MILLENNIUM CORPORATE CREDIT UNION (EIN 480615845) - 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

1951

Legal Domicile

Principal Officer

ELIZABETH C NEIGHBORS

Phone

3167212600

Tax Period

2024-01-01 to 2024-12-31

MILLENNIUM CORPORATE CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $83.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $73.0M left a modest 13% surplus.

Mission

MILLENNIUM CORPORATE CREDIT UNION (MILLENNIUM CORPORATE) SERVES AS A FINANCIAL INTERMEDIARY FOR THE CREDIT UNIONS WHICH COMPRISE ITS MEMBERSHIP, AND ITS ACTIVITIES ARE DIRECTED TO THE SUPPORT OF THAT INTERDEPENDENT GROUP.

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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 $8,561,839

Investment Income $75,239,770

Other Revenue $1,528

TOTAL REVENUE $83,803,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,373,742

Fundraising Expenses $0

Other Expenses $68,606,697

TOTAL EXPENSES $72,980,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,803,137	$65,168,692	+0.3%
Expenses	$72,980,439	$43,746,978	+0.7%
Net Income	$10,822,698	$21,421,714	-0.5%

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

$643,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WINKLER	CHAIRMAN	3.00	Director	$0	$0	$0
TED UNDERWOOD	SECRETARY/TREASURER	3.00	Director	$0	$0	$0
LARAE KRAEMER	DIRECTOR	3.00	Director	$0	$0	$0
JOHN HAGEMAN	DIRECTOR	3.00	Director	$0	$0	$0
PHIL WEBER	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL AUGUSTINE	VICE CHAIRMAN	3.00	Director	$0	$0	$0
KEVIN STUBBLEFIELD	DIRECTOR	3.00	Director	$0	$0	$0
DEE SCHRINER	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN BRUESEKE	DIRECTOR	3.00	Director	$0	$0	$0
LARRY D EISENHAUER	FORMER OFFICER	50.00	Officer	$205,538	$18,326	$223,864
KENT R GLEASON	PRESIDENT/CEO	50.00	Officer	$261,933	$36,636	$298,569
ELIZABETH C NEIGHBORS	VP - ACCOUNTING	50.00	Officer	$107,753	$13,128	$120,881
WALTER G THOMPSON	AIM MANAGER & SENIOR FINAN	50.00	Highest	$162,004	$32,482	$194,486
BRADY H MCLEOD	AIM MANAGER & SENIOR FINAN	50.00	Highest	$160,527	$32,898	$193,425
KIP D POE	VP - INFORMATION & TECHNOL	50.00	Highest	$144,262	$31,849	$176,111
RACHEL DULANEY	AIM DIRECTOR OF ALM	50.00	Highest	$109,559	$13,667	$123,226
CHRISTOPHER HAGEMAN	AIM DIRECTOR OF INVESTMENT SERVICES	50.00	Highest	$155,120	$24,813	$179,933
JULIE CHAPIN	AIM MANAGER & SENIOR FINAN	50.00	Highest	$103,737	$13,627	$117,364

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	$83,803,137	$72,980,439	$1,639,527,718	$10,822,698
2023	$65,168,692	$43,746,978	$1,287,261,055	$21,421,714
2022	$50,281,305	$33,601,669	$1,167,187,630	$16,679,636
2021	$44,466,623	$23,123,303	$1,676,715,852	$21,343,320
2020	$13,161,378	$10,016,213	$1,558,506,533	$3,145,165

MILLENNIUM CORPORATE CREDIT UNION