983 ADVANTAGE CREDIT UNION INC

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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

1961

Legal Domicile

Principal Officer

CAMILLE GRAYSON

Phone

4195295603

Tax Period

2024-01-01 to 2024-12-31

983 ADVANTAGE CREDIT UNION INC, founded in 1961, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF ADVANTAGE CREDIT UNION IS TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES IN A COST EFFICIENT, COURTEOUS, AND PROFESSIONAL MANNER THAT RECOGNIZES THE MEMBERS STATUS AS "OWNERS".

Program Service Accomplishments

Program 1

DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE. DIRECT LABOR AND...

DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE. DIRECT LABOR AND EMPLOYE EBENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 6,900 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 5,300 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,920,355

Investment Income $413,309

Other Revenue $0

TOTAL REVENUE $2,333,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $818,837

Fundraising Expenses $0

Other Expenses $1,236,320

TOTAL EXPENSES $2,286,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,333,664	$2,309,967	+0.0%
Expenses	$2,286,085	$2,169,916	+0.1%
Net Income	$47,579	$140,051	-0.7%

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

N/A

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

$175,023

Total Directors

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMILLE GRAYSON	CEO	40.00	Officer	$84,847	$6,725	$91,572
AMY LEINARD	COO	40.00	Officer	$73,177	$5,124	$78,301
ROBERT GROVE	DIRECTOR	1.00	Officer Director	$1,400	$0	$1,400
CARL MOUNTS	DIRECTOR	1.00	Director	$1,400	$0	$1,400
GARY UTT	CHAIRMAN	1.00	Officer Director	$1,400	$0	$1,400
GAYLEE WETZELL	SECRETARY	1.00	Officer Director	$1,400	$0	$1,400
GINGER ANTRICAN	DIRECTOR	1.00	Director	$1,250	$0	$1,250
STEVEN ACKERMAN	DIRECTOR	1.00	Director	$1,200	$0	$1,200
RUSH STUMBO	VICE CHAIRMA	1.00	Officer Director	$950	$0	$950

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
2024	$2,333,664	$2,286,085	$41,325,120	$47,579
2023	$2,309,967	$2,169,916	$43,780,230	$140,051
2022	$1,962,272	$1,871,412	$44,334,911	$90,860
2021	$1,658,949	$1,585,494	$43,696,136	$73,455
2020	$1,726,391	$1,617,483	$39,131,311	$108,908
2019	$1,861,052	$1,609,760	$35,797,158	$251,292
2018	$1,956,210	$1,735,595	$37,074,828	$220,615