Upper Michigan Community Credit Union
EIN: 381611851 · Munising, MI
| Metric | Value |
|---|---|
| Total Expenses | $1.4M |
| Net Assets | $3.0M |
Is Upper Michigan Community Credit Union Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Upper Michigan Community Credit Union
Upper Michigan Community Credit Union (EIN: 381611851) is a nonprofit organization based in Munising, MI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Michigan Community Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upper Michigan Community Credit Union is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$255K |
| Total Assets | $34.2M |
| Total Liabilities | $31.2M |
| Net Assets | $3.0M |
| Operating Margin | 15.8% |
| Debt-to-Asset Ratio | 91.3% |
| Months of Reserves | 302.4 months |
Financial Health Grade: A
In 2017, Upper Michigan Community Credit Union reported a surplus of $255K with revenue exceeding expenses, holds 302.4 months of operating reserves (strong position), has a debt-to-asset ratio of 91.3% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Upper Michigan Community Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +1.9% | -7.2% | -2.7% |
| 2016 | +1.5% | -6.4% | +4.8% |
| 2015 | +2.3% | +11.1% | +6.1% |
| 2014 | +12.3% | +14.5% | +14.4% |
| 2013 | +1.7% | +3.8% | +3.9% |
AI Analysis Pending
AI enrichment for Upper Michigan Community Credit Union has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Upper Michigan Community Credit Union with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $255K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.3%.
Frequently Asked Questions about Upper Michigan Community Credit Union
Is Upper Michigan Community Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Upper Michigan Community Credit Union (EIN: 381611851) insufficient data. 0 red flags identified, 0 strengths noted.
How does Upper Michigan Community Credit Union spend its money?
Detailed spending breakdown data is not yet available for Upper Michigan Community Credit Union. Check back for updated IRS 990 analysis.
Are donations to Upper Michigan Community Credit Union tax-deductible?
Upper Michigan Community Credit Union is registered as a tax-exempt nonprofit (EIN: 381611851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Upper Michigan Community Credit Union located?
Upper Michigan Community Credit Union is headquartered in Munising, Michigan and files with the IRS under EIN 381611851.
How many years of IRS 990 filings does Upper Michigan Community Credit Union have?
Upper Michigan Community Credit Union has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Upper Michigan Community Credit Union showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Upper Michigan Community Credit Union's revenue has grown by 23%, moving from $1.3M to $1.6M. Total assets increased by 39.3% over the same period, from $24.5M to $34.2M. Total functional expenses rose by 8%, from $1.3M to $1.4M. In its most recent filing year (2017), Upper Michigan Community Credit Union reported a surplus of $255K, with revenue exceeding expenses. The organization holds $31.2M in liabilities against $34.2M in assets (debt-to-asset ratio: 91.3%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $1.6M | $1.4M | $34.2M | $31.2M | — | View 990 |
| 2016 | $1.6M | $1.5M | $35.1M | $32.4M | — | View 990 |
| 2015 | $1.6M | $1.6M | $33.5M | $30.9M | — | View 990 |
| 2014 | $1.5M | $1.4M | $31.6M | $29.0M | — | View 990 |
| 2013 | $1.4M | $1.2M | $27.6M | $25.2M | — | View 990 |
| 2012 | $1.3M | $1.2M | $26.6M | $24.3M | — | View 990 |
| 2011 | $1.3M | $1.3M | $24.5M | $22.4M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $34.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $35.1M (revenue +1.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $33.5M (revenue +2.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $31.6M (revenue +12.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $27.6M (revenue +1.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $26.6M (revenue +1.7% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $24.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upper Michigan Community Credit Union:
Data Sources and Methodology
This transparency report for Upper Michigan Community Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.