SOUTHEASTERN REGIONAL CREDIT UNION… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

KARIMA FREEMAN

Phone

4342379600

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN REGIONAL CREDIT UNION SCHOOLS, founded in 1987, is a small nonprofit in the Public & Societal Benefit sector that reported $409K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $382K left a modest 7% surplus.

Mission

OUR MISSION IS TO EDUCATE EMPLOYEES AND VOLUNTEERS OF CREDIT UNION IN THE SOUTHEAST REGION OF THE UNITED STATES THROUGH THE USE OF SPECIFIC TRAINING SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $375,977 Revenue: $402,093

EXPENSES ARE INCURRED FROM EDUCATING INDIVIDUALS WHO SERVE THE CREDIT UNION INDUSTRY AS AN EMPLOYEE OR VOLUNTEER AND THE REVENUE IS FROM REGISTRATION FEES FOR ATTENDIGN THE TRAINING SCHOOLS. THE...

EXPENSES ARE INCURRED FROM EDUCATING INDIVIDUALS WHO SERVE THE CREDIT UNION INDUSTRY AS AN EMPLOYEE OR VOLUNTEER AND THE REVENUE IS FROM REGISTRATION FEES FOR ATTENDIGN THE TRAINING SCHOOLS. THE GRANTS ARE FOR SUPPORTING CREDIT UNIONS AND LEAGUES IN THEIR EFFORTS TO EDUCATE EMPLOYEES AND VOLUNTEERS WHO SERVE THE CREDIT UNION INDUSTRY.

Program 2

SCHOLARSHIPS GRANTED TO CREDIT UNIONS

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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 $500

Program Service Revenue $399,989

Investment Income $6,366

Other Revenue $2,104

TOTAL REVENUE $408,959

Expense Breakdown

Grants Paid $25,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375,977

Other Expenses $356,727

TOTAL EXPENSES $381,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,959	$470,661	-0.1%
Expenses	$381,977	$440,772	-0.1%
Net Income	$26,982	$29,889	-0.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED ROBINSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES ELLIOTT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARRIE HUNT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KARIMA FREEMAN	ASST SECRETARY/TREAS	2.00	Officer Director	$0	$0	$0
JUAN CEBALLOS	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA BEELER	DIRECTOR	1.00	Director	$0	$0	$0
JIM KASCH	DIRECTOR	1.00	Director	$0	$0	$0
DAN SCHLINE	DIRECTOR	1.00	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
2024	$408,959	$381,977	$467,507	$26,982
2023	$470,661	$440,772	$440,025	$29,889
2022	$407,476	$383,207	$410,895	$24,269
2021	$188,446	$133,630	$385,867	$54,816
2020	$991	$18,979	$332,746	$-17,988
2018	$355,443	$365,395	$333,099	$-9,952

SOUTHEASTERN REGIONAL CREDIT UNION SCHOOLS