WAKARUSA VALLEY CREDIT UNION (EIN 480645092) - 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

1956

Legal Domicile

Principal Officer

DENISE BONNER

Phone

7858651201

Tax Period

2024-01-01 to 2024-12-31

WAKARUSA VALLEY CREDIT UNION, founded in 1956, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 90% operating deficit.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,065

Investment Income $11,753

Other Revenue $0

TOTAL REVENUE $105,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,077

Fundraising Expenses $0

Other Expenses $127,406

TOTAL EXPENSES $201,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,818	$134,229	-0.2%
Expenses	$201,483	$245,155	-0.2%
Net Income	$-95,665	$-110,926	-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

$59,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MITCHELL	PRESIDENT	2.00	Director	$0	$0	$0
CATHERINE SCRUGGS	VICE PRESIDENT	2.00	Director	$0	$0	$0
STEVE BONEBRAKE	SECRETARY	2.00	Director	$0	$0	$0
DEBORAH GUNSELMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DENISE BONNER	MANAGER	35.00	Officer	$59,481	$0	$59,481

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	$105,818	$201,483	No data	$-95,665
2023	$134,229	$245,155	$2,187,282	$-110,926
2022	$168,357	$165,516	$2,793,027	$2,841
2021	$140,793	$137,029	$3,131,009	$3,764
2020	$133,183	$144,045	$2,616,950	$-10,862
2019	$133,460	$162,918	$2,599,235	$-29,458
2018	$136,250	$186,491	$2,949,150	$-50,241

WAKARUSA VALLEY CREDIT UNION