BEAR PAW CREDIT UNION

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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

1942

Legal Domicile

Principal Officer

ALBERT J VUKASIN JR

Phone

4062659626

Tax Period

2022-01-01 to 2022-12-31

BEAR PAW CREDIT UNION, founded in 1942, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 8% surplus.

Mission

OUR CREDIT UNION IS A NOT-FOR-PROFIT MEMBER OWNED FINANCIAL ORGANIZATION. OUR GOALS ARE TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES AND TO PROMOTE THRIFT AND SOUND FINANCIAL MANAGEMENT.

Program Service Accomplishments

Program 1

PRIMARY FINANCIAL SERVICES INCLUDE MEMBER SAVINGS AND LENDING. ADDITIONAL SERVICES PROVIDED INCLUDED COUNSELING, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER...

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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 $5,268,978

Investment Income $-209

Other Revenue $8,206

TOTAL REVENUE $5,276,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,620,940

Fundraising Expenses $0

Other Expenses $2,023,118

TOTAL EXPENSES $4,870,945

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,276,975	$4,622,458	+0.1%
Expenses	$4,870,945	$4,722,532	+0.0%
Net Income	$406,030	$-100,074	-5.1%

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

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

$255,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOWELL SWENSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF JENSEN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLARD FLADAGER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAL WIRTZBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARREN OVERLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT J VUKASIN JR	PRESIDENT/CEO	40.00	Officer	$193,856	$61,351	$255,207
GERRY VEIS	EXECUTIVE VICE PRESIDENT	40.00	Highest	$165,767	$48,307	$214,074
ROGER STONE	VICE PRESIDENT ITS	40.00	Highest	$133,389	$27,688	$161,077

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	$5,276,975	$4,870,945	$144,965,959	$406,030
2021	No data	No data	$127,889,312	No data
2021	$4,622,458	$4,722,532	$144,184,046	$-100,074
2020	$4,748,731	$4,714,792	$128,499,278	$33,939
2019	$5,596,256	$5,459,311	$111,203,057	$136,945
2018	$5,161,122	$4,899,609	$113,468,926	$261,513