HAMPTON ROADS EDUCATORS' CREDIT UNION INC (EIN 540623257) - 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

1954

Legal Domicile

Principal Officer

CORNELIOUS CHAMBLISS

Phone

7578380707

Tax Period

2024-10-01 to 2025-09-30

HAMPTON ROADS EDUCATORS' CREDIT UNION INC, founded in 1954, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2017. Expenses of $1.8M left a modest 5% surplus.

Mission

CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. CREDIT UNIONS ARE EXEMPT BY FEDERAL TAX.

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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 $1,836,555

Investment Income $568,471

Other Revenue $161,926

TOTAL REVENUE $2,566,952

Expense Breakdown

Grants Paid $14,038

Salaries & Benefits $836,170

Fundraising Expenses $0

Other Expenses $1,387,566

TOTAL EXPENSES $2,237,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,566,952	$2,292,107	+0.1%
Expenses	$2,237,774	$2,102,539	+0.1%
Net Income	$329,178	$189,568	+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

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

$103,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ORIE	MANAGER/CEO	40.00	Officer	$103,957	$0	$103,957
LYNDA BURKE	BOARD TREASU	0.50	Director	$0	$0	$0
CORNELIOUS CHAMBLISS	BOARD CHAIRM	1.00	Director	$0	$0	$0
ANITA R HOLLEY	DIRECTOR	0.50	Director	$0	$0	$0
RITA RAPHAEL	DIRECTOR	0.50	Director	$0	$0	$0
DR KEISHA SAMUELS	DIRECTOR	0.50	Director	$0	$0	$0
DONALD SANDRIDGE	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY SHARPE	BOARD SECRET	0.88	Director	$0	$0	$0
JACQUELINE SMITH-WATSON	BOARD 2ND VI	0.50	Director	$0	$0	$0
GLORIA WINDER	BOARD 1ST VI	0.50	Director	$0	$0	$0

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
2025	$2,566,952	$2,237,774	$44,680,099	$329,178
2024	$2,292,107	$2,102,539	$42,629,409	$189,568
2023	$2,070,345	$1,941,823	$42,749,283	$128,522
2022	$1,823,029	$1,673,580	$41,695,486	$149,449
2021	$1,854,459	$1,638,121	$39,238,874	$216,338
2020	$1,765,985	$1,637,388	$35,162,377	$128,597
2019	$1,958,963	$1,793,208	$31,226,873	$165,755
2018	$1,873,591	$1,784,332	$31,679,689	$89,259

HAMPTON ROADS EDUCATORS' CREDIT UNION INC