GREATER KINSTON CREDIT UNION (EIN 560895888) - 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

1952

Legal Domicile

Principal Officer

JONTAE SHERROD

Phone

2525274002

Tax Period

2023-01-01 to 2023-12-31

GREATER KINSTON CREDIT UNION, founded in 1952, is a small nonprofit that reported $827K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $756K left a modest 9% surplus.

Mission

TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES.

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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 $29,633

Program Service Revenue $658,348

Investment Income $139,157

Other Revenue $0

TOTAL REVENUE $827,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,716

Fundraising Expenses $0

Other Expenses $447,569

TOTAL EXPENSES $756,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$827,138	$756,469	+0.1%
Expenses	$756,285	$624,700	+0.2%
Net Income	$70,853	$131,769	-0.5%

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

$95,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY COCHRAN	CHAIRPERSON	1.00	Director	$0	$0	$0
NATASHA ROUSE	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JOSHUA KELLY	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
PRESTON HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
FAITH BYNUM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SWINSON IV	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA COX-DAUGHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICH HUTSON	DIRECTOR	1.00	Director	$0	$0	$0
JAIMIE SPRUILL	CEO	40.00	Officer	$95,066	$0	$95,066

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	$827,138	$756,285	$14,059,946	$70,853
2022	$756,469	$624,700	$13,523,496	$131,769
2021	$793,355	$624,837	$13,281,741	$168,518
2020	$938,867	$742,005	$13,521,029	$196,862
2019	$863,244	$723,186	$11,624,191	$140,058
2018	$678,452	$642,000	$11,407,950	$36,452

GREATER KINSTON CREDIT UNION