STATE CHARTERED CREDIT UNION IN NORTH CAROLINA ECUSTA CREDIT UNION (EIN 561139784) - 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

1976

Legal Domicile

Principal Officer

DORA BLANCHARD

Phone

8288847283

Tax Period

2023-01-01 to 2023-10-31

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA ECUSTA CREDIT UNION, founded in 1976, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.4M left a modest 5% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AT A REASONABLE RATE AND TO BE ABLE TO PAY REASONABLE DIVIDENDS ON MEMBER SHARE ACCOUNTS.

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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 $1,642,174

Investment Income $935,100

Other Revenue $0

TOTAL REVENUE $2,577,274

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $517,622

Fundraising Expenses $0

Other Expenses $1,922,283

TOTAL EXPENSES $2,440,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,577,274	$3,019,459	-0.1%
Expenses	$2,440,905	$3,071,452	-0.2%
Net Income	$136,369	$-51,993	-3.6%

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

$132,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA M MCCRARY	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
BILL BRYSON JR	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
GARY HOLLIFIELD	BOARD SECRETARY	1.00	Director	$0	$0	$0
MICHAEL G WOOD	BOARD TRESSURER	1.00	Director	$0	$0	$0
HELEN YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM GARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE LANDRETH	BOARD MEMBER	1.00	Director	$0	$0	$0
DORA BLANCHARD	MANAGER	40.00	Officer	$39,763	$11,230	$50,993
LISA RATHBURN	MANAGER	40.00	Officer	$37,368	$3,318	$40,686
ELVIRA ADAME-TAPIA	ACCOUNTING CLERK	40.00	Officer	$35,767	$5,116	$40,883

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
2023	$2,577,274	$2,440,905	No data	$136,369
2022	$3,019,459	$3,071,452	$79,720,628	$-51,993
2021	$2,874,308	$2,488,296	$78,454,235	$386,012
2020	$2,714,002	$2,396,658	$69,627,390	$317,344
2019	$2,796,017	$2,482,456	$60,385,067	$313,561
2018	$2,523,595	$2,306,328	$62,207,511	$217,267

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA ECUSTA CREDIT UNION