My 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

1975

Legal Domicile

Principal Officer

Ryan Smith

Phone

8174282463

Tax Period

2023-01-01 to 2023-12-31

My Credit Union, founded in 1975, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $695K, a strong 20% operating margin.

Mission

State chartered Credit Union

Program Service Accomplishments

Program 1

Provided competitive, low cost financial services to meet the needs of the Credit Union membership in order to help them achieve financial security.

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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 $2,654,696

Investment Income $735,527

Other Revenue $0

TOTAL REVENUE $3,390,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,152,862

Fundraising Expenses $0

Other Expenses $1,542,836

TOTAL EXPENSES $2,695,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,390,223	$2,959,002	+0.1%
Expenses	$2,695,698	$2,525,453	+0.1%
Net Income	$694,525	$433,549	+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

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

Total Directors

Key Employees

$107,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharon Bailey	Chairperson	1.00	Officer Director	$0	$0	$0
Kevin White	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Charles Jackman	Secretary	1.00	Officer Director	$0	$0	$0
Bruce Urbanovsky	CEO	40.00	Key Emp Highest	$0	$0	$0
Ryan Smith	Former CEO	40.00	Key Emp Highest	$107,180	$0	$107,180

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,390,223	$2,695,698	$54,516,067	$694,525
2022	$2,959,002	$2,525,453	$57,846,660	$433,549
2021	$3,023,305	$2,835,516	$61,637,293	$187,789
2020	$3,187,161	$3,294,162	$56,322,144	$-107,001
2019	$3,484,698	$3,450,940	$47,387,792	$33,758
2018	$3,628,088	$3,571,745	$48,737,216	$56,343