EMORY ALLIANCE 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

2007

Legal Domicile

Principal Officer

MICHELLE ZHANG

Tax Period

2022-01-01 to 2022-12-31

EMORY ALLIANCE CREDIT UNION, founded in 2007, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $9.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

AS A LEADING NON-PROFIT FINANCIAL COOPERATIVE, OUR PURPOSE IS TO PROVICE HIGH QUALITY, LOW COST FINANCIAL SERVICES FOR OUR MEMBERS. WE ARE DEDICATED TO IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBER COMMUNITY THROUGH ENGAGEMENT, SERVICE, EDUCATION, OUTREACH, AND CHARITY.

Program Service Accomplishments

Program 1

SERVED MORE THAN EIGHTEEN THOUSAND MEMBERS DURING THE YEAR BY OFFERING FAVORABLE DIVIDEND RATES ON SAVINGS AND ATTRACTED OVER ONE HUNDRED NINETY THREE MILLION DOLLARS IN MEMBERS DEPOSITS.

Program 2

SERVED MORE THAN EIGHTEEN THOUSAND MEMBERS DURING THE YEAR BY EXTENDING CREDIT WITH LOW INTEREST RATES AND HELD OVER 126 MILLION DOLLARS CONSUMER AND REAL ESTATE LOANS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,338,681

Investment Income $1,145,798

Other Revenue $0

TOTAL REVENUE $8,484,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,035,564

Fundraising Expenses $0

Other Expenses $6,789,756

TOTAL EXPENSES $9,825,320

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,484,479	$7,524,276	+0.1%
Expenses	$9,825,320	$7,212,918	+0.4%
Net Income	$-1,340,841	$311,358	-5.3%

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

$237,634

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID THURSTON	CHAIR BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JOANNA GREEN	VICE CHAIR, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
HEATHER MUGG	SECRETARY OF BOARD	2.00	Director	$0	$0	$0
JOSE G RODRIGUEZ	TREASURER OF BOARD	2.00	Director	$0	$0	$0
BEVERLY CORMICAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DEEPA PAWATE	BOARD MEMBER	2.00	Director	$0	$0	$0
AUDREY PHILLIPS-TURNER	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA UNDERWOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
ROLAND WITTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JON W WOLLENZIEN JR	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS CULBERSON	PRESIDENT	40.00	Officer	$209,609	$28,025	$237,634
DAVID KANE	MEMBER FINANCIAL SERVICE REP	40.00	Highest	$135,686	$11,177	$146,863

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
2022	$8,484,479	$9,825,320	No data	$-1,340,841
2021	$7,524,276	$7,212,918	$209,660,944	$311,358
2020	$7,301,128	$7,768,476	$187,881,837	$-467,348
2019	$10,533,695	$7,818,007	$157,145,099	$2,715,688
2018	$7,720,283	$7,421,753	$156,100,773	$298,530