MIDLAND CREDIT UNION (EIN 420816632) - 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

1933

Legal Domicile

Principal Officer

MINDY COOPER

Phone

5152781994

Tax Period

2024-01-01 to 2024-12-31

MIDLAND CREDIT UNION, founded in 1933, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 9% surplus.

Mission

PEOPLE HELPING PEOPLE; LOW COST LOANS, LOW COST SHARES AND SHARE DRAFTS, CERTIFICATES OF DEPOSIT WITH RATES ABOVE BANKS.

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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 $4,644,018

Investment Income $1,134,460

Other Revenue $129,691

TOTAL REVENUE $5,908,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,591,128

Fundraising Expenses $0

Program Expenses $5,364,662

Other Expenses $3,773,534

TOTAL EXPENSES $5,364,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,908,169	$4,659,923	+0.3%
Expenses	$5,364,662	$4,455,396	+0.2%
Net Income	$543,507	$204,527	+1.7%

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

N/A

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

$416,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK WIMLER	CHAIR	2.00	Officer Director	$0	$0	$0
RYAN BHATTACHARYYA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIFFANY MENKE	SECRETARY	1.00	Officer Director	$0	$0	$0
TROY WHITE	BOARD CFO	1.00	Officer Director	$0	$0	$0
LINDA GAST	AUDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
STEVEN CORREA	CREDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JOHN COLBY	DIRECTOR	1.00	Director	$0	$0	$0
KIM KNOLL	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HASS	CEO	48.00	Officer	$206,326	$30,620	$236,946
MINDY COOPER	CFO	48.00	Officer	$152,787	$26,648	$179,435

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
2024	$5,908,169	$5,364,662	$96,595,408	$543,507
2023	$4,659,923	$4,455,396	$80,969,879	$204,527
2022	$3,470,213	$3,410,674	$76,091,305	$59,539
2021	$3,069,905	$2,804,900	$71,007,624	$265,005
2020	$2,953,085	$2,808,947	$62,441,065	$144,138
2019	$2,981,206	$2,784,043	$54,333,029	$197,163
2018	$2,919,135	$2,810,247	$53,202,747	$108,888

MIDLAND CREDIT UNION