MID CAROLINA CREDIT UNION (EIN 570421351) - 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

1961

Legal Domicile

Principal Officer

DEAN SCARBOROUGH

Phone

8034328521

Tax Period

2025-01-01 to 2025-12-31

MID CAROLINA CREDIT UNION, founded in 1961, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $10.5M left a modest 11% surplus.

Mission

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 $8,000

Program Service Revenue $9,944,488

Investment Income $1,903,459

Other Revenue $0

TOTAL REVENUE $11,855,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,371,656

Fundraising Expenses $0

Program Expenses $10,104,355

Other Expenses $7,158,591

TOTAL EXPENSES $10,530,247

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,855,947	$10,699,771	+0.1%
Expenses	$10,530,247	$10,260,826	+0.0%
Net Income	$1,325,700	$438,945	+2.0%

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

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

$763,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN SCARBOROUGH	CEO	40.00	Officer	$184,527	$14,424	$198,951
MICHAEL JENSEN	VP OF IT	40.00	Officer	$148,288	$17,262	$165,550
JENNIFER CAUTHEN	CFO	40.00	Officer	$144,827	$6,429	$151,256
JOSH WILSON	VP OF OPERAT	40.00	Officer	$137,713	$2,982	$140,695
KIM SULLIVAN	VP OF LENDIN	40.00	Officer	$102,008	$4,847	$106,855
DENNIS ARLEDGE	CHAIRMAN	N/A	Director	$0	$0	$0
LINDA G CARTER	BOARD MEMBER	N/A	Director	$0	$0	$0
CHERYL COLVIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOANN HANKS	SECRETARY	N/A	Director	$0	$0	$0
CHALMERS EUGENE HORNSBY	VICE CHAIRMA	N/A	Director	$0	$0	$0
MIKE JONES	TREASURER	N/A	Director	$0	$0	$0
ROBERT MURPHY	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG NETTLES	BOARD MEMBER	N/A	Director	$0	$0	$0
WANDA SWANN	BOARD MEMBER	N/A	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
2025	$11,855,947	$10,530,247	$182,159,226	$1,325,700
2024	No data	No data	No data	No data
2023	$9,557,257	$8,396,539	$171,945,643	$1,160,718
2022	$7,635,351	$6,772,731	$167,193,089	$862,620
2021	$7,013,266	$6,675,639	$167,105,736	$337,627
2020	$6,681,068	$6,503,907	$151,862,006	$177,161
2019	$7,108,620	$6,583,744	$135,073,348	$524,876
2018	$6,821,639	$6,504,540	$131,863,608	$317,099

MID CAROLINA CREDIT UNION