CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION (EIN 380299643) - 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

1937

Legal Domicile

Principal Officer

BRIAN TURMELL

Phone

6164594429

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 19% operating margin.

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS

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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 $9,957,373

Investment Income $1,892,730

Other Revenue $0

TOTAL REVENUE $11,850,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,266,689

Fundraising Expenses $0

Other Expenses $6,320,534

TOTAL EXPENSES $9,587,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,850,103	$10,677,080	+0.1%
Expenses	$9,587,223	$8,233,081	+0.2%
Net Income	$2,262,880	$2,443,999	-0.1%

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

$541,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN TURMELL	CEO	40.00	Officer	$213,792	$34,840	$248,632
TIM KAMPHUIS	CFO	40.00	Officer	$120,797	$31,393	$152,190
VELVER FULLER	Vice President	40.00	Officer	$114,412	$26,387	$140,799
THANE BARDEN	Chairman	1.00	Director	$0	$0	$0
KENNETH HOWE	Director	1.00	Director	$0	$0	$0
DAVE KREMM	Treasurer	1.00	Director	$0	$0	$0
DENNIS ZIOMKOWSKY	Secretary	1.00	Director	$0	$0	$0
GORDON JELTEMA	Director	1.00	Director	$0	$0	$0
JIM ONDERSMA	Director	1.00	Director	$0	$0	$0
RUSS HOWER	Director	1.00	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	$11,850,103	$9,587,223	$194,938,427	$2,262,880
2024	$11,850,103	$9,587,223	$194,938,427	$2,262,880
2023	$10,677,080	$8,233,081	$184,172,237	$2,443,999
2022	$9,335,279	$6,323,874	$187,919,268	$3,011,405
2021	$9,555,157	$6,276,279	$192,355,724	$3,278,878
2020	$10,495,902	$7,049,435	$181,020,522	$3,446,467
2019	$9,693,460	$6,997,091	$150,837,869	$2,696,369
2018	$9,237,735	$6,595,918	$143,224,198	$2,641,817

CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION