0	$900
JEFF MEYER	CEO	40.00	Officer	$411,377	$30,459	$441,836
ANDREW DOWNER	CFO	40.00	Officer	$128,699	$18,144	$146,843
JAMES BOURGOIS	IT MANAGER	40.00	Highest	$118,727	$24,921	$143,648
JEFFREY REITER	CHIEF CREDIT OFFICER	40.00	Highest	$161,548	$13,677	$175,225
BROCK ROMINE	COMMERCIAL LENDING MANAGER	40.00	Highest	$117,054	$17,782	$134,836

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	$13,452,508	$11,405,316	$307,138,706	$2,047,192
2022	$11,117,111	$10,145,113	$325,469,516	$971,998
2021	$10,075,740	$8,647,111	$299,186,425	$1,428,629
2020	$10,089,638	$8,951,151	$274,661,662	$1,138,487
2019	$11,126,881	$8,393,833	$264,129,987	$2,733,048
2018	$10,586,516	$8,093,353	$268,282,097	$2,493,163

DAKOTA WEST CREDIT UNION