MIDWEST COMMUNITY CREDIT UNION (EIN 420860407) - 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

1956

Legal Domicile

Principal Officer

MICHAEL HORNER

Phone

4024942073

Tax Period

2023-01-01 to 2023-12-31

MIDWEST COMMUNITY CREDIT UNION, founded in 1956, is a small nonprofit that reported $693K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 385% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $422,985

Investment Income $270,124

Other Revenue $0

TOTAL REVENUE $693,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,277

Fundraising Expenses $0

Other Expenses $3,163,654

TOTAL EXPENSES $3,362,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$693,109	$1,051,356	-0.3%
Expenses	$3,362,931	$963,262	+2.5%
Net Income	$-2,669,822	$88,094	-31.3%

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
STEVE AMBROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY KAY AUGUSTINE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE BALDWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY ELY	BOARD MEMBER	1.00	Director	$0	$0	$0
LINNEY FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM GATES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GENGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCGREGOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY MILLER	BOARD MEMBER	1.00	Director	$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
2023	$693,109	$3,362,931	No data	$-2,669,822
2022	$1,051,356	$963,262	$44,520,720	$88,094
2021	$1,044,793	$1,075,539	$42,501,220	$-30,746
2020	$1,032,894	$944,983	$35,849,395	$87,911
2019	$1,087,526	$913,156	$30,459,622	$174,370
2018	$1,026,856	$865,046	$29,634,688	$161,810

MIDWEST COMMUNITY CREDIT UNION