MINNEQUA WORKS CREDIT UNION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

1936

Legal Domicile

Principal Officer

DAVID PURFIELD

Phone

7195446928

Tax Period

2025-01-01 to 2025-12-31

MINNEQUA WORKS CREDIT UNION, founded in 1936, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $14.5M in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $12.5M left a modest 14% surplus.

Mission

PROVIDE FINANCIAL SERVICES TO ITS MEMBERS IN THE FORM OF COMPETITIVE LOAN RATES, SAVINGS RATES, MORTGAGE LENDING, CHECKING ACCOUNTS, AND DEBIT/CREDIT CARDS.

Program Service Accomplishments

Program 1

PROVIDE TO THE MEMBERS A COMPETITIVE RATE ON FUNDS DEPOSITED AND LOWER COST LOANS TO MEMBERS FOR BORROWED FUNDS.

Program 2

PROVIDE TO THE CREDIT UNION MEMBERS CREDIT CARDS AND DEBIT CARDS FOR THEIR FINANCIAL SERVICE BENEFITS.

Program 3

PROVIDE TO THE CREDIT UNION MEMBERS SHARE DRAFT ACCOUNTS FOR THEIR FINANCIAL CONVENIENCE AND SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,834,376

Investment Income $4,667,961

Other Revenue $0

TOTAL REVENUE $14,502,337

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $3,981,094

Fundraising Expenses $0

Other Expenses $8,461,272

TOTAL EXPENSES $12,472,366

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,502,337	$11,733,660	+0.2%
Expenses	$12,472,366	$10,150,543	+0.2%
Net Income	$2,029,971	$1,583,117	+0.3%

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

$21,600

Total Directors

Key Employees

$208,427

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN CAPE	CEO	50.00	Key Emp	$208,427	$0	$208,427
GREG SMITH	CHAIRMAN OF	1.00	Officer	$2,400	$0	$2,400
DAVE ANDERSON	VICE CHAIRMA	1.00	Officer	$2,400	$0	$2,400
GLORIA BOWSER	TREASURER	1.00	Officer	$2,400	$0	$2,400
CHARLIE DAVIS	DIRECTOR	1.00	Officer	$2,400	$0	$2,400
JOHN SHRIVER	DIRECTOR	1.00	Officer	$2,400	$0	$2,400
MARILYN RHOADES	DIRECTOR	1.00	Officer	$2,400	$0	$2,400
JAYNE RENKOSIK	DIRECTOR	1.00	Officer	$2,400	$0	$2,400
ELLEN MAHONEY	DIRECTOR	1.00	Officer	$2,400	$0	$2,400
JOEY FALBO	DIRECTOR	1.00	Officer	$2,400	$0	$2,400

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
2025	$14,502,337	$12,472,366	$265,866,046	$2,029,971
2024	$11,733,660	$10,150,543	$246,429,826	$1,583,117
2023	$9,391,147	$8,040,641	$248,270,789	$1,350,506
2022	$7,236,388	$5,876,098	$233,607,050	$1,360,290
2021	$7,220,159	$5,734,855	$238,940,287	$1,485,304
2020	$7,770,432	$6,238,526	$221,715,624	$1,531,906
2019	$7,975,777	$6,274,658	$190,734,024	$1,701,119
2018	$7,399,440	$5,647,687	$182,239,766	$1,751,753