CREDIT UNION CHARTERED IN THE STATE OF M COMMUNITY ALLIANCE CREDIT UNION (EIN 386140970) - 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

1966

Legal Domicile

Principal Officer

MICHELE WOLLARD

Phone

8002870046

Tax Period

2022-01-01 to 2022-12-31

CREDIT UNION CHARTERED IN THE STATE OF M COMMUNITY ALLIANCE CREDIT UNION, founded in 1966, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 164% operating deficit.

Mission

THE PURPOSE OF COMMUNITY ALLIANCE CREDIT UNION IS TO PROVIDE COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO THEIR MEMBERSHIP ACCORDING TO THE MICHIGAN CREDIT UNION ACT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,762,724

Investment Income $-2,293,016

Other Revenue $37,895

TOTAL REVENUE $2,507,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,683,432

Fundraising Expenses $0

Other Expenses $3,928,726

TOTAL EXPENSES $6,612,158

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,507,603	$5,364,091	-0.5%
Expenses	$6,612,158	$5,051,672	+0.3%
Net Income	$-4,104,555	$312,419	-14.1%

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

$884,995

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY RAYMOR	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD BUISON	DIRECTOR	1.00	Director	$0	$0	$0
MARK LABERGE	DIRECTOR	1.00	Director	$0	$0	$0
MARION STEFFEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ZALEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JANE MUSZYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
KATHY BIRCHFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SANBORN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE WOLLARD	CEO	40.00	Officer	$218,068	$291,098	$509,166
ANDREA BADICS	CFO	40.00	Officer	$153,296	$33,367	$186,663
STEPHEN SCHMITT	CXO	40.00	Officer	$168,227	$20,939	$189,166
TARA CLINE	AVP MEMBER EXPERIENCE	40.00	Highest	$106,238	$20,037	$126,275

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
2022	$2,507,603	$6,612,158	No data	$-4,104,555
2021	$5,364,091	$5,051,672	$111,639,090	$312,419
2020	$5,906,807	$5,965,519	$105,197,644	$-58,712
2019	$7,200,404	$7,024,626	$93,618,161	$175,778
2018	$7,507,838	$7,591,946	$97,827,941	$-84,108

CREDIT UNION CHARTERED IN THE STATE OF M COMMUNITY ALLIANCE CREDIT UNION