I M DETROIT DISTRICT CREDIT UNION (EIN 382343764) - 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

1957

Legal Domicile

Principal Officer

CLORINE PARKER

Phone

3132595817

Tax Period

2024-01-01 to 2024-12-31

I M DETROIT DISTRICT CREDIT UNION, founded in 1957, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 76% operating margin.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,368

Investment Income $54,176

Other Revenue $0

TOTAL REVENUE $79,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,076

TOTAL EXPENSES $19,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,544	$63,461	+0.3%
Expenses	$19,076	$16,941	+0.1%
Net Income	$60,468	$46,520	+0.3%

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

N/A

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
Clorine D Parker	Foundation Mgr.	40.00	Officer Director	$0	$0	$0
Kynita Grady	Secretary	1.00	Director	$0	$0	$0
Kenneth L Hollowell	Chairman	1.00	Director	$0	$0	$0
Richard Dixon	Director	1.00	Director	$0	$0	$0
John F Dogan	Director	1.00	Director	$0	$0	$0
Dewitt McGowan Jr	Director	1.00	Director	$0	$0	$0
Debbie Dick	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
2024	$79,544	$19,076	$1,843,218	$60,468
2023	$63,461	$16,941	$1,623,320	$46,520
2022	$36,261	$15,303	$1,547,371	$20,958
2021	$23,828	$15,189	$1,586,959	$8,639
2020	$28,374	$20,968	$1,519,565	$7,406
2019	$44,584	$16,142	$1,394,754	$28,442
2018	$34,765	$20,484	$1,376,702	$14,281

I M DETROIT DISTRICT CREDIT UNION