SAGINAW COUNTY EMPLOYEES CREDIT UNION (EIN 381541806) - 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

1956

Legal Domicile

Principal Officer

TERRY GARRISON

Phone

9897939188

Tax Period

2023-01-01 to 2023-12-31

SAGINAW COUNTY EMPLOYEES CREDIT UNION, founded in 1956, is a small nonprofit that reported $972K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $229K, a strong 24% operating margin.

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

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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 $611,375

Investment Income $360,585

Other Revenue $0

TOTAL REVENUE $971,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,122

Fundraising Expenses $0

Other Expenses $430,374

TOTAL EXPENSES $742,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$971,960	$1,539,701	-0.4%
Expenses	$742,496	$1,431,124	-0.5%
Net Income	$229,464	$108,577	+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

$72,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY GARRISON	CEO	40.00	Officer	$59,621	$13,149	$72,770
DAVID CABLE	Chairman	1.00	Director	$0	$0	$0
KENNETH TESAURO	Director	1.00	Director	$0	$0	$0
DEBORAH TUBB	Director	1.00	Director	$0	$0	$0
TERRY BOSWELL	Treasurer	1.00	Director	$0	$0	$0
TIMOTHY NINEMIRE	Director	1.00	Director	$0	$0	$0
WENDY WACHOWICZ	Secretary	1.00	Director	$0	$0	$0
TOBIAS WEBBER	Director	0.00	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
2023	$971,960	$742,496	No data	$229,464
2022	$1,539,701	$1,431,124	$45,813,664	$108,577
2021	$1,387,727	$1,273,496	$47,171,281	$114,231
2020	$1,544,440	$1,383,489	$44,018,957	$160,951
2019	$1,665,595	$1,373,899	$37,874,770	$291,696
2018	$1,584,385	$1,297,414	$35,940,596	$286,971

SAGINAW COUNTY EMPLOYEES CREDIT UNION