MIDLAND CO-OP CREDIT UNION

EIN: 410764721

Minneapolis, MN

Total Revenue
$233,664
Total Expenses
$273,148
Total Assets
N/A
Net Assets
N/A
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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
MN
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

Operated for Members Mutual Benefits

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

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
4
$0
Total Directors
4
$0
Key Employees
1
$73,737
Highest Compensated
0
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
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