MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC (EIN 520284053) - 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

1936

Legal Domicile

Principal Officer

JOHN HAMILTON

Phone

4107528313

Tax Period

2023-01-01 to 2023-12-31

MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC, founded in 1936, is a mid-sized nonprofit that reported $72.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $69.0M left a modest 4% surplus.

Mission

MECU IS A CREDIT UNION WHICH PROVIDES A FULL ARRAY OF FINANCIAL SERVICES TO ITS MEMBER OWNERS.

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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 $471,441

Program Service Revenue $63,196,585

Investment Income $8,397,005

Other Revenue $0

TOTAL REVENUE $72,065,031

Expense Breakdown

Grants Paid $149,957

Salaries & Benefits $28,272,854

Fundraising Expenses $0

Other Expenses $40,604,295

TOTAL EXPENSES $69,027,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,065,031	$62,078,917	+0.2%
Expenses	$69,027,106	$57,411,510	+0.2%
Net Income	$3,037,925	$4,667,407	-0.3%

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

409

Volunteers

N/A

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

$1,066,999

Total Directors

$163,500

Key Employees

$1,261,814

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMAN CLARK SR	CHAIRPERSON	2.00	Director	$21,800	$0	$21,800
BENJAMIN MELI JR	BOARD MEMBER	2.00	Director	$18,300	$0	$18,300
ERNEST GLINKA	BOARD MEMBER	2.00	Director	$11,100	$0	$11,100
G LOUISE GREEN	TREASURER	1.50	Director	$23,600	$0	$23,600
GARY MCLHINNEY	VICE CHAIRPERSON	1.50	Director	$18,800	$0	$18,800
DEBORAH MOORE-CARTER	SECRETARY	1.50	Director	$21,500	$0	$21,500
LORRETTA JOHNSON	BOARD MEMBER	1.00	Director	$7,800	$0	$7,800
KARA KING-BESS	BOARD MEMBER	1.00	Director	$13,500	$0	$13,500
PEGGY PEACOCK	BOARD MEMBER	1.50	Director	$27,100	$0	$27,100
ADRIAN JOHNSON	EVP/CFO	45.00	Officer	$316,236	$117,734	$433,970
JOHN HAMILTON	PRESIDENT AND CEO	45.00	Officer	$607,481	$25,548	$633,029
MICHELLE WILLIAMS	SVP HUMAN RESOURCES & ADMIN.	45.00	Key Emp	$201,123	$33,210	$234,333
KATHY SHELTON	SVP AND COO	45.00	Key Emp	$258,532	$54,533	$313,065
MARY JO TAYLOR	SVP CHIEF COMMERCIAL LENDING OFFICER	45.00	Key Emp	$217,329	$20,256	$237,585
DENISE JONES-FRASIER	CHIEF OF STAFF SVP	45.00	Key Emp	$249,172	$8,462	$257,634
MAYNARD HURD	SVP CONSUMER LENDING	45.00	Key Emp	$214,932	$4,265	$219,197
JEAN TYLER	VP ACCOUNTING/CONTROLLER	45.00	Highest	$197,714	$6,850	$204,564
DONTE LEGGETTE	VP OF IT SERVICES	45.00	Highest	$186,723	$33,769	$220,492
TIMOTHY ROZALSKI	VP OF MARKETING	45.00	Highest	$197,911	$6,910	$204,821
NINA SPENCER	VP RETAIL DELIVERY	45.00	Highest	$182,310	$26,428	$208,738
PATRICIA HANSEL	VP OPERATIONS	45.00	Highest	$169,473	$21,541	$191,014

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	No data	No data	No data	No data
2023	$72,065,031	$69,027,106	$1,302,310,518	$3,037,925
2022	$62,078,917	$57,411,510	$1,322,450,560	$4,667,407
2021	$60,211,083	$54,577,172	$1,362,108,647	$5,633,911
2020	$60,981,721	$65,401,843	$1,316,780,285	$-4,420,122
2019	$72,074,622	$68,478,207	$1,197,660,345	$3,596,415
2018	$67,398,664	$63,248,791	$1,180,671,010	$4,149,873

MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC