HANESBRANDS CREDIT UNION (EIN 560252055) - 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

1937

Legal Domicile

Principal Officer

JOHN HEWES

Phone

3365197528

Tax Period

2019-01-01 to 2019-08-31

HANESBRANDS CREDIT UNION, founded in 1937, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2019. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 56% operating deficit.

Mission

OPERATION OF FEDERALLY-INSURED, STATE 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $699,541

Investment Income $328,919

Other Revenue $0

TOTAL REVENUE $1,028,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,881

Fundraising Expenses $0

Program Expenses $1,601,226

Other Expenses $917,345

TOTAL EXPENSES $1,601,226

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,028,460	$1,574,386	-0.3%
Expenses	$1,601,226	$1,418,817	+0.1%
Net Income	$-572,766	$155,569	-4.7%

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

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

$278,940

Total Directors

$158,827

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HEWES	PRES	40.00	Officer Director	$158,827	$0	$158,827
KATHY ALEXANDER	MGR.- MEMBER	40.00	Officer	$120,113	$0	$120,113
DAMIAN BIRKEL	DIRECTOR	3.00	Director	$0	$0	$0
BRUCE BOWERS	VICE CHAIR	3.00	Director	$0	$0	$0
DELPHINE DENNIS	SEC	3.00	Director	$0	$0	$0
CODY HOYT	DIRECTOR	3.00	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
2019	$1,028,460	$1,601,226	No data	$-572,766
2018	$1,574,386	$1,418,817	$42,331,722	$155,569

HANESBRANDS CREDIT UNION