AREA SCHOOLS CREDIT UNION

EIN: 450279071

Grand Forks, ND

Total Revenue
$1,678,108
Total Expenses
$1,676,113
Total Assets
$27,126,029
Net Assets
$26,970,652
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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
1958
Legal Domicile
ND
Principal Officer
Eve Booen
Phone
7017722690
Tax Period
2025-01-01 to 2025-12-31

AREA SCHOOLS CREDIT UNION, founded in 1958, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Net assets of $27.0M represent 193 months of operating reserves.

Mission

TO PROVIDE A SAVINGS FACILITY AND LOANS AND FINANCIAL SERVICES TO THE APPROX.2828 MEMBERS 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,336,053
Investment Income $342,055
Other Revenue $0
TOTAL REVENUE $1,678,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $612,193
Fundraising Expenses $0
Program Expenses $1,586,113
Other Expenses $791,201
TOTAL EXPENSES $1,676,113

Year-over-Year Comparison

2025 2024 Change
Revenue $1,678,108 $1,744,048 0.0%
Expenses $1,676,113 $1,725,634 0.0%
Net Income $1,995 $18,414 -0.9%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
12
Volunteers
9

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
0
$0
Total Directors
1
$112,500
Key Employees
1
$112,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Constance Johnston CEO 40
Director Key Emp
$112,500 $0 $112,500
Jonathan Vonesh Board Chair 0
$0 $0 $0
Kevin Niceswanger Vice-Chair 0
$0 $0 $0
Shea Gaier Board Member 0
$0 $0 $0
Atif Mohammad Board Member 0
$0 $0 $0
Desiree Peterson Board Member 0
$0 $0 $0
Kelly Sander Board Member 0
$0 $0 $0
Scott Nelson Board Member 0
$0 $0 $0
Joe Garceau Board Member 0
$0 $0 $0
Lynn Kadlec Board Member 0
$0 $0 $0
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
2025 $1,678,108 $1,676,113 $27,126,029 $1,995
2024 $1,744,048 $1,725,634 $26,537,389 $18,414
2023 $1,408,377 $1,349,330 $26,192,112 $59,047
2022 $1,393,920 $1,081,352 $25,897,356 $312,568
2021 $1,280,242 $1,061,368 $27,129,124 $218,874
2020 $1,275,312 $1,061,531 $25,312,573 $213,781
2019 $1,313,258 $987,782 $23,682,011 $325,476
2018 $1,167,346 $847,062 $23,634,088 $320,284
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