MICHIGAN CREDIT UNION LEAGUE (EIN 380826778) - 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

1941

Legal Domicile

Principal Officer

WENDY VADNAIS

Phone

7347933420

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN CREDIT UNION LEAGUE, founded in 1941, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Net assets of $85.9M represent 199 months of operating reserves.

Mission

PROVIDE ADVOCACY AND SUPPORT TO HELP CREDIT UNIONS SUCCEED AND ENRICH THE LIVES OF THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,127,977

Investment Income $2,042,527

Other Revenue $0

TOTAL REVENUE $5,170,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,444,805

Fundraising Expenses $0

Other Expenses $2,816,395

TOTAL EXPENSES $5,261,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,170,504	$5,384,543	0.0%
Expenses	$5,261,200	$5,285,000	0.0%
Net Income	$-90,696	$99,543	-1.9%

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

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

$769,419

Total Directors

Key Employees

$233,524

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN TRUDEAU	CHAIR/AT LARGE DIRECTOR	0.50	Officer Director	$0	$0	$0
CARMA PETERS	VICE CHAIR/DIRECTOR	0.50	Officer Director	$0	$0	$0
DREMA ISAAC	TREASURER/SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
HEATHER LUCIANI	DIRECTOR	0.50	Director	$0	$0	$0
CHRISSY SIDERS	ALTERNATE DIRECTOR	0.50	Director	$0	$0	$0
ANDY KEMPF	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN BAMFORD	ALTERNATE DIRECTOR	0.50	Director	$0	$0	$0
DON MILLS	DIRECTOR EFF 6/2023	0.50	Director	$0	$0	$0
JENNY HOYLE	ALTERNATE DIRECTOR EFF 6/2023	0.50	Director	$0	$0	$0
CONNIE TOENSING	DIRECTOR	0.50	Director	$0	$0	$0
JOY HILL	ALTERNATE DIRECTOR EFF 11/2023	0.50	Director	$0	$0	$0
JEFF BENSON	DIRECTOR	0.50	Director	$0	$0	$0
BRAD BERGMOOSER	ALTERNATE DIRECTOR	0.50	Director	$0	$0	$0
KELLI WISNER-FRANK	ALTERNATE DIRECTOR	0.50	Director	$0	$0	$0
ADAM JOHNSON	AT LARGE DIRECTOR	0.50	Director	$0	$0	$0
TOM KUSLIKIS	ALTERNATE DIRECTOR EFF 6/23 - 8/23	0.50	Director	$0	$0	$0
TIM BENECKE	DIRECTOR THRU 6/2023	0.50	Director	$0	$0	$0
JIM VENESKEY	ALTERNATE DIRECTOR THRU 8/2023	0.50	Director	$0	$0	$0
PATRICIA CORKERY	PRESIDENT/CEO	45.00	Officer	$455,911	$35,363	$491,274
WENDY VADNAIS	CFO	5.00	Officer	$264,795	$13,350	$278,145
KIERAN MARION	EVP ADVOCACY	50.00	Key Emp	$205,501	$28,023	$233,524
RENEE WERTH	EVP LEAGUE SERVICES	37.50	Highest	$212,782	$13,158	$225,940

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	No data	No data	No data	No data
2023	$5,170,504	$5,261,200	$88,158,406	$-90,696
2022	$5,384,543	$5,285,000	$87,201,262	$99,543
2021	$4,235,709	$4,366,336	$88,338,400	$-130,627
2020	$1,919,365	$4,215,638	$82,943,190	$-2,296,273
2019	$8,184,449	$7,979,089	$78,143,425	$205,360
2018	$4,047,667	$7,695,871	$78,214,974	$-3,648,204

MICHIGAN CREDIT UNION LEAGUE