Assemblies of God Credit Union (EIN 440599527) - 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

1951

Legal Domicile

Phone

4178824300

Tax Period

2024-01-01 to 2024-12-31

Assemblies of God Credit Union, founded in 1951, is a mid-sized nonprofit that reported $25.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $22.9M left a modest 8% surplus.

Mission

TO PROVIDE QUALITY, EFFICIENT AND PROFESSIONAL SERVICES TO MEET OUR MEMBERS' FINANCIAL NEEDS.

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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 $22,401,968

Investment Income $2,664,358

Other Revenue $0

TOTAL REVENUE $25,066,326

Expense Breakdown

Grants Paid $325,404

Salaries & Benefits $5,832,273

Fundraising Expenses $0

Program Expenses $0

Other Expenses $16,779,311

TOTAL EXPENSES $22,936,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,066,326	$22,685,471	+0.1%
Expenses	$22,936,988	$19,440,373	+0.2%
Net Income	$2,129,338	$3,245,098	-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

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

$1,045,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MYERS	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
BILL PERKIN	BOARD TREASURER	1.0	Officer Director	$0	$0	$0
JACOB MCLAUCHIN	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
RICK WAGGONER	BOARD CHAIRMAN	1.0	Officer Director	$0	$0	$0
LANCE CLOUSE	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL COOPER	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT MILLER	BOARD MEMBER	1.0	Director	$0	$0	$0
BRUCE WEBB	PRESIDENT	40.0	Officer	$324,884	$36,356	$361,240
JACQUELYN LAWHON	DIRECTOR OF FINANCE & OPERATIONS END 11/24	40.0	Officer	$132,087	$21,162	$153,249
JEFF BIRDSELL	VP SENIOR COMMERCIAL LENDER	40.0	Officer	$158,170	$35,921	$194,091
PETER SHINER	SVP / CHIEF RISK OFFICER	40.0	Officer	$194,166	$12,734	$206,900
TERRY BARKSDALE	VP COMMERCIAL LENDER	40.0	Officer	$113,947	$16,202	$130,149
FARRAH HILL	MORTGAGE LOAN ASSOCIATE	40.0	Highest	$108,362	$22,737	$131,099
JASON LISTER	DIRECTOR OF MORTGAGE LENDING	40.0	Highest	$347,381	$49,394	$396,775
MATTHEW MYERS	LOAN OFFICER	40.0	Highest	$134,949	$22,373	$157,322
MITCHELL SWANSON	DIRECTOR OF UNDERWRITING & QUALITY CONTROL	40.0	Highest	$338,457	$30,130	$368,587
TYLER STARK	LOAN OFFICER	40.0	Highest	$120,905	$1,959	$122,864

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	$25,066,326	$22,936,988	$441,634,272	$2,129,338
2023	$22,685,471	$19,440,373	$430,094,580	$3,245,098
2022	$16,786,554	$12,968,583	$369,054,440	$3,817,971
2021	$14,994,815	$11,693,185	$272,748,703	$3,301,630
2020	$14,268,527	$11,340,687	$236,189,244	$2,927,840
2019	$12,200,645	$9,973,679	$186,209,576	$2,226,966
2018	$10,657,695	$8,857,065	$171,999,347	$1,800,630

Assemblies of God Credit Union