MICHIGAN ONE CREDIT UNION (EIN 381624824) - 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

1954

Legal Domicile

Principal Officer

HAILIE PATTERSON

Phone

6165273900

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN ONE CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2025. Expenses of $12.6M left a modest 14% surplus.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,146,520

Investment Income $1,562,469

Other Revenue $-64,435

TOTAL REVENUE $14,644,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,444,917

Fundraising Expenses $0

Other Expenses $8,174,522

TOTAL EXPENSES $12,619,439

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,644,554	$13,898,983	+0.1%
Expenses	$12,619,439	$11,858,312	+0.1%
Net Income	$2,025,115	$2,040,671	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

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

$913,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAILIE PATTERSON	CEO	40.00	Officer	$297,557	$69,309	$366,866
ALISHA VANHORN	CFO	40.00	Officer	$152,817	$36,555	$189,372
JACKIE THEBO	Vice President	40.00	Officer	$134,562	$47,564	$182,126
DAWN KETCHUM	COO	40.00	Officer	$151,106	$24,018	$175,124
LON MACLACHLAN	Director	1.00	Director	$0	$0	$0
ABBY STALKER	Director	1.00	Director	$0	$0	$0
ROGER VANDERMOLEN	Treasurer	1.00	Director	$0	$0	$0
MICHAEL WALCZAK	Director	1.00	Director	$0	$0	$0
MALLORY BOWERMAN	Chairman	1.00	Director	$0	$0	$0
ROSEMARY REAMS	Director	1.00	Director	$0	$0	$0
MITCHELL MERCER	Secretary	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	$14,644,554	$12,619,439	$232,171,556	$2,025,115
2024	$13,898,983	$11,858,312	$223,956,482	$2,040,671
2023	$11,245,265	$9,967,232	$211,875,574	$1,278,033
2022	$9,672,809	$7,454,860	$200,006,546	$2,217,949
2021	$8,784,579	$6,624,709	$185,078,724	$2,159,870
2020	$8,171,302	$6,800,618	$162,274,250	$1,370,684
2019	$8,336,794	$7,159,629	$134,226,165	$1,177,165
2018	$7,540,525	$6,224,061	$118,756,456	$1,316,464

MICHIGAN ONE CREDIT UNION