IOWA CREDIT UNION LEAGUE

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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

1933

Legal Domicile

Principal Officer

TRAVIS SCHIPPER

Phone

5152213000

Tax Period

2024-01-01 to 2024-12-31

IOWA CREDIT UNION LEAGUE, founded in 1933, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.4M exceeded revenue, resulting in a 134% operating deficit.

Mission

THE IOWA CREDIT UNION LEAGUE (ICUL) IS THE NON-PROFIT TRADE ASSOCIATION THAT REPRESENTS THE INTERESTS OF IOWA'S CREDIT UNIONS. ICUL WAS ESTABLISHED IN 1933 AND CONTINUES TO FOCUS ON OUR MISSION "TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED." ICUL PROVIDES THE FOLLOWING SERVICES TO IOWA CREDIT UNIONS: LEGISLATIVE ADVOCACY, REGULATORY COMPLIANCE, PUBLIC AFFAIRS, PROFESSIONAL DEVELOPMENT AND MANAGEMENT CONSULTING.

Program Service Accomplishments

Program 1

LEGISLATIVE ADVOCACY - WORK TO SECURE A FAIR AND FAVORABLE LEGISLATIVE ENVIRONMENT FOR IOWA CREDIT UNIONS THROUGH PROFESSIONAL LOBBYING, COALITION BUILDING, GRASSROOTS ORGANIZATION AND THE CREDIT...

LEGISLATIVE ADVOCACY - WORK TO SECURE A FAIR AND FAVORABLE LEGISLATIVE ENVIRONMENT FOR IOWA CREDIT UNIONS THROUGH PROFESSIONAL LOBBYING, COALITION BUILDING, GRASSROOTS ORGANIZATION AND THE CREDIT UNION POLITICAL ACTION COMMITTEE.

Program 2

REGULATORY COMPLIANCE - MONITOR REGULATORY ISSUES, FIELD COMPLIANCE QUESTIONS AND PROVIDE STRATEGIC DIRECTION CONCERNING CREDIT UNION COMPLIANCE ISSUES.

Program 3

PUBLIC AFFAIRS AND MARKETING - THE PUBLIC RELATIONS AND MARKETING DEPARTMENT WORKS CLOSELY WITH CREDIT UNIONS TO DISSEMINATE PERTINENT INFORMATION TO THE MEDIA AND COMMUNITY ABOUT IOWA CREDIT UNIONS AND NEW DEVELOPMENTS IN THE INDUSTRY. ALSO SERVES AS THE RESOURCE FOR COMMUNITY AND MEDIA RELATIONS, MARKETING THE CREDIT BRAND, AND THE ANNUAL ADVOCACY CAMPAIGN.

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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 $575,200

Program Service Revenue $1,314,821

Investment Income $4,985

Other Revenue $0

TOTAL REVENUE $1,895,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $555,567

Fundraising Expenses $0

Other Expenses $3,884,398

TOTAL EXPENSES $4,439,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,895,006	$1,617,276	+0.2%
Expenses	$4,439,965	$4,444,811	0.0%
Net Income	$-2,544,959	$-2,827,535	-0.1%

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

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

$1,927,124

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MURRAY WILLIAMS	CEO	10.00	Officer	$282,317	$201,248	$1,330,518
TRAVIS SCHIPPER	CFO	10.00	Officer	$112,393	$123,037	$572,606
JAIMIE MILLER-ACKLEY	VICE PRESIDENT	40.00	Highest	$163,929	$60,368	$224,297
SCOTT ZAHNLE	CHAIRMAN	1.00	Officer Director	$0	$0	$12,000
JEFF HAYES	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$12,000
MATT DODDS	DIRECTOR THRU 8/24	1.00	Director	$0	$0	$0
GREG HANSHAW	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KLAVITTER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MERTENS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MORONEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK PETERS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PINGEL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMI WEEMS	DIRECTOR	1.00	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
2024	$1,895,006	$4,439,965	$87,439,487	$-2,544,959
2023	$1,617,276	$4,444,811	$88,690,449	$-2,827,535
2022	$1,695,127	$4,382,938	$88,859,297	$-2,687,811
2021	$1,308,674	$3,821,975	$106,193,438	$-2,513,301
2020	$2,817,444	$4,827,348	$110,516,210	$-2,009,904
2019	$1,758,194	$4,102,906	$111,062,979	$-2,344,712
2018	$2,654,996	$5,822,309	$112,046,621	$-3,167,313