WEST VIRGINIA PUBLIC EMPLOYEES CREDIT UNION (EIN 550613214) - 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

1971

Legal Domicile

Principal Officer

KARL SHANHOLTZER

Phone

3045580566

Tax Period

2023-01-01 to 2023-12-31

WEST VIRGINIA PUBLIC EMPLOYEES CREDIT UNION, founded in 1971, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 26% operating margin.

Mission

STATE EMPLOYEES' CREDIT UNION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,461,838

Investment Income $591,796

Other Revenue $0

TOTAL REVENUE $4,053,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,355,360

Fundraising Expenses $0

Other Expenses $1,663,673

TOTAL EXPENSES $3,019,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,053,634	$3,405,127	+0.2%
Expenses	$3,019,033	$2,597,908	+0.2%
Net Income	$1,034,601	$807,219	+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

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

$182,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT GRAY	CEO	40.00	Officer	$149,958	$32,954	$182,912
DAVID FLETCHER	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT MALLORY	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES MCDANIEL	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
KARL SHANHOLTZER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN SMOLDER	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2023	$4,053,634	$3,019,033	$83,859,746	$1,034,601
2022	$3,405,127	$2,597,908	$87,564,832	$807,219
2021	$3,195,725	$2,529,456	$86,818,333	$666,269
2020	$3,302,604	$2,496,318	$81,234,031	$806,286
2019	$3,406,016	$2,497,788	$70,079,579	$908,228
2018	$3,146,090	$2,675,139	$68,241,393	$470,951

WEST VIRGINIA PUBLIC EMPLOYEES CREDIT UNION