NORTHERN STAR CREDIT UNION (EIN 540316051) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1928

Legal Domicile

Principal Officer

JENNIFER RILEY

Phone

7574873474

Tax Period

2024-01-01 to 2024-12-31

NORTHERN STAR CREDIT UNION, founded in 1928, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 5% surplus.

Mission

THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO IT'S MEMBERS IN THE FORM OF CHECKING AND SAVINGS ACCOUNTS, LOANS, AND CERTAIN OTHER FINANCIAL SERVICES.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,001,303

Investment Income $1,061,478

Other Revenue $0

TOTAL REVENUE $5,062,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,011,999

Fundraising Expenses $0

Program Expenses $4,610,915

Other Expenses $2,598,916

TOTAL EXPENSES $4,610,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,062,781	$5,430,804	-0.1%
Expenses	$4,610,915	$5,905,781	-0.2%
Net Income	$451,866	$-474,977	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$187,273

Total Directors

$187,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER RILEY	PRES/CEO/TRE	40.00	Officer Director	$181,036	$6,237	$187,273
CHASE GOODWIN	DIRECTOR	0.25	Director	$0	$0	$0
CRAIG HILL	DIRECTOR	0.25	Director	$0	$0	$0
TIMOTHY JOHNSON	BOARD SECRET	0.25	Director	$0	$0	$0
BERNARD G MATTHEWS	BOARD VICE C	0.25	Director	$0	$0	$0
CHARLES R PARKER	BOARD CHAIRM	0.25	Director	$0	$0	$0
FELICIA SCALES	DIRECTOR	0.25	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	$5,062,781	$4,610,915	$72,589,637	$451,866
2023	$5,430,804	$5,905,781	$76,076,745	$-474,977
2022	$5,112,971	$4,875,606	$81,827,055	$237,365
2021	$5,076,665	$4,732,508	$88,070,820	$344,157
2020	$4,728,563	$4,569,242	$91,167,856	$159,321
2019	$5,405,240	$6,002,682	$83,264,715	$-597,442
2018	$5,493,597	$5,222,346	$88,709,976	$271,251

NORTHERN STAR CREDIT UNION