MEMBERS ADVANTAGE CREDIT UNION (EIN 396062826) - 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

1932

Legal Domicile

Principal Officer

THOMAS BULIN

Phone

7154211610

Tax Period

2024-01-01 to 2024-12-31

MEMBERS ADVANTAGE CREDIT UNION, founded in 1932, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 23% operating margin.

Mission

A MEMBER-OWNED FINANCIAL ORGANIZATION DEDICATED TO: MEETING THE CHANGING NEEDS OF MEMBERS IN FRIENDLY & PROFESSIONAL MANNER; PROVIDING A VARIETY OF COMPETITIVELY PRICED FINANCIAL PRODUCTS & FINANCIAL PRODUCTS & SERVICES; & MAINTAINING THE CREDIT UNION'S LONG-TERM STABILITY.

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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 $9,487,515

Investment Income $517,642

Other Revenue $0

TOTAL REVENUE $10,005,157

Expense Breakdown

Grants Paid $8,681

Salaries & Benefits $2,608,049

Fundraising Expenses $0

Other Expenses $2,995,732

TOTAL EXPENSES $7,735,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,005,157	$8,588,004	+0.2%
Expenses	$7,735,019	$7,242,734	+0.1%
Net Income	$2,270,138	$1,345,270	+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

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

$745,912

Total Directors

$9,010

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SCHARFF	CHAIR	1.00	Officer Director	$2,640	$0	$2,640
GARY PHILLIPS	VICE-CHAIR	1.00	Officer Director	$1,120	$0	$1,120
RONALD SCHWANZ	TREASURER	1.00	Officer Director	$980	$0	$980
JOE BREDL	DIRECTOR	1.00	Director	$1,050	$0	$1,050
MARY ELLEN SCHARFF	DIRECTOR	1.00	Director	$1,050	$0	$1,050
JOHN UTTERMARK	DIRECTOR	1.00	Director	$1,050	$0	$1,050
RICH WATERS	DIRECTOR	1.00	Director	$1,120	$0	$1,120
THOMAS BULIN	CEO	40.00	Officer	$295,739	$49,684	$345,423
SCOTT VANDEHEY	EVP	40.00	Officer	$169,151	$26,371	$195,522
TAMMY SCHWEBACH-ERDMAN	CFO	40.00	Officer	$163,976	$34,526	$198,502
LEANNE PEARSON	SECRETARY	1.00	Officer	$1,725	$0	$1,725

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
2025	No data	No data	No data	No data
2024	$10,005,157	$7,735,019	$181,990,211	$2,270,138
2023	$8,588,004	$7,242,734	$181,844,551	$1,345,270
2022	$6,911,306	$5,558,833	$178,612,382	$1,352,473
2021	$6,836,184	$5,305,464	$169,003,881	$1,530,720
2020	$7,562,804	$5,750,322	$145,968,452	$1,812,482
2019	$7,087,108	$5,364,094	$122,415,246	$1,723,014
2018	$6,441,156	$4,488,189	$112,153,172	$1,952,967

MEMBERS ADVANTAGE CREDIT UNION