MAWC 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

1940

Legal Domicile

Principal Officer

GINA USSELTON

Phone

3149962399

Tax Period

2019-01-01 to 2019-12-31

MAWC CREDIT UNION, founded in 1940, is a micro nonprofit that reported $85K in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year. Expenses of $75K left a modest 12% surplus.

Mission

OWNED, CONTROLLED, & OPERATED FOR THE BENEFIT OF OUR MEMBERS, MAWC CREDIT UNION IS A NOT-FOR-PROFIT COOPERATIVE, COMMITTED TO PROVIDING FAST, FRIENDLY, RELIABLE SERVICE. WE OFFER COMPETITIVE LENDING RATES AND EXCELLENT DIVIDENDS. WE SEEK TO DELIVER A RANGE OF LOW COST PRODUCTS THAT WILL SUSTAIN GROWTH AND SERVE THE BEST INTEREST OF OUR MEMBERS WHILE MAINTAINING FINANCIAL STABILITY.

Program Service Accomplishments

Program 1

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 526 MEMBERS.

Program 2

PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2019, THERE WERE 107 LOANS OUTSTANDING TOTALING $1,402,442.

Program 3

PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $4,566 FOR THE YEAR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,926

Investment Income $21,458

Other Revenue $0

TOTAL REVENUE $85,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,985

Fundraising Expenses $0

Other Expenses $37,292

TOTAL EXPENSES $75,277

Year-over-Year Comparison

	2019	2018	Change
Revenue	$85,384	$90,635	-0.1%
Expenses	$75,277	$72,909	+0.0%
Net Income	$10,107	$17,726	-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

$21,765

Total Directors

$6,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN HANNEKAN	PRESIDENT	1.00	Director	$0	$0	$0
DAWN SPINK	VICE PRESIDENT	1.00	Director	$0	$0	$0
LANCE THOMPSON	SECRETARY	1.00	Director	$0	$0	$0
CLARA FAATZ	TREASURER	1.00	Director	$0	$0	$0
LYNETTE KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE E BOLDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN SCOTT	SECRETARY/MANAGER (THRU APRIL 2019)	20.00	Officer Director	$6,945	$0	$6,945
GINA USSELTON	MANAGER (CURRENT)	20.00	Officer	$14,820	$0	$14,820

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
2019	$85,384	$75,277	$2,410,250	$10,107
2018	$90,635	$72,909	$2,610,639	$17,726