GREAT LAKES MEMBERS CREDIT UNION

EIN: 381371682

DEARBORN, MI

Total Revenue
$134,711
Total Expenses
$583,329
Total Assets
N/A
Net Assets
N/A
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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
MI
Principal Officer
ALDO L MARTIN
Phone
3132745030
Tax Period
2018-01-01 to 2018-12-31

GREAT LAKES MEMBERS CREDIT UNION, founded in 1941, is a small nonprofit that reported $135K in total revenue in fiscal year 2018. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $583K exceeded revenue, resulting in a 333% operating deficit.

Mission

TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $95,588
Investment Income $39,123
Other Revenue $0
TOTAL REVENUE $134,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,523
Fundraising Expenses $0
Other Expenses $287,806
TOTAL EXPENSES $583,329

Year-over-Year Comparison

2018 2017 Change
Revenue $134,711 $294,655 -0.5%
Expenses $583,329 $446,591 +0.3%
Net Income $-448,618 $-151,936 +2.0%
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

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Governance

Voting Members
5
Independent Members
4
Employees
5
Volunteers
5

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
2
$67,225
Total Directors
5
$38,481
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN ZAIN CHAIRPERSON 1.00
Director
$0 $0 $0
EDWARD BARTOS VICE CHAIRPERSON 1.00
Director
$0 $0 $0
MARK EATON SECRETARY 1.00
Director
$0 $0 $0
LAWRENCE EATON DIRECTOR 1.00
Director
$0 $0 $0
ALDO L MARTIN GENERAL MANAGER/TREASURER 35.00
Officer Director
$26,880 $11,601 $38,481
MARY JO O'NEILL ASSISTANT MANAGER 35.00
Officer
$22,829 $5,915 $28,744
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
2018 $134,711 $583,329 No data $-448,618
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