HELLO CREDIT UNION (EIN 590690964) - 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

1952

Legal Domicile

Principal Officer

MIKE AKERS

Phone

8507856103

Tax Period

2023-01-01 to 2023-12-31

HELLO CREDIT UNION, founded in 1952, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 8% surplus.

Mission

TO PROVIDE RESIDENTS OF BAY COUNTY WITH FINANCIAL AND DEPOSITORY SERVICES.

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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 $251,826

Program Service Revenue $6,054,543

Investment Income $650,583

Other Revenue $1,689,352

TOTAL REVENUE $8,646,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,995,359

Fundraising Expenses $0

Other Expenses $4,951,555

TOTAL EXPENSES $7,946,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,646,304	$7,848,025	+0.1%
Expenses	$7,946,914	$6,042,145	+0.3%
Net Income	$699,390	$1,805,880	-0.6%

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

$385,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY D BLISS	CHAIRPERSON	1.00	Director	$0	$0	$0
RICHARD MAXWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MANN	SECRETARY	1.00	Director	$0	$0	$0
CHARLES ATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DALLAS SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLI GARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS JAMES	VICE-CHAIRPERSON	1.00	Director	$0	$0	$0
AMY TOPOL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC SESPICO	TREASURER	1.00	Director	$0	$0	$0
FORREST WATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY GEIGER	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE RODAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEFANIA JONES	VP/CFO	40.00	Officer	$144,072	$13,612	$157,684
MICHAEL AKERS	PRESIDENT/CEO	40.00	Officer	$202,826	$25,175	$228,001

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	$8,646,304	$7,946,914	$167,506,584	$699,390
2022	$7,848,025	$6,042,145	$168,547,425	$1,805,880
2021	$4,461,399	$3,809,315	$118,332,865	$652,084
2020	$4,008,457	$3,650,913	$107,126,544	$357,544
2019	$5,724,439	$3,579,920	$101,786,940	$2,144,519
2018	$4,302,755	$3,957,885	$110,747,504	$344,870
2017	$4,331,558	$4,496,849	$82,887,206	$-165,291

HELLO CREDIT UNION