VIRGINIA CREDIT UNION LEAGUE (EIN 540554860) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

KARIMA FREEMAN

Phone

4342379600

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA CREDIT UNION LEAGUE, founded in 1952, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $7.5M represent 38 months of operating reserves.

Mission

OUR MISSION INCLUDES REGULATORY AND POLITICAL ADVOCACY FOR CREDIT UNIONS, EDUCATION AND TRAINING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,797,073

Investment Income $143,568

Other Revenue $160,755

TOTAL REVENUE $2,101,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,407,699

Fundraising Expenses $0

Program Expenses $1,651,959

Other Expenses $244,260

TOTAL EXPENSES $1,651,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,101,396	$2,161,730	0.0%
Expenses	$1,651,959	$1,572,890	+0.1%
Net Income	$449,437	$588,840	-0.2%

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

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

$759,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BENTLEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL MUSE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANINE WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE SIX	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN ALFRED	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE MALLON	DIRECTOR	1.00	Director	$0	$0	$0
JOE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WARRELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE HUNT	PRESIDENT	40.00	Officer	$63,987	$8,486	$136,460
JAMES T BLAU	CHIEF ADVOCACY OFFICER	40.00	Officer	$125,746	$30,465	$281,957
DAVID DEACON	VICE PRESIDENT	40.00	Officer	$0	$33,775	$183,562
KARIMA FREEMAN	INTERIM PRESIDENT	40.00	Officer	$60,032	$37,003	$157,067

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	$2,101,396	$1,651,959	$13,939,647	$449,437
2023	$2,161,730	$1,572,890	$13,662,695	$588,840
2022	$2,111,824	$1,706,086	$13,230,387	$405,738
2021	$1,868,332	$1,878,672	$12,141,784	$-10,340
2020	$3,092,375	$1,987,548	$9,415,356	$1,104,827
2019	$2,349,786	$2,298,086	$8,167,402	$51,700
2018	$2,353,869	$2,442,842	$7,924,517	$-88,973

VIRGINIA CREDIT UNION LEAGUE