STATE CHARTERED CREDIT UNION IN NORTH CAROLINA (EIN 566064830) - 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

1948

Legal Domicile

Phone

9194939883

Tax Period

2022-01-01 to 2022-12-31

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA, founded in 1948, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $3K exceeded revenue, resulting in a 47% operating deficit.

Mission

This organization is a church-owned Credit Union and is owned by the shareholders who are members of Mount Vernon Baptist Church or affiliated with Mount Vernon Baptist Church. This organization is non-profit and there are no employees. All workers are volunteers and are not paid salaries including the president manager treasurer and secretary.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,005

Program Service Revenue $0

Investment Income $35

Other Revenue $1,073

TOTAL REVENUE $2,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,099

TOTAL EXPENSES $3,099

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,113	$1,273	+0.7%
Expenses	$3,099	$2,678	+0.2%
Net Income	$-986	$-1,405	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Rogers	President	4.00	Officer	$0	$0	$0
N/A	Vice President	4.00	Officer	$0	$0	$0
Geraldine Young	Secretary and Bank Secrecy Act Officer	6.00	Officer	$0	$0	$0
Rosalyn Cole	Treasurer Manager	8.00	Officer	$0	$0	$0
Kevin Robinson	Director	1.00	Director	$0	$0	$0
Alfred Rogers	Director	1.00	Director	$0	$0	$0
Deborah Wilson	Director	1.00	Director	$0	$0	$0
Margaret Burwell	Director	1.00	Director	$0	$0	$0
Ruby Philyaw	Director	1.00	Director	$0	$0	$0
Oscar Vereen	Director	1.00	Director	$0	$0	$0
Gertrude Davis	Director	1.00	Director	$0	$0	$0
Carrie McNair	Director	1.00	Director	$0	$0	$0
Edna Garrett	Director	1.00	Director	$0	$0	$0
John Smith	Director	1.00	Director	$0	$0	$0
Annie Pegram	Director	1.00	Director	$0	$0	$0
Jairus Wilson	Director	1.00	Director	$0	$0	$0
Christine Hawley	Director	1.00	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
2022	$2,113	$3,099	$142,980	$-986
2021	$1,273	$2,678	$141,143	$-1,405
2020	No data	No data	$159,670	No data

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA