INSTEP Credit Union (EIN 720456989) - 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

1948

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

INSTEP Credit Union, founded in 1948, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2022. Expenses of $3.9M left a modest 9% surplus.

Mission

To encourage thrift among its members, creating a source of credit at fair and reasonable rates of interest, providing other financial services, and providing an opportunity for its members to use and control their own money on a democratic basis.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $92,368

Other Revenue $4,204,154

TOTAL REVENUE $4,296,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,359,732

Fundraising Expenses $0

Program Expenses $3,923,874

Other Expenses $2,564,144

TOTAL EXPENSES $3,923,876

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,296,522	$4,237,130	+0.0%
Expenses	$3,923,876	$3,463,077	+0.1%
Net Income	$372,646	$774,053	-0.5%

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

N/A

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

$221,156

Total Directors

Key Employees

$145,282

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helen Delin	President & CEO	45.00	Officer Key Emp	$145,282	$0	$145,282
Joyce Kelley	Chief Financial Officer	40.00	Officer	$75,874	$0	$75,874
Tami Prine	Secretary	3.00	Director	$0	$0	$0
Jesse Hasemkampf	Director	3.00	Director	$0	$0	$0
Sasha Sanders	Director	3.00	Director	$0	$0	$0
Ronald Melnyk	Treasurer	3.00	Director	$0	$0	$0
Emanuel Stevenson	Chairman	3.00	Director	$0	$0	$0
Steven Nelson	Vice Chairman	3.00	Director	$0	$0	$0
Nancy Wolfe	Director	3.00	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
2022	$4,296,522	$3,923,876	$49,616,390	$372,646
2021	$4,237,130	$3,463,077	$49,385,584	$774,053
2020	$4,143,620	$2,968,375	$42,768,365	$1,175,245
2019	$3,643,376	$3,125,186	$36,955,865	$518,190
2018	$2,959,239	$2,751,962	$29,852,004	$207,277

INSTEP Credit Union