nonprofit · EIN 37-0580723 · IL
How much does 1ST MIDAMERICA CREDIT UNION raise and spend?
1ST MIDAMERICA CREDIT UNION (IL, EIN 37-0580723) reported $66.8M in revenue and $59.1M in expenses for tax year 2024, with $112.2M in net assets (22.8 months of reserves). By expenses that ranks 4,084 of 391,588 e-filers, 176 of 14,886 nonprofits in illinois.
What stands out
1ST MIDAMERICA CREDIT UNION (IL, EIN 37-0580723) reported $66.8M in revenue and $59.1M in expenses for tax year 2024, with $112.2M in net assets (22.8 months of reserves). By expenses that ranks 4,084 of 391,588 e-filers, 176 of 14,886 nonprofits in illinois. Against nonprofits with $10M-$100M in expenses: months of reserves 22.8 months, above the peer median of 9.5 months; officer compensation share of expenses 5.5%, above the peer median of 2.6%; contributions share of revenue 0.0%, below the peer median of 12.5%; surplus margin 11.6%, above the peer median of 2.1%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $66.8M | — | $21.4M | $198.5k |
| Total expenses | $59.1M | — | $20.3M | $179.6k |
| Total assets | $1.0B | — | $29.5M | $761.5k |
| Net assets | $112.2M | — | $17.4M | $615.1k |
| Officer compensation (total per organisation) | $3.2M | — | $625.8k | $114.3k |
| Program service revenue share | 88.6% | — | 73.7% | 13.4% |
| Contributions share of revenue | 0.0% | — | 12.5% | 55.6% |
| Officer compensation share of expenses | 5.5% | — | 2.6% | 6.6% |
| Months of reserves | 22.8 months | — | 9.5 months | 12.4 months |
| Surplus margin | 11.6% | — | 2.1% | 4.3% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $66.8M | $59.1M | $112.2M | 22.8 months | $3.2M | 4,084 |
| 2023 | $55.7M | $51.0M | $102.2M | 24.0 months | $3.8M | 7,704 |
| 2022 | $45.3M | $37.8M | $98.8M | 31.4 months | $2.7M | 9,064 |
| 2020 | $44.9M | $41.9M | $87.3M | 25.0 months | $2.3M | 7,513 |
| 2019 | $46.5M | $42.1M | $84.2M | 24.0 months | $1.6M | 7,154 |
| 2018 | $43.7M | $40.3M | $79.8M | 23.7 months | $1.1M | 6,764 |
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