WHEAT STATE CREDIT UNION (EIN 486111926) - 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

1963

Legal Domicile

Principal Officer

DOUG CHEATUM

Phone

3166874101

Tax Period

2024-01-01 to 2024-12-31

WHEAT STATE CREDIT UNION, founded in 1963, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

COOPERATIVE FINANCIAL INSTITUTION (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 $2,225,816

Investment Income $74,338

Other Revenue $7,833

TOTAL REVENUE $2,307,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $653,763

Fundraising Expenses $0

Other Expenses $1,893,183

TOTAL EXPENSES $2,546,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,307,987	$2,274,023	+0.0%
Expenses	$2,546,946	$2,183,290	+0.2%
Net Income	$-238,959	$90,733	-3.6%

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

$154,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LELAND BITTLE	CHAIRPERSON	1.00	Director	$0	$0	$0
LARRY GRAY	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LINDA BURNSIDE	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JO LAFLEUR	BOARD MEMBER	1.00	Director	$0	$0	$0
FORREST EHMKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES HAYES	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG CHEATUM	PRESIDENT/CEO	40.00	Officer	$130,961	$23,239	$154,200

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	$2,307,987	$2,546,946	$22,387,404	$-238,959
2023	$2,274,023	$2,183,290	$23,529,648	$90,733
2022	$1,999,955	$1,852,150	$24,510,704	$147,805
2021	$1,993,886	$1,615,342	$23,509,307	$378,544
2020	$1,714,990	$1,552,520	$22,695,201	$162,470
2019	$1,741,659	$1,559,549	$18,943,002	$182,110
2018	$1,770,459	$1,692,222	$19,109,676	$78,237

WHEAT STATE CREDIT UNION