PIKE TEACHER'S CREDIT UNION (EIN 237062470) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

HENRY HAISTEN

Phone

3346703630

Tax Period

2020-01-01 to 2020-12-31

PIKE TEACHER'S CREDIT UNION, founded in 1954, is a small nonprofit that reported $208K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $196K left a modest 6% surplus.

Mission

THE CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMOUNG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,155

Investment Income $30,285

Other Revenue $3,466

TOTAL REVENUE $135,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,502

Fundraising Expenses $0

Program Expenses $357,739

Other Expenses $278,237

TOTAL EXPENSES $357,739

Year-over-Year Comparison

	2020	2019	Change
Revenue	$135,906	$203,832	-0.3%
Expenses	$357,739	$241,748	+0.5%
Net Income	$-221,833	$-37,916	+4.9%

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

$54,552

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GALE H JORDAN	MANAGER	N/A	Officer	$42,552	$0	$42,552
HENRY HAISTEN	TREASURER	4.00	Officer Director	$12,000	$0	$12,000
DONNELLA CARTER	SECRETARY	N/A	Officer Director	$0	$0	$0
STEVE GARROTT	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
GEOFFERY SPANN	CHAIRMAN	N/A	Officer Director	$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
2020	$135,906	$357,739	No data	$-221,833
2019	$203,832	$241,748	$7,333,875	$-37,916
2018	$208,241	$196,350	$7,285,248	$11,891

PIKE TEACHER'S CREDIT UNION