MEMORIAL HEALTH CREDIT UNION

EIN: 237336583

Savannah, GA

Total Revenue
$987,795
Total Expenses
$981,799
Total Assets
$22,907,659
Net Assets
$3,440,423
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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
1972
Legal Domicile
GA
Principal Officer
Don Hill
Phone
9123548100
Tax Period
2021-01-01 to 2021-12-31

MEMORIAL HEALTH CREDIT UNION, founded in 1972, is a small nonprofit that reported $988K in total revenue in fiscal year 2021. Net assets of $3.4M represent 42 months of operating reserves.

Mission

Provide low cost financial services to members

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $745,556
Investment Income $86,249
Other Revenue $155,990
TOTAL REVENUE $987,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $544,308
Fundraising Expenses $0
Program Expenses $0
Other Expenses $437,491
TOTAL EXPENSES $981,799

Year-over-Year Comparison

2021 2020 Change
Revenue $987,795 $1,026,351 0.0%
Expenses $981,799 $1,041,800 -0.1%
Net Income $5,996 $-15,449 -1.4%
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

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Governance

Voting Members
9
Independent Members
8
Employees
10
Volunteers
12

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
1
$133,477
Total Directors
8
$0
Key Employees
1
$133,477
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Don Hill ceo 45
Officer Key Emp Highest
$133,477 $0 $133,477
Lisa Aaron director 0
Director
$0 $0 $0
Tracy Boyd director 0
Director
$0 $0 $0
Jacquelyn Davis director 0
Director
$0 $0 $0
Joyce Humphrey director 0
Director
$0 $0 $0
Deborah Leslie director 0
Director
$0 $0 $0
Karl Grotheer director 0
Director
$0 $0 $0
Grant Washington director 0
Director
$0 $0 $0
Jean Wiggins director 0
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
2021 $987,795 $981,799 $22,907,659 $5,996
2020 $1,026,351 $1,041,800 $20,260,046 $-15,449
2019 $1,127,870 $1,040,009 $17,616,027 $87,861
2018 $1,075,722 $1,086,967 $18,126,348 $-11,245
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