MIDLAND CO-OP CREDIT UNION

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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

1955

Legal Domicile

Phone

7635721368

Tax Period

2021-01-01 to 2021-10-31

MIDLAND CO-OP CREDIT UNION, founded in 1955, is a small nonprofit that reported $234K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $273K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide the best possible financial and ancillary services to the members in good faith and in the mutual interests of both the member and the Credit Union

Program Service Accomplishments

Program 1

Dividends paid on member's Share Savings and Christmas Club Accounts

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $202,153

Investment Income $31,511

Other Revenue $0

TOTAL REVENUE $233,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,723

Fundraising Expenses $0

Program Expenses $0

Other Expenses $181,527

TOTAL EXPENSES $273,148

Year-over-Year Comparison

	2021	2020	Change
Revenue	$233,664	$285,598	-0.2%
Expenses	$273,148	$281,180	0.0%
Net Income	$-39,484	$4,418	-9.9%

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

Total Directors

Key Employees

$73,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Lindman	Manager	40	Key Emp	$58,582	$15,155	$73,737
Patricia A Brazier	Treasurer	2	Officer Director	$0	$0	$0
Kathleen Carey	Secretary	2	Officer Director	$0	$0	$0
Janet Kramer	President	2	Officer Director	$0	$0	$0
John Puchtel	Director	2	Officer Director	$0	$0	$0
Michelle Brazier	Director	2		$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
2021	$233,664	$273,148	No data	$-39,484
2020	$285,598	$281,180	$10,757,852	$4,418
2019	$314,309	$312,943	$9,309,849	$1,366
2018	$284,790	$279,315	$9,566,961	$5,475