METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC (EIN 060709551) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

KAREN VIETS

Phone

8605609036

Tax Period

2023-01-01 to 2023-12-31

METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC, founded in 1955, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

PROVIDES FINANCIAL SERVICES TO MEMBER OWNERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $914,823

Investment Income $229,960

Other Revenue $0

TOTAL REVENUE $1,144,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,420

Fundraising Expenses $0

Other Expenses $691,414

TOTAL EXPENSES $1,100,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,144,783	$943,824	+0.2%
Expenses	$1,100,834	$888,050	+0.2%
Net Income	$43,949	$55,774	-0.2%

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

$141,116

Total Directors

$141,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN VIETS	CEO/TREASURER	40.00	Officer Director	$135,253	$5,863	$141,116
ROBERT FACEY JR	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
TREVOR PARRIS	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JAMES MASSE	SECRETARY	1.50	Officer Director	$0	$0	$0
DOUGLAS WOODS SR	BOARD MEMBER	0.50	Director	$0	$0	$0
SEBASTIAN FRAELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES DAY	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$1,144,783	$1,100,834	$32,131,533	$43,949
2022	$943,824	$888,050	$30,928,206	$55,774
2021	$864,350	$840,557	$28,442,227	$23,793
2020	$896,909	$918,784	$27,191,066	$-21,875
2019	$944,864	$930,300	$24,818,274	$14,564
2018	$916,745	$887,133	$23,908,359	$29,612

METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC