Credit Unions Chartered in the State of WV (EIN 556021650) - 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

1939

Legal Domicile

Principal Officer

William Gill

Phone

3043459790

Tax Period

2023-01-01 to 2023-12-31

Credit Unions Chartered in the State of WV, founded in 1939, is a small nonprofit that reported $410K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $396K left a modest 3% surplus.

Mission

Give our members a reasonable dividend from their shares. Give our members an opportunity to provide the needs for their families that they may not be able to do if they had to rely on a bank.

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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 $275,723

Investment Income $133,604

Other Revenue $247

TOTAL REVENUE $409,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,177

Fundraising Expenses $0

Other Expenses $327,335

TOTAL EXPENSES $395,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,574	$272,809	+0.5%
Expenses	$395,512	$268,610	+0.5%
Net Income	$14,062	$4,199	+2.3%

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

$26,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Gill	Treasurer	15.00	Officer	$19,080	$0	$19,080
Charles Green	Second Chair	2.00	Officer	$7,200	$0	$7,200
Michael Breedlove	Supervisory Member	2.00	Director	$0	$0	$0
Jonathan M Carter	Supervisory Member	2.00	Director	$0	$0	$0
Roger L Huntley	Supervisory Member	2.00	Director	$0	$0	$0
Phil Shaffer	Supervisory Member	2.00	Director	$0	$0	$0
Edward Woods	Supervisory Member	2.00	Director	$0	$0	$0
Myron Boggess	Chairman	5.00	Officer	$0	$0	$0
Rick Cottrell	First Chair	2.00	Officer	$0	$0	$0
Brandon Jones	Secretary	10.00	Officer	$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	No data	No data	No data	No data
2023	$409,574	$395,512	$9,087,183	$14,062
2022	$272,809	$268,610	$9,241,159	$4,199
2021	$258,489	$256,853	$9,191,607	$1,636
2020	$335,703	$299,918	$8,856,144	$35,785

Credit Unions Chartered in the State of WV