CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 381605779) - 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

2020

Legal Domicile

Principal Officer

Chandra Ashby

Phone

2696846512

Tax Period

2020-01-01 to 2020-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 2020, is a small nonprofit that reported $273K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. Expenses of $312K exceeded revenue, resulting in a 14% operating deficit.

Mission

Credit Union for mutual purposes and without profit to provide share and loan products to its members on a non-profit basis.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,054

Investment Income $20,436

Other Revenue $6,034

TOTAL REVENUE $272,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,875

Fundraising Expenses $0

Program Expenses $7,615

Other Expenses $200,887

TOTAL EXPENSES $311,762

Year-over-Year Comparison

	2020	2019	Change
Revenue	$272,524	$293,120	-0.1%
Expenses	$311,762	$315,984	0.0%
Net Income	$-39,238	$-22,864	+0.7%

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

N/A

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

Total Directors

Key Employees

$48,397

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chandra Ashby	Manager	41	Key Emp	$48,397	$0	$48,397
Jerry Novacek	Vice-President	0	Officer	$0	$0	$0
Kenneth Waggoner	Treasurer	0	Officer	$0	$0	$0
Sharon Harris	Secretary	0	Officer	$0	$0	$0
M Katherine Miller	Supervisory Chair	0	Officer	$0	$0	$0
Cynthia Wetmore	Supervisory	0	Officer	$0	$0	$0
Linda Nania	Supervisory	0	Officer	$0	$0	$0
Kathy Bishop	Supervisory	0	Officer	$0	$0	$0
Richard Kniss	Board Director	0	Officer	$0	$0	$0
Pamela Behm	Board Director	0	Officer	$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
2020	$272,524	$311,762	$5,200,191	$-39,238
2019	$293,120	$315,984	$4,203,224	$-22,864

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN