MICHIGAN CREDIT UNION FOUNDATION

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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

BETH TROOST

Phone

7347933420

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN CREDIT UNION FOUNDATION, founded in 1954, is a small nonprofit in the Public & Societal Benefit sector that reported $433K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 44% operating margin.

Mission

COOPERATIVELY EMPOWERING CREDIT UNIONS TO INCREASE FINANCIAL WELL-BEING BY SUPPORTING COMMUNITY ENRICHMENT, FINANCIAL EDUCATION, AND CREDIT UNION DEVELOPMENT INITIATIVES

Program Service Accomplishments

Program 1

Expenses: $225,822

PROVIDE AWARDS, GRANTS AND SCHOLARSHIPS TO ORGANIZATIONS AND INDIVIDUALS ON BEHALF OF THE CREDIT UNION MOVEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $379,720

Program Service Revenue $0

Investment Income $53,027

Other Revenue $0

TOTAL REVENUE $432,747

Expense Breakdown

Grants Paid $208,269

Salaries & Benefits $0

Fundraising Expenses $4,237

Program Expenses $225,822

Other Expenses $33,279

TOTAL EXPENSES $241,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,747	$347,118	+0.2%
Expenses	$241,548	$232,516	+0.0%
Net Income	$191,199	$114,602	+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

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

$138,028

Total Directors

$233,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE GURZYNSKI	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVE BRANDT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISSY SIDERS	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
BRIDGET STAFFILENO	DIRECTOR	5.00	Director	$0	$0	$0
BRENDA LIPPENS	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER MARTINES	DIRECTOR	5.00	Director	$0	$0	$0
TANSLEY STEARNS	DIRECTOR	5.00	Director	$0	$0	$0
DEBI SOUTHWORTH	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER WATSON	DIRECTOR	5.00	Director	$0	$0	$0
CASEY CLARK	DIRECTOR	5.00	Director	$0	$0	$0
KIERAN MARION	DIRECTOR	5.00	Director	$0	$28,023	$233,524
BETH TROOST	EXECUTIVE DIRECTOR	30.00	Officer	$0	$3,029	$65,471
ANDREA TUCKER	FOUNDATION SPECIALIST	30.00	Officer	$0	$16,969	$72,557

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	No data	No data	No data	No data
2023	$432,747	$241,548	$1,284,050	$191,199
2022	$347,118	$232,516	$1,096,082	$114,602
2021	$309,432	$165,222	$994,961	$144,210
2020	$611,348	$440,992	$829,216	$170,356
2019	$256,230	$242,462	$686,028	$13,768
2018	$235,007	$186,513	$651,908	$48,494