DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ONE DETROIT CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 49% operating margin.
THE MISSION OF ONE DETROIT CREDIT UNION IS TO HELP PEOPLE IN OUR COMMUNITY WHO HAVE BEEN OVERLOOKED BY THE MAINSTREAM BANKING SYSTEM BY PROVIDING THEM WITH CREDIBLE, FAIR, AND REASONABLY PRICED FINANCIAL PRODUCTS AND SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $15,957,635 | $7,879,637 | +1.0% |
| Expenses | $8,204,182 | $7,485,838 | +0.1% |
| Net Income | $7,753,453 | $393,799 | +18.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAI BOWMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK HERON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE ZOBEL | CHAIRMAN OF THE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY ASKEW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKAI GREEN | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| TIFFANY VANTINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA ROBERSON | VICE CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| REGINA GREEAR | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOANN TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HANK HUBBARD | PRESIDENT/CEO | 40.00 |
Officer
|
$332,135 | $45,669 | $377,804 |
| CHARLES PRUETT | CFO | 40.00 |
Officer
|
$38,693 | $0 | $38,693 |
| SHAVONE GILSTRAP | VP/HUMAN RESOURCES | 40.00 |
Highest
|
$119,338 | $38,076 | $157,414 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $15,957,635 | $8,204,182 | $59,628,783 | $7,753,453 |
| 2022 | $7,879,637 | $7,485,838 | $54,815,437 | $393,799 |
| 2021 | $8,815,139 | $6,229,438 | $56,648,084 | $2,585,701 |
| 2020 | $6,100,032 | $6,325,042 | $50,654,437 | $-225,010 |
| 2019 | $7,469,062 | $7,235,503 | $39,634,142 | $233,559 |
| 2018 | $7,597,817 | $7,611,807 | $36,254,598 | $-13,990 |
Compare ONE DETROIT CREDIT UNION with other nonprofits in Michigan and across the country.