Lynchburg, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BEACON CREDIT UNION INC, founded in 1939, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2018. Expenses of $11.5M left a modest 7% surplus.
The mission of Beacon Credit Union is to serve its members with loan and deposit products that meet their financial needs and help achieve their financial goals.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $24,198,465 | $20,946,735 | +0.2% |
| Expenses | $21,496,362 | $16,906,526 | +0.3% |
| Net Income | $2,702,103 | $4,040,209 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Greg McConville | CEO | 45 |
Officer
Key Emp
Highest
|
$493,266 | $0 | $493,266 |
| Susan Krantz | SVP of Operations | 40 |
Officer
Key Emp
|
$214,748 | $0 | $214,748 |
| Joe Goude | SVP of Retail | 40 |
Officer
Key Emp
|
$196,436 | $0 | $196,436 |
| Terry Hammond | CFO | 40 |
Officer
Key Emp
|
$184,794 | $0 | $184,794 |
| Laura Shafer | VP--Retail | 40 |
Officer
|
$115,675 | $0 | $115,675 |
| Adam Carpenter | VP--IT | 40 |
Officer
|
$113,925 | $0 | $113,925 |
| Lisa Gordon | VP--Personnel | 40 |
Officer
|
$110,313 | $0 | $110,313 |
| Nicole Miller | Controller | 40 |
Officer
|
$107,721 | $0 | $107,721 |
| Wendy Ayers | Vice Chairman of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Kathy Smith | Asst Secretary of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Philip Hynes | Chairman of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| William Coleman | Director | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Wes Gordon | Treasurer | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Nancy Compton | Secretary of the Board | 1.00 |
Director
|
$5,500 | $0 | $5,500 |
| Sandra Williams | Director | 1.00 |
Director
|
$5,500 | $0 | $5,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $24,198,465 | $21,496,362 | $332,485,880 | $2,702,103 |
| 2023 | $20,946,735 | $16,906,526 | $303,466,627 | $4,040,209 |
| 2022 | $16,479,530 | $12,882,679 | $289,405,166 | $3,596,851 |
| 2021 | $14,508,357 | $11,413,628 | $245,953,598 | $3,094,729 |
| 2021 | $14,508,357 | $11,413,628 | $245,953,598 | $3,094,729 |
| 2020 | $13,991,814 | $12,342,738 | $227,358,861 | $1,649,076 |
| 2019 | $13,730,683 | $12,924,888 | $211,107,402 | $805,795 |
| 2018 | $12,433,633 | $11,531,565 | $185,540,076 | $902,068 |
Compare BEACON CREDIT UNION INC with other nonprofits in Virginia and across the country.