TLC COMMUNITY CREDIT UNION

EIN: 381524325

ADRIAN, MI

Total Revenue
$40,573,625
Total Expenses
$30,822,747
Total Assets
$784,182,164
Net Assets
$87,641,713
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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
1956
Legal Domicile
MI
Principal Officer
JEFF BREHMER
Phone
5174239120
Tax Period
2024-01-01 to 2024-12-31

TLC COMMUNITY CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $40.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.8M, a strong 24% operating margin.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,777,306
Investment Income $12,794,762
Other Revenue $1,557
TOTAL REVENUE $40,573,625

Expense Breakdown

Grants Paid $211,213
Salaries & Benefits $10,700,259
Fundraising Expenses $0
Other Expenses $19,911,275
TOTAL EXPENSES $30,822,747

Year-over-Year Comparison

2024 2023 Change
Revenue $40,573,625 $34,438,890 +0.2%
Expenses $30,822,747 $24,660,197 +0.2%
Net Income $9,750,878 $9,778,693 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

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Governance

Voting Members
7
Independent Members
7
Employees
170
Volunteers
12

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
$611,774
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SPOHR CHAIRPERSON 2.00
Director
$0 $0 $0
LISA WEDDIE DIRECTOR 1.00
Director
$0 $0 $0
TROY BEVIER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD EGLI VICE CHAIRPERSON 1.00
Director
$0 $0 $0
JOE MURPHY TREASURER 1.00
Director
$0 $0 $0
MARK BRUGGEMAN DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH FRANCIS SECRETARY 1.00
Director
$0 $0 $0
JEFF BREHMER CEO 40.00
Officer
$349,302 $118,522 $467,824
JENNIFER FROST SR VP FINANCE 40.00
Officer
$128,049 $15,901 $143,950
MICHAEL ZARNECKI SVP OPERATIONS 40.00
Highest
$156,224 $38,801 $195,025
PAUL CORAZZOL SVP INFORMATION SERVICES 40.00
Highest
$162,677 $44,784 $207,461
BAILEY DAMON VP BRANCH OPERATIONS 40.00
Highest
$107,016 $13,261 $120,277
ALYCIA NICHOLS EVP-OPERATIONS & LENDING 40.00
Highest
$183,965 $48,672 $232,637
LINDA TOMFORD VP HUMAN RESOURCES 40.00
Highest
$112,291 $13,816 $126,107
RANDALL SMITH FORMER CEO 40.00
$139,323 $0 $139,323
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 $40,573,625 $30,822,747 $784,182,164 $9,750,878
2023 $34,438,890 $24,660,197 $715,763,418 $9,778,693
2022 $27,618,251 $19,570,980 $686,921,237 $8,047,271
2021 $25,132,877 $17,903,074 $694,874,887 $7,229,803
2020 $25,031,152 $17,477,827 $636,871,324 $7,553,325
2019 $23,593,571 $17,302,860 $525,006,530 $6,290,711
2018 $21,421,735 $16,170,537 $483,457,759 $5,251,198
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