MEMBERS CHOICE FINANCIAL CREDIT UNION (EIN 240823199) - 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

1954

Legal Domicile

Principal Officer

JAMES M BARBARICH

Phone

5702756155

Tax Period

2020-01-01 to 2020-12-31

MEMBERS CHOICE FINANCIAL CREDIT UNION, founded in 1954, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

OUR CREDIT UNION IS A MEMBER OWNED NOT FOR PROFIT FINANCIAL COOPERATIVE WITH THE MISSION OF PROMOTING THRIFT AND PROVIDING ACCESS TO CREDIT. SPECIFICALLY WE HAVE UNDERSERVED DESIGNATIONS WITHIN OUR CHARTER TO EXTEND OUR SERVICES TO THE UNDERBANKED.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,719,537

Investment Income $607,127

Other Revenue $155,532

TOTAL REVENUE $7,482,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,398,920

Fundraising Expenses $0

Other Expenses $3,851,756

TOTAL EXPENSES $6,250,676

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,482,196	$8,094,858	-0.1%
Expenses	$6,250,676	$6,489,731	0.0%
Net Income	$1,231,520	$1,605,127	-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

$566,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY FASANO	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
MATTHEW HOEGER	BOARD VICE-CHAIR/TREASURER	1.00	Director	$0	$0	$0
DAN ANGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ULMER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS BASTIAN	SRETARY/TREASURER	1.00	Director	$0	$0	$0
RICHARD KNOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES M BARBARICH	CEO	40.00	Officer	$203,089	$30,117	$233,206
JEAN D MILLER	CFO	40.00	Officer	$90,560	$32,391	$122,951
BRIAN W WIKTOR	CLO	40.00	Officer	$86,614	$16,989	$103,603
ELBA ARENAS	CHIEF MEMBER EXPERIENCE OF	40.00	Officer	$101,933	$4,962	$106,895

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
2020	$7,482,196	$6,250,676	$183,106,209	$1,231,520
2019	$8,094,858	$6,489,731	$156,984,854	$1,605,127
2018	$7,297,337	$6,403,884	$151,872,558	$893,453

MEMBERS CHOICE FINANCIAL CREDIT UNION