DAKOTA PLAINS CREDIT UNION (EIN 450278483) - 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

1941

Legal Domicile

Principal Officer

JEANNE WITT

Phone

7014932334

Tax Period

2023-01-01 to 2023-12-31

DAKOTA PLAINS CREDIT UNION, founded in 1941, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $889K, a strong 16% 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 $5,313,725

Investment Income $350,717

Other Revenue $0

TOTAL REVENUE $5,664,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,174,872

Fundraising Expenses $0

Other Expenses $2,600,920

TOTAL EXPENSES $4,775,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,664,442	$4,666,653	+0.2%
Expenses	$4,775,792	$3,660,039	+0.3%
Net Income	$888,650	$1,006,614	-0.1%

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

$327,106

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN TOAY	VICE CHAIRMAN	1.00	Officer Director	$1,300	$0	$1,300
KENT SCHIMKE	CHAIRMAN	1.00	Officer Director	$1,300	$0	$1,300
LAVERNE ANDERSON	DIRECTOR	1.00	Director	$1,300	$0	$1,300
GARITT IREY	DIRECTOR	1.00	Director	$800	$0	$800
DION WEICHEL	SECRETARY	1.00	Officer Director	$800	$0	$800
JEANNE WITT	PRESIDENT	40.00	Officer	$163,098	$26,338	$189,436
LISA MATHERN	FINANCE/HR MANAGER	40.00	Officer	$104,077	$30,193	$134,270
CODY MUSLAND	AG/COMMERCIAL LOAN MANAGER	40.00	Highest	$121,327	$26,603	$147,930
JAMES PETERSON	AG LOAN OFFICER	40.00	Highest	$101,554	$19,696	$121,250

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	$5,664,442	$4,775,792	$93,434,859	$888,650
2022	$4,666,653	$3,660,039	$91,981,100	$1,006,614
2021	$4,324,040	$3,434,921	$89,884,808	$889,119
2020	$4,155,844	$3,814,895	$88,943,587	$340,949
2019	$4,284,518	$3,864,294	$81,382,236	$420,224
2018	$4,102,697	$3,678,462	$77,737,264	$424,235

DAKOTA PLAINS CREDIT UNION