THE MUNICIPAL CREDIT UNION (EIN 420428002) - 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

1938

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

THE MUNICIPAL CREDIT UNION, founded in 1938, is a small nonprofit that reported $683K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $110K, a strong 16% operating margin.

Mission

STATE CHARTERED CREDIT UNION

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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 $619,801

Investment Income $63,273

Other Revenue $0

TOTAL REVENUE $683,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,787

Fundraising Expenses $0

Program Expenses $572,881

Other Expenses $362,094

TOTAL EXPENSES $572,881

Year-over-Year Comparison

	2021	2020	Change
Revenue	$683,074	$779,473	-0.1%
Expenses	$572,881	$604,295	-0.1%
Net Income	$110,193	$175,178	-0.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA BOETGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KAVANAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN SOUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MCWILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DON TROMETER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MIKE HAMM	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MONETTE HARBECK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MICHALEEN KIMSEY	CEO	0.00	Highest	$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	$683,074	$572,881	$22,423,037	$110,193
2020	$779,473	$604,295	$20,700,124	$175,178
2019	$853,574	$673,691	$17,269,400	$179,883
2018	$795,090	$635,231	$17,412,420	$159,859

THE MUNICIPAL CREDIT UNION