CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 1142 TEAMSTERS CREDIT UNION (EIN 381876197) - 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

1968

Legal Domicile

Principal Officer

JENNIFER BOROWY

Phone

3139624666

Tax Period

2024-01-01 to 2024-10-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 1142 TEAMSTERS CREDIT UNION, founded in 1968, is a small nonprofit that reported $627K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 72% operating deficit.

Mission

OUR SOLE MISSION IS TO PROVIDE THE HIGHEST QUALITY MEMBER EXPERIENCE. WE ARE PRIVILEGED TO TRANSFORM LIVES BY PROVIDING UNIQUE AND PERSONALIZED FINANCIAL SOLUTIONS FOR OUR MEMBERS. WE WILL ANTICIPATE NEEDS, EXCEED EXPECTATIONS, AND MAKE A POSITIVE LASTING IMPRESSION WITH EVERY MEMBER, EVERY TIME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $505,448

Investment Income $121,994

Other Revenue $0

TOTAL REVENUE $627,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,784

Fundraising Expenses $0

Other Expenses $1,032,164

TOTAL EXPENSES $1,080,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,442	$771,813	-0.2%
Expenses	$1,080,948	$1,093,224	0.0%
Net Income	$-453,506	$-321,411	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY FREEMAN	CHAIRPERSON	1.00	Director	$0	$0	$0
ALEX YOUNG	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JOE VALENTI JR	BOARD SECRETARY	1.00	Director	$0	$0	$0
PAUL KOZICKI	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH KWAPISZ	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HICKS	BOARD MEMBER	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
2024	$627,442	$1,080,948	No data	$-453,506
2023	$771,813	$1,093,224	$15,894,947	$-321,411
2022	$928,690	$773,782	$17,745,372	$154,908
2021	$642,167	$718,194	$17,698,338	$-76,027
2020	$676,354	$759,858	$17,354,580	$-83,504
2019	$859,289	$802,601	$15,217,733	$56,688
2018	$777,693	$742,236	$14,741,052	$35,457

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN 1142 TEAMSTERS CREDIT UNION