CREDIT UNIONS CHARTERED IN THE MI Farm Bureau Family Credit Union (EIN 381400730) - 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

1933

Legal Domicile

Principal Officer

BRANDON BUSSA

Phone

5176795270

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE MI Farm Bureau Family Credit Union, founded in 1933, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 25% operating margin.

Mission

TO PROVIDE LOW COST FINANCIAL SERVICES TO OUR MEMBER OWNERS.

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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 $1,194,602

Investment Income $260,630

Other Revenue $0

TOTAL REVENUE $1,455,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,755

Fundraising Expenses $0

Other Expenses $650,232

TOTAL EXPENSES $1,093,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,455,232	$1,130,865	+0.3%
Expenses	$1,093,987	$957,785	+0.1%
Net Income	$361,245	$173,080	+1.1%

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

$151,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON L BUSSA	CEO	40.00	Officer	$128,089	$22,913	$151,002
NICHOLAS LEWIS	Director	1.00	Director	$0	$0	$0
JAMEY MYERS	Director	1.00	Director	$0	$0	$0
SAMUEL NIELSEN	Director	1.00	Director	$0	$0	$0
STEVEN HUMMER	Treasurer	1.00	Director	$0	$0	$0
SCOTT PIGGOTT	Director	1.00	Director	$0	$0	$0
NICHOLAS OTTNEY	Chairman	1.00	Director	$0	$0	$0
JESSICA FALZON	Secretary	1.00	Director	$0	$0	$0
JULIE SZUBINSKI	Director	1.00	Director	$0	$0	$0
JACK LUNA	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
2025	No data	No data	No data	No data
2024	$1,455,232	$1,093,987	$23,649,890	$361,245
2023	$1,130,865	$957,785	$22,725,001	$173,080
2022	$862,950	$732,086	$23,619,308	$130,864
2021	$730,870	$605,957	$22,403,417	$124,913
2020	$700,874	$594,231	$21,914,538	$106,643
2019	$691,477	$609,173	$18,668,241	$82,304
2018	$629,426	$510,178	$18,076,981	$119,248

CREDIT UNIONS CHARTERED IN THE MI Farm Bureau Family Credit Union