Mid Cities 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

1937

Legal Domicile

Tax Period

2019-01-01 to 2019-12-31

Mid Cities Credit Union, founded in 1937, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year. Expenses of $1.2M left a modest 7% surplus.

Mission

A cooperative organized for the purpose of promoting thrift and savingsa among its members.

Program Service Accomplishments

Program 1

Expenses: $1,169,473

Mid Cities Credit Union Provided Loans of 2,074,689 to its members in 2019. Members used approximately $16,493,339 in gross amounts of the credit unions savings programs in 2019 as well. In additon, our members used our cash operations to cash checks and other instruments to obtain cash for their individual needs.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,030,797

Investment Income $222,690

Other Revenue $0

TOTAL REVENUE $1,253,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,042

Fundraising Expenses $0

Program Expenses $1,169,473

Other Expenses $685,431

TOTAL EXPENSES $1,169,473

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,253,487	$1,331,024	-0.1%
Expenses	$1,169,473	$1,221,198	0.0%
Net Income	$84,014	$109,826	-0.2%

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

$118,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fred Easter	Secretary	1.00	Officer Director	$0	$0	$0
Floyd Knox	Chairman	1.00	Officer Director	$0	$0	$0
Charles Moore	Treasurer	1.00	Officer Director	$0	$0	$0
Barbara Banks	Director	1.00	Director	$0	$0	$0
Dorothy Plummer-Jones	Supv Committee Member	2.00	Director	$0	$0	$0
Herman Winslow	Supv Committee Member	2.00	Director	$0	$0	$0
William Ervin	Director	1.00	Director	$0	$0	$0
Solomon Varnado	Director	1.00	Director	$0	$0	$0
Cavon Freny-Brown	Director	1.00	Director	$0	$0	$0
Clifford Williams	Director	1.00	Director	$0	$0	$0
Shirley Stagg	Supervisory Committee Member	1.00	Director	$0	$0	$0
Joyce Hurley	Supervisory Committee Member	1.00	Director	$0	$0	$0
YeJide Akinwale	Director	1.00	Director	$0	$0	$0
Silvio Jorge	Chief Executive Officer	40.00	Officer	$108,875	$9,540	$118,415
Van Brown	Vice President	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2019	$1,253,487	$1,169,473	$18,693,113	$84,014