ADVENTURE CREDIT UNION (EIN 380855535) - 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

1936

Legal Domicile

Principal Officer

JEROME MAUE

Phone

6162430125

Tax Period

2023-01-01 to 2023-12-31

ADVENTURE CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $25.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.5M left a modest 10% surplus.

Mission

ADVENTURE CREDIT UNION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS MEMBERS INCLUDE INDIVIDUALS WHO ARE EMPLOYED IN OR RETIRED FROM COMMUNICATIONS RELATED ORGANIZATIONS, THE HEALTH CARE INDUSTRY, DISABLED OR WORK WITH THE DISABLED, AND OTHER SELECT EMPLOYEE GROUPS OR THOSE WHO LIVE OR WORK IN ALLEGAN, BARRY, CLINTON, EATON, INGHAM, KENT, LIVINGSTON, NEWAYGO, OTTAWA OR SHIAWASSEE COUNTIES IN MICHIGAN.

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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 $22,517,218

Investment Income $2,494,496

Other Revenue $0

TOTAL REVENUE $25,011,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,535,410

Fundraising Expenses $0

Other Expenses $13,979,237

TOTAL EXPENSES $22,514,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,011,714	$22,480,279	+0.1%
Expenses	$22,514,647	$20,093,597	+0.1%
Net Income	$2,497,067	$2,386,682	+0.0%

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

140

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

$694,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE WINNINGER	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY ARIZOLA	BOARD VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL KUTAS	TREASURER	1.00	Officer Director	$0	$0	$0
SHARI WALDVOGEL	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE BRENEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE KIDD	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA GARABEDIAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$278,491	$24,667	$303,158
JEROME MAUE	CHIEF FINANCIAL OFFICER	40.00	Officer	$194,207	$15,664	$209,871
LISA POSTHUMUS	CHIEF LENDING OFFICER	40.00	Officer	$158,695	$22,705	$181,400
TIMOTHY LOGAN	SVP OF IT	40.00	Highest	$123,325	$21,370	$144,695
MEGAN ANTHONY	SVP OF HR	40.00	Highest	$127,291	$17,285	$144,576
SHANNA SCHNEIDER	VP OF OPERATIONS	40.00	Highest	$123,758	$9,649	$133,407
VEROONICA HOSFORD	VP OF LENDING	40.00	Highest	$113,181	$7,317	$120,498
JULIE HEILKEMA	VP OF MORTGAGES	40.00	Highest	$109,137	$10,735	$119,872
JAMES BIRD	ARIS FINANCIAL MANAGER	40.00	Highest	$173,786	$10,488	$184,274

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	$25,011,714	$22,514,647	$434,891,084	$2,497,067
2022	$22,480,279	$20,093,597	$437,120,346	$2,386,682
2021	$20,782,924	$17,839,648	$438,784,059	$2,943,276
2020	$20,672,643	$17,450,796	$415,888,601	$3,221,847
2019	$20,373,514	$17,812,756	$357,563,327	$2,560,758
2018	$20,014,989	$19,148,402	$373,557,111	$866,587

ADVENTURE CREDIT UNION