Mid-Kansas Credit Union (EIN 480592445) - 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

1947

Legal Domicile

Principal Officer

Stacey Corwin

Phone

6203452980

Tax Period

2024-01-01 to 2024-12-31

Mid-Kansas Credit Union, founded in 1947, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 4% surplus.

Mission

Provide financial services for mutual purposes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,245,596

Investment Income $426,258

Other Revenue $0

TOTAL REVENUE $4,671,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,387,306

Fundraising Expenses $0

Program Expenses $4,477,421

Other Expenses $3,090,115

TOTAL EXPENSES $4,477,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,671,854	$3,909,689	+0.2%
Expenses	$4,477,421	$3,848,474	+0.2%
Net Income	$194,433	$61,215	+2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Stucky	Chairman	1	Officer Director	$0	$0	$0
Elaine Schmidt	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Jason Kaufman	Director	1	Director	$0	$0	$0
Mike Prieb	Director	1	Director	$0	$0	$0
Adam Robb	Vice Chairman	1	Officer Director	$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
2024	$4,671,854	$4,477,421	$78,350,753	$194,433
2023	$3,909,689	$3,848,474	$82,613,137	$61,215
2022	$3,087,816	$2,861,464	$75,203,380	$226,352
2021	$2,764,777	$2,442,278	$67,003,141	$322,499
2020	$2,335,250	$2,136,972	$58,817,393	$198,278
2019	$2,252,306	$2,019,613	$53,350,452	$232,693
2018	$2,136,132	$1,934,741	$52,762,235	$201,391

Mid-Kansas Credit Union