COMMUNITY BANKERS OF MICHIGAN

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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

1974

Legal Domicile

Principal Officer

JAMES NORTH

Phone

5173364430

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY BANKERS OF MICHIGAN, founded in 1974, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENCOURAGE, DEVELOP AND PROTECT THE COMMUNITY BANKING INDUSTRY THROUGHOUT THE DIVERSE COMMUNITIES OF MICHIGAN

Program Service Accomplishments

Program 1

TO ENCOURAGE, DEVELOP AND PROTECT THE COMMUNITY BANKING INDUSTRY THROUGHOUT THE DIVERSE COMMUNITIES OF MICHIGAN

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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 $365,397

Program Service Revenue $813,776

Investment Income $46,087

Other Revenue $72,833

TOTAL REVENUE $1,298,093

Expense Breakdown

Grants Paid $19,461

Salaries & Benefits $818,018

Fundraising Expenses $0

Other Expenses $742,065

TOTAL EXPENSES $1,579,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,298,093	$1,397,116	-0.1%
Expenses	$1,579,544	$1,327,848	+0.2%
Net Income	$-281,451	$69,268	-5.1%

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

$424,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
CORTNEY COLLISON	DIRECTOR	1.00	Director	$0	$0	$0
MISHELLE COMSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
MARK KOLANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
NEIL MCDONNELL	DIRECTOR	1.00	Director	$0	$0	$0
WILL OLDFORD	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS OUELLETTE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID C WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BILL HUFNAGEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KUS	GENERAL COUNSEL	1.00	Director	$0	$0	$0
MICHAEL J TIERNEY	PRESIDENT/CEO	40.00	Officer	$348,400	$0	$348,400
JAMES NORTH	PRESIDENT/CEO BEGIN 10/2024	40.00	Officer	$75,600	$0	$75,600
KELLY POTES	CHAIR AND ICBA FEDERAL DELEGATE	1.00	Officer	$0	$0	$0
D SCOTT HINES	CHAIR ELECT	1.00	Officer	$0	$0	$0
DAN BITZER	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
KEVIN COLLISON	IMMEDIATE PAST CHAIR	1.00	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
2024	$1,298,093	$1,579,544	$1,137,511	$-281,451
2023	$1,397,116	$1,327,848	$1,422,407	$69,268
2022	$1,190,769	$1,111,903	$1,361,105	$78,866
2021	$1,453,064	$1,163,885	$1,273,976	$289,179
2020	$864,651	$911,166	$1,236,113	$-46,515
2019	$1,059,855	$1,035,206	$1,265,038	$24,649
2018	$1,044,635	$972,162	$1,259,669	$72,473