MULTIPLI 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

1934

Legal Domicile

Principal Officer

GREG SNYDER

Phone

4178653912

Tax Period

2024-01-01 to 2024-07-31

MULTIPLI CREDIT UNION, founded in 1934, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $31.6M exceeded revenue, resulting in a 1500% operating deficit.

Mission

WE EXIST TO PROVIDE AFFORDABLE, QUALITY FINANCIAL SERVICES FOR THE MEMBERS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR 11,602 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,614,127

Investment Income $-2,667,463

Other Revenue $25,931

TOTAL REVENUE $1,972,595

Expense Breakdown

Grants Paid $24,552,560

Salaries & Benefits $2,005,549

Fundraising Expenses $0

Other Expenses $5,000,569

TOTAL EXPENSES $31,558,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,972,595	$9,655,827	-0.8%
Expenses	$31,558,678	$7,823,690	+3.0%
Net Income	$-29,586,083	$1,832,137	-17.1%

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

$366,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY HADSALL	PRESIDENT	40.00	Officer	$187,942	$10,345	$198,287
GREG SNYDER	CFO	40.00	Officer	$157,087	$10,758	$167,845
BEN JONES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MAX BUETOW	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JIM BLAHA	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KEM REED	DIRECTOR	1.00	Director	$0	$0	$0
KARL PLUMPE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA BADE	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA MAPLES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PARKISON	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MCWAY	DIRECTOR	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
2024	$1,972,595	$31,558,678	No data	$-29,586,083
2023	$9,655,827	$7,823,690	$182,768,876	$1,832,137
2022	$9,692,310	$6,304,553	$173,557,737	$3,387,757
2021	$7,376,341	$4,838,479	$164,844,187	$2,537,862
2020	$6,311,489	$4,867,376	$143,137,686	$1,444,113
2019	$6,458,421	$5,198,044	$115,631,550	$1,260,377