CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION (EIN 381586641) - 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

MARK RICHTER

Phone

9899105135

Tax Period

2025-01-01 to 2025-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $19.5M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 17% operating margin.

Mission

TO PROVIDE AFFORDABLE, HIGH QUALITY, COMPLETE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES AND TO FOSTER CONTINUED GROWTH AND STABILITY OF THE CREDIT UNION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,442,945

Investment Income $2,014,293

Other Revenue $34,761

TOTAL REVENUE $19,491,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,502,253

Fundraising Expenses $0

Other Expenses $9,664,821

TOTAL EXPENSES $16,167,074

Year-over-Year Comparison

	2025	2024	Change
Revenue	$19,491,999	$16,685,370	+0.2%
Expenses	$16,167,074	$13,678,307	+0.2%
Net Income	$3,324,925	$3,007,063	+0.1%

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

$1,295,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK RICHTER	CEO	40.00	Officer	$389,385	$52,460	$441,845
MICHELLE ROSS	CFO	40.00	Officer	$188,276	$37,963	$226,239
KELLY MCCARTY-TUBBS	Vice President	40.00	Officer	$180,637	$34,137	$214,774
TAMMY SCHWALM	COO	40.00	Officer	$181,379	$32,030	$213,409
PHILIP JACQUES	Vice President	40.00	Officer	$163,692	$35,516	$199,208
STEPHEN WITT	Chairman	1.00	Director	$0	$0	$0
ERIC HAMP	Treasurer	1.00	Director	$0	$0	$0
KOREEN PRAY	Secretary	1.00	Director	$0	$0	$0
KAREN WIETZKE	Director	1.00	Director	$0	$0	$0
MEGAN BARNES	Director	1.00	Director	$0	$0	$0
LAURIE HULL	Director	1.00	Director	$0	$0	$0
THOMAS MOREAU	Director	1.00	Director	$0	$0	$0
DAVE DENBOER	Director	1.00	Director	$0	$0	$0
MARK DERYLO	Director	1.00	Director	$0	$0	$0
ANTHONY RUSSO	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	$19,491,999	$16,167,074	$260,763,763	$3,324,925
2024	$16,685,370	$13,678,307	$241,687,217	$3,007,063
2023	$14,223,900	$11,411,090	$223,678,189	$2,812,810
2022	$6,424,637	$5,473,395	$165,934,065	$951,242
2021	$5,105,160	$5,124,890	$172,432,183	$-19,730
2020	$5,319,736	$5,090,784	$144,874,154	$228,952
2019	$5,495,996	$5,029,681	$119,342,377	$466,315
2018	$5,206,069	$4,681,545	$116,766,906	$524,524

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN NORTH CENTRAL AREA CREDIT UNION