MULTI-STATES 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

1976

Legal Domicile

Principal Officer

TAMMY ROWDEN

Phone

4178202931

Tax Period

2024-01-01 to 2024-12-31

MULTI-STATES CREDIT UNION, founded in 1976, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS WHO SHARE OUR COMMON BOND AND EXIST FOR THE FINANCIAL BENEFIT OF THE MEMBERS.

Program Service Accomplishments

Program 1

VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR 14,684 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO...

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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 $4,334,466

Investment Income $434,943

Other Revenue $0

TOTAL REVENUE $4,769,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,257,507

Fundraising Expenses $0

Other Expenses $2,400,192

TOTAL EXPENSES $3,657,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,769,409	$4,285,495	+0.1%
Expenses	$3,657,699	$3,185,591	+0.1%
Net Income	$1,111,710	$1,099,904	+0.0%

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

$132,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BOSS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANE DOUGLAS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CINDY BENNETT	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE PALUBIAK	TREASURER	1.00	Officer Director	$0	$0	$0
JODIE FUGATE	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FAST	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY ROWDEN	MANAGER	40.00	Officer	$114,970	$17,935	$132,905

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	$4,769,409	$3,657,699	$82,562,351	$1,111,710
2023	$4,285,495	$3,185,591	$82,689,452	$1,099,904
2022	$3,619,059	$2,958,765	$86,452,306	$660,294
2021	$3,013,320	$2,796,028	$87,100,295	$217,292
2020	$3,011,698	$2,713,723	$77,564,166	$297,975
2019	$3,223,119	$2,819,965	$62,762,527	$403,154
2018	$2,978,092	$2,682,023	$64,144,699	$296,069