MARTIN COUNTY COOPERATIVE (EIN 350989101) - 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

1948

Legal Domicile

Principal Officer

MICHAEL HURT

Phone

8122953484

Tax Period

2023-01-01 to 2023-12-31

MARTIN COUNTY COOPERATIVE, founded in 1948, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $329K, a strong 33% operating margin.

Mission

STATE CHARTERED COOPERATIVE CREDIT UNION, OFFERING LOANS AND DEPOSITS TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,003,112

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,003,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,579

Fundraising Expenses $0

Program Expenses $674,124

Other Expenses $480,545

TOTAL EXPENSES $674,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,003,112	$722,519	+0.4%
Expenses	$674,124	$477,792	+0.4%
Net Income	$328,988	$244,727	+0.3%

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

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

Total Directors

$9,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON CARRICO	VICE CHAIR	2.00	Director	$1,500	$0	$1,500
JENELL HOFFMAN	DIRECTOR	2.00	Director	$1,500	$0	$1,500
CAROLYN MCGUIRE	TREASURER	2.00	Director	$1,500	$0	$1,500
JOHN A WALKER	CHAIRMAN	2.00	Director	$1,200	$0	$1,200
ROSALLE WININGER	DIRECTOR	2.00	Director	$1,200	$0	$1,200
DONNIE REINHART	COMMITTEE ME	2.00	Director	$1,080	$0	$1,080
NICK TOY	COMMITTEE ME	2.00	Director	$1,040	$0	$1,040
DONALD L WININGER	DIRECTOR	2.00	Director	$300	$0	$300

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	No data	No data	No data	No data
2023	$1,003,112	$674,124	$19,488,022	$328,988
2022	$722,519	$477,792	$18,514,659	$244,727
2021	$701,388	$496,762	$17,354,100	$204,626
2020	$583,073	$476,516	$15,579,816	$106,557
2019	$596,659	$449,039	$12,995,275	$147,620
2018	$564,363	$378,399	$12,637,712	$185,964

MARTIN COUNTY COOPERATIVE