STATE CHARTERED CREDIT UNION IN NORTH CAROLINA (EIN 566047303) - 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

1941

Legal Domicile

Principal Officer

CHARLES JOHNSON

Phone

2528230119

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA, founded in 1941, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2025.

Mission

TO OPERATE A STATE CHARTERED 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,985,040

Investment Income $100,251

Other Revenue $0

TOTAL REVENUE $4,085,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,235,685

Fundraising Expenses $0

Program Expenses $4,399,954

Other Expenses $3,164,269

TOTAL EXPENSES $4,399,954

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,085,291	$4,033,271	+0.0%
Expenses	$4,399,954	$4,010,827	+0.1%
Net Income	$-314,663	$22,444	-15.0%

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

$250,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES L JOHNSON	CEO BOARD SECRETARY BOARD TREASURER BOARD MEMBER	40.00	Officer	$147,446	$0	$147,446
SABRINA BYNUM	BOARD MEMBER	2.00	Director	$0	$0	$0
BELINDA GURKINS	BOARD VICE CHAIRPERSON BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUNE CARLISLE	BOARD CHAIRPERSON BOARD MEMBER	2.00	Director	$0	$0	$0
JARVIS PETTAWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCUS WILLOUGHBY	BOARD MEMBER	2.00	Director	$0	$0	$0
FATE TOLSTON	VP	40.00	Officer	$103,150	$0	$103,150

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	$4,085,291	$4,399,954	$53,632,489	$-314,663
2024	$4,033,271	$4,010,827	$51,781,324	$22,444
2023	$3,569,382	$3,466,739	$52,003,379	$102,643
2022	$2,992,888	$2,690,662	$48,536,514	$302,226
2021	$2,489,741	$2,640,240	$51,559,939	$-150,499
2020	$3,089,462	$2,710,690	$62,340,253	$378,772
2019	$3,109,404	$4,003,075	$63,189,111	$-893,671
2018	$3,553,270	$3,865,858	$62,696,529	$-312,588

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA