Civic Intelligence

Eaton Employees Credit Union

EIN 41-6036331 • 501(c)14 • Eden Prairie, MN

Profile

Meet our members' needs by providing service with a personal touch, cultivating close relationships, offering financial guidance, and safeguarding our members' assets.

14900 Technology DriveEden Prairie, MN 55344

www.eatoncu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.88x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

10.73x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

2.4%

Higher net margin than 56% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$75,200

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 38.7% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

-16%

Faster asset growth than 38% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

-1.8%

Faster revenue growth than 53% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,366,162

Down $452,209 (-16%) from 2023

Liabilities

Down

$2,084,807

Down $456,795 (-18%) from 2023

Net Assets

Up

$281,355

Up $4,586 (+1.7%) from 2023

Revenue

Down

$194,373

Down $3,510 (-1.8%) from 2023

Expenses

Down

$189,787

Down $2,595 (-1.3%) from 2023

Net Income

Down

$4,586

Down $915 (-17%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,314,783Liabilities 2010: $2,047,218Net Assets 2010: $267,5652010Assets 2011: $2,640,614Liabilities 2011: $2,386,641Net Assets 2011: $253,9732011Assets 2012: $2,667,689Liabilities 2012: $2,405,370Net Assets 2012: $262,3192012Assets 2013: $2,673,943Liabilities 2013: $2,399,582Net Assets 2013: $274,3612013Assets 2014: $2,875,480Liabilities 2014: $2,593,801Net Assets 2014: $281,6792014Assets 2015: $2,887,583Liabilities 2015: $2,621,621Net Assets 2015: $265,9622015Assets 2016: $2,442,712Liabilities 2016: $2,156,265Net Assets 2016: $286,4472016Assets 2017: $2,636,253Liabilities 2017: $2,341,232Net Assets 2017: $295,0212017Assets 2018: $2,476,913Liabilities 2018: $2,171,989Net Assets 2018: $304,9242018Assets 2019: $2,614,023Liabilities 2019: $2,328,954Net Assets 2019: $285,0692019Assets 2020: $2,569,943Liabilities 2020: $2,305,465Net Assets 2020: $264,4782020Assets 2021: $3,017,621Liabilities 2021: $2,753,077Net Assets 2021: $264,5442021Assets 2022: $3,492,218Liabilities 2022: $3,220,950Net Assets 2022: $271,2682022Assets 2023: $2,818,371Liabilities 2023: $2,541,602Net Assets 2023: $276,7692023Assets 2024: $2,366,162Liabilities 2024: $2,084,807Net Assets 2024: $281,3552024

Highlighted filing

2024

Assets$2,366,162
Liabilities$2,084,807
Net Assets$281,355

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $205,0382010Revenue 2011: $191,917Expenses 2011: $203,694Net Income 2011: -$11,7772011Revenue 2012: $209,384Expenses 2012: $201,038Net Income 2012: $8,3462012Revenue 2013: $205,097Expenses 2013: $193,055Net Income 2013: $12,0422013Revenue 2014: $214,260Expenses 2014: $206,943Net Income 2014: $7,3172014Revenue 2015: $235,513Expenses 2015: $251,230Net Income 2015: -$15,7172015Revenue 2016: $194,309Expenses 2016: $173,824Net Income 2016: $20,4852016Revenue 2017: $170,104Expenses 2017: $161,530Net Income 2017: $8,5742017Revenue 2018: $176,919Expenses 2018: $167,016Net Income 2018: $9,9032018Revenue 2019: $167,370Expenses 2019: $187,225Net Income 2019: -$19,8552019Revenue 2020: $144,871Expenses 2020: $165,462Net Income 2020: -$20,5912020Revenue 2021: $138,612Expenses 2021: $138,546Net Income 2021: $662021Revenue 2022: $150,110Expenses 2022: $143,386Net Income 2022: $6,7242022Revenue 2023: $197,883Expenses 2023: $192,382Net Income 2023: $5,5012023Revenue 2024: $194,373Expenses 2024: $189,787Net Income 2024: $4,5862024

Highlighted filing

2024

Revenue$194,373
Expenses$189,787
Net Income$4,586

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$2.08$0.28$0.19$0.19$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$2.54$0.28$0.20$0.19$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$3.22$0.27$0.15$0.14$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$2.75$0.26$0.14$0.14$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$2.31$0.26$0.14$0.17$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$2.33$0.29$0.17$0.19$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$2.17$0.30$0.18$0.17$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$2.34$0.30$0.17$0.16$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$2.16$0.29$0.19$0.17$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$2.62$0.27$0.24$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.88$2.59$0.28$0.21$0.21$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.67$2.40$0.27$0.21$0.19$0.01
2012Summary only. Only limited summary data is available for this year.$2.67$2.41$0.26$0.21$0.20$0.01
2011Summary only. Only limited summary data is available for this year.$2.64$2.39$0.25$0.19$0.20$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$2.05$0.27$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.0
Gross Receipts
$194,373
Mission and Program Overview

Mission

Meet our members' needs by providing service with a personal touch, cultivating close relationships, offering financial guidance, and safeguarding our members' assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,227,496$1,825,393▼ $402,103
Savings and Temporary Cash Investments$484,761$377,890▼ $106,871
Rtn Earn Endowment Incm Other Fnds$276,769$281,355▲ $4,586
Investments Program Related$24,500$74,500▲ $50,000
Cash and Non-Interest-Bearing Accounts$44,862$52,636▲ $7,774
Land, Buildings, and Equipment, Net$5,354$10,550▲ $5,196
Prepaid Expenses and Deferred Charges$-6,230$-5,011▲ $1,219
Total Assets$2,818,371$2,366,162▼ $452,209
Other Assets Total$37,628$30,204▼ $7,424
Liabilities
Other Liabilities$2,504,463$2,046,736▼ $457,727
Accounts Payable and Accrued Expenses$37,139$38,071▲ $932
Total Liabilities$2,541,602$2,084,807▼ $456,795
Net Assets / Fund Balance
Total Net Assets Fund Balance$276,769$281,355▲ $4,586
Total Liabilities and Net Assets / Fund Balance$2,818,371$2,366,162▼ $452,209

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,550$941$11,491
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ann Healey-allenCEOFT$75,200$75,200

Board Members and Trustees

NameTitle
Steve ZumbuschChairman
Brad HimleVice Chair
Brad DiekmannDirector
Stephen SmithDirector
Peter LauerSecretary
Jennifer HuffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$752
Program Service Revenue
$170,795
Investment Income
$22,826
Other Revenue
$0
All Other Contributions
$752
Change in Net Assets
$4,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,708
Salaries, Compensation, and Employee Benefits$81,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$75,200
Office Expenses---$28,765
Insurance---$6,689
Information Technology---$6,349
Fees for Services Accounting---$6,019
Payroll Taxes---$5,879
Other Expenses---$5,544
Advertising---$5,000
Fees for Services Other---$3,762
Conferences and Meetings---$1,600
Depreciation Depletion---$464
Total Functional Expenses$0$0$0$189,787
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$2,046,736
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members. To be a member, one must have a share (savings) account at the credit union.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the credit union members. Each member has one vote.

Form 990, Page 6, Part VI, Line 7B

A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.

Form 990, Page 6, Part VI, Line 11B

Management provides necessary data to independent cpa who completes the return. Management reviews the return for accuracy, and then authorizes cpa to e-file the approved return.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves the compensation for the ceo annually.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available to members upon request.

Filing and Contact Details

Filer

Filer Name
Danfoss Employees Credit Union
EIN
41-6036331
Phone
9529377175
Address
14900 TECHNOLOGY DRIVE, EDEN PRAIRIE, MN 55344

Signing Officer

Name
Ann Healey-allen
Title
CEO
Phone
9529377175
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Healey-allen
Formed
1949
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
10

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Raw XML Appendix320 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANN HEALEY-ALLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09529377175
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DANFOSS EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0DANF
ReturnHeader/Filer/EIN0416036331
ReturnHeader/Filer/PhoneNum09529377175
ReturnHeader/Filer/USAddress/AddressLine1Txt014900 TECHNOLOGY DRIVE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461065712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT WOOKEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546021512
ReturnHeader/PreparerPersonGrp/PhoneNum06087920843
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-26T16:12:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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