CREDIT UNIONS CHARTERED IN THE STATE OF MI 1072 HPC CREDIT UNION (EIN 381362849) - 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

1950

Legal Domicile

Principal Officer

DENNIS WERNER

Phone

9893544698

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MI 1072 HPC CREDIT UNION, founded in 1950, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 19% operating margin.

Mission

TO SERVE AND PROMOTE MEMBERS' PERSONAL FINANCIAL SUCCESS AND TO CONTINUE THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.

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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 $4,945,193

Investment Income $1,874,691

Other Revenue $6,852

TOTAL REVENUE $6,826,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,382,500

Fundraising Expenses $0

Other Expenses $3,145,588

TOTAL EXPENSES $5,528,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,826,736	$5,429,627	+0.3%
Expenses	$5,528,088	$5,319,122	+0.0%
Net Income	$1,298,648	$110,505	+10.8%

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

$683,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS WERNER	CEO	50.00	Officer	$205,818	$22,689	$228,507
JULIE HANSEN	CFO	50.00	Officer	$144,400	$40,836	$185,236
THOMAS HENDRICKS	Vice President	40.00	Officer	$143,721	$28,889	$172,610
CHRISTINE CURLEY	COO	40.00	Officer	$78,181	$19,296	$97,477
JON BENSON	Chairman	1.00	Director	$0	$0	$0
ROBERT ILSLEY	Director	1.00	Director	$0	$0	$0
MARY CRITTENDEN	Director	1.00	Director	$0	$0	$0
MARK LEE	Director	1.00	Director	$0	$0	$0
WILLIAM MISCHLEY	Secretary	1.00	Director	$0	$0	$0
JAMES MALASKI	Treasurer	1.00	Director	$0	$0	$0
ANDREW LAMP	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	$6,826,736	$5,528,088	$153,945,735	$1,298,648
2023	$5,429,627	$5,319,122	$158,016,891	$110,505
2022	$4,415,579	$4,313,394	$163,735,432	$102,185
2021	$4,477,208	$3,670,250	$158,654,438	$806,958
2020	$4,224,932	$3,563,268	$143,285,850	$661,664
2019	$4,242,783	$3,228,796	$123,370,577	$1,013,987
2018	$3,879,019	$2,874,225	$121,792,993	$1,004,794

CREDIT UNIONS CHARTERED IN THE STATE OF MI 1072 HPC CREDIT UNION