Great Lakes Credit Union Inc

EIN: 346523886

Sylvania, OH

Total Revenue
$67,933
Total Expenses
$119,097
Total Assets
N/A
Net Assets
N/A
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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
1997
Legal Domicile
OH
Phone
4192465911
Tax Period
2019-01-01 to 2019-12-31

Great Lakes Credit Union Inc, founded in 1997, is a micro nonprofit that reported $68K in total revenue in fiscal year 2019. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 75% operating deficit.

Mission

Great Lakes Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $54,042
Investment Income $13,891
Other Revenue $0
TOTAL REVENUE $67,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,104
Fundraising Expenses $0
Program Expenses $88,561
Other Expenses $82,993
TOTAL EXPENSES $119,097

Year-over-Year Comparison

2019 2018 Change
Revenue $67,933 $1,197,511 -0.9%
Expenses $119,097 $1,588,178 -0.9%
Net Income $-51,164 $-390,667 -0.9%
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

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Governance

Voting Members
4
Independent Members
3
Employees
6
Volunteers
3

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
0
$0
Total Directors
4
$12,928
Key Employees
1
$12,928
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Larch Chairperson of Board 1
Director
$0 $0 $0
Frank Brahier Treasurer of Board 1
Director
$0 $0 $0
John Benya Director 1
Director
$0 $0 $0
David Seeger Secretary of Board, Chief Executive Officer 40
Director Key Emp Highest
$12,578 $350 $12,928
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
2019 $67,933 $119,097 No data $-51,164
2018 $1,197,511 $1,588,178 $22,588,393 $-390,667
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