nonprofit · EIN 38-1439120 · MI
How much does FINANCIAL PLUS CREDIT UNION raise and spend?
FINANCIAL PLUS CREDIT UNION (MI, EIN 38-1439120) reported $90.3M in revenue and $78.3M in expenses for tax year 2024, with $161.4M in net assets (24.8 months of reserves). By expenses that ranks 3,160 of 391,588 e-filers, 93 of 10,994 nonprofits in michigan.
What stands out
FINANCIAL PLUS CREDIT UNION (MI, EIN 38-1439120) reported $90.3M in revenue and $78.3M in expenses for tax year 2024, with $161.4M in net assets (24.8 months of reserves). By expenses that ranks 3,160 of 391,588 e-filers, 93 of 10,994 nonprofits in michigan. Against nonprofits with $10M-$100M in expenses: months of reserves 24.8 months, above the peer median of 9.5 months; officer compensation share of expenses 3.7%, above the peer median of 2.6%; contributions share of revenue 0.0%, below the peer median of 12.5%; surplus margin 13.3%, above the peer median of 2.1%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $90.3M | — | $21.4M | $198.5k |
| Total expenses | $78.3M | — | $20.3M | $179.6k |
| Total assets | $1.4B | — | $29.5M | $761.5k |
| Net assets | $161.4M | — | $17.4M | $615.1k |
| Officer compensation (total per organisation) | $2.9M | — | $625.8k | $114.3k |
| Program service revenue share | 85.7% | — | 73.7% | 13.4% |
| Contributions share of revenue | 0.0% | — | 12.5% | 55.6% |
| Officer compensation share of expenses | 3.7% | — | 2.6% | 6.6% |
| Months of reserves | 24.8 months | — | 9.5 months | 12.4 months |
| Surplus margin | 13.3% | — | 2.1% | 4.3% |
Year by year
7 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $90.3M | $78.3M | $161.4M | 24.8 months | $2.9M | 3,160 |
| 2023 | $76.2M | $66.7M | $144.0M | 25.9 months | $3.4M | 6,179 |
| 2022 | $50.0M | $42.6M | $131.3M | 37.0 months | $1.8M | 8,164 |
| 2021 | $36.6M | $27.9M | $88.3M | 37.9 months | $1.4M | 7,653 |
| 2020 | $31.0M | $29.3M | $84.6M | 34.7 months | $2.1M | 10,148 |
| 2019 | $30.9M | $28.5M | $78.7M | 33.1 months | $1.2M | 9,953 |
| 2018 | $30.7M | $27.6M | $73.4M | 31.9 months | $1.3M | 9,149 |
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