MEMBERS ADVANTAGE CREDIT UNION (EIN 356032041) - 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

1962

Legal Domicile

Principal Officer

ROBERT HAVENS

Phone

2198746943

Tax Period

2024-01-01 to 2024-12-31

MEMBERS ADVANTAGE CREDIT UNION, founded in 1962, is a community nonprofit in the Community Improvement sector that reported $6.0M in total revenue in fiscal year 2024.

Mission

STATE CHARTERED CREDIT UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,443,003

Investment Income $1,594,066

Other Revenue $0

TOTAL REVENUE $6,037,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,646,823

Fundraising Expenses $0

Program Expenses $5,861,609

Other Expenses $4,214,786

TOTAL EXPENSES $5,861,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,037,069	$5,655,321	+0.1%
Expenses	$5,861,609	$5,111,935	+0.1%
Net Income	$175,460	$543,386	-0.7%

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

N/A

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

$348,484

Total Directors

$172,129

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PALMER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACK VAN ETTEN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GEORGE KAZMIERCZAK	TREASURER	1.00	Officer Director	$0	$0	$0
BEN NEITZEL	DIRECTOR	1.00	Director	$0	$0	$0
FRAN BRENNAN	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS FISCHER	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT HAVENS	VICE PRESIDENT	1.00	Officer Director	$135,534	$36,595	$172,129
FRANK BEACHNAU	PRESIDENT/CEO	1.00	Officer	$142,171	$34,184	$176,355

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	$6,037,069	$5,861,609	$123,198,834	$175,460
2023	$5,655,321	$5,111,935	$121,447,849	$543,386
2022	$5,006,380	$4,675,619	$126,862,726	$330,761
2021	$4,664,248	$4,488,695	$129,281,584	$175,553
2020	$4,766,757	$4,645,483	$117,534,130	$121,274
2019	$4,945,203	$4,780,604	$99,346,589	$164,599
2018	$4,491,092	$4,218,764	$94,104,884	$272,328

MEMBERS ADVANTAGE CREDIT UNION