SCOTT ASSOCIATES CREDIT UNION INC (EIN 310736256) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

Nicole Jasinski

Phone

9376447385

Tax Period

2024-01-01 to 2024-12-31

SCOTT ASSOCIATES CREDIT UNION INC, founded in 1967, is a small nonprofit that reported $840K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $782K left a modest 7% surplus.

Mission

Scott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $654,222

Investment Income $186,201

Other Revenue $0

TOTAL REVENUE $840,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,165

Fundraising Expenses $0

Program Expenses $715,389

Other Expenses $502,411

TOTAL EXPENSES $781,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$840,423	$698,121	+0.2%
Expenses	$781,576	$671,554	+0.2%
Net Income	$58,847	$26,567	+1.2%

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

Total Directors

Key Employees

$68,142

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Jasinski	General Manager	40	Key Emp Highest	$63,342	$4,800	$68,142
Diane Pekunka	President of Board	2	Director	$0	$0	$0
Tammy King	Vice President of Board	2	Director	$0	$0	$0
Joy Carmichael	Treasurer of Board	2	Director	$0	$0	$0
Sherry Worstell	Secretary of Board	2	Director	$0	$0	$0
John Foster	Director	2	Director	$0	$0	$0
Holly Richardson	Director	2	Director	$0	$0	$0
Kyle Kirkpatrick	Director	2	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
2025	No data	No data	No data	No data
2024	$840,423	$781,576	$13,611,807	$58,847
2023	$698,121	$671,554	$13,966,283	$26,567
2022	$536,505	$530,202	$13,524,440	$6,303
2021	$516,040	$501,499	$13,911,695	$14,541
2020	$544,394	$508,723	$13,249,691	$35,671
2019	$573,001	$515,529	$11,213,861	$57,472
2018	$536,135	$491,708	$10,862,863	$44,427

SCOTT ASSOCIATES CREDIT UNION INC