WESTACRES CREDIT UNION

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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

MARKELL SEITZMAN

Phone

2483634376

Tax Period

2023-01-01 to 2023-12-31

WESTACRES CREDIT UNION, founded in 1936, is a small nonprofit in the Public & Societal Benefit sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $196K left a modest 3% surplus.

Mission

THE WESTACRES CREDIT UNION'S PURPOSE IS TO PROVIDE COMPETITIVE SHARE DEPOSITS AND LOAN PRODUCTS TO OUR MEMBERSHIP BASE ACCORDING TO THE MICHIGAN CREDIT UNION ACT.

Program Service Accomplishments

Program 1

OUR SERVICES INCLUDE SHARES AND LOANS (MORTGAGES, AUTO, SHARE, AND UNSECURED).

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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 $48,527

Investment Income $153,590

Other Revenue $0

TOTAL REVENUE $202,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,742

Fundraising Expenses $0

Other Expenses $155,877

TOTAL EXPENSES $195,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,117	$115,476	+0.8%
Expenses	$195,619	$114,815	+0.7%
Net Income	$6,498	$661	+8.8%

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

$20,841

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKELL SEITZMAN	CHAIRPERSON/PRESIDENT	1.00	Officer Director	$0	$0	$0
TR FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
CARL GODELL	VICE CHAIRPERSON/VICE PRES	1.00	Officer Director	$0	$0	$0
ELIAS ESCOBEDO	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE PATTERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB PAULSON	DIRECTOR	1.00	Director	$0	$0	$0
TERESA JABLONSKI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ORRICO	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MILZ	MANAGER	8.00	Officer	$20,841	$0	$20,841

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	No data	No data	No data	No data
2023	$202,117	$195,619	$7,352,860	$6,498
2022	$115,476	$114,815	$7,868,958	$661
2021	$111,086	$108,884	$7,475,804	$2,202