NORTH EAST KANSAS CREDIT UNION (EIN 486106696) - 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

1958

Legal Domicile

Principal Officer

LARRY SHROPSHIRE

Phone

7856705915

Tax Period

2021-01-01 to 2021-11-30

NORTH EAST KANSAS CREDIT UNION, founded in 1958, is a small nonprofit that reported $542K in total revenue in fiscal year 2021. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $605K exceeded revenue, resulting in a 11% operating deficit.

Mission

NORTH EAST KANSAS CREDIT UNION IS DEDICATED TO THE PHILOSOPHY OF THE CREDIT UNION MOVEMENT: NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE. MEMBERS' ASSETS SHALL BE THE PRIME CONSIDERATION IN THE DEVELOPMENT AND DELIVERY OF SERVICES. THE CREDIT UNION WILL PROVIDE THE BEST AND MOST COST-EFFECTIVE SERVICES WITHOUT CREATING AN UNSAFE CLIMATE FOR THE 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $538,891

Investment Income $1,843

Other Revenue $1,588

TOTAL REVENUE $542,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,457

Fundraising Expenses $0

Other Expenses $334,198

TOTAL EXPENSES $604,655

Year-over-Year Comparison

	2021	2020	Change
Revenue	$542,322	$755,986	-0.3%
Expenses	$604,655	$1,059,592	-0.4%
Net Income	$-62,333	$-303,606	-0.8%

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

$85,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOYD FETTEROLF	BOARD PRESIDENT	1.00	Director	$0	$0	$0
LEROY C CORNELL	BOARD VICE PRESIDENT	1.00	Director	$0	$0	$0
CHARLES ROGERS	BOARD SECRETARY	1.00	Director	$0	$0	$0
SARAH HOLLIS	BOARD TREASURER	1.00	Director	$0	$0	$0
KAREN BOSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA FREEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER FROMAN	PRESIDENT/CEO	40.00	Officer	$78,728	$7,149	$85,877

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
2021	$542,322	$604,655	No data	$-62,333
2020	$755,986	$1,059,592	$9,846,713	$-303,606
2019	$648,376	$688,438	$10,767,314	$-40,062
2018	$414,270	$498,280	$8,062,808	$-84,010

NORTH EAST KANSAS CREDIT UNION