SPARTANBURG CITY EMPLOYEES CREDIT UNION (EIN 570422259) - 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

JEREMY BLAKE PARKER

Phone

8645963732

Tax Period

2018-01-01 to 2018-12-31

SPARTANBURG CITY EMPLOYEES CREDIT UNION, founded in 1961, is a small nonprofit that reported $283K in total revenue in fiscal year 2018. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 17% operating margin.

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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $223,645

Investment Income $19,227

Other Revenue $39,747

TOTAL REVENUE $282,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,580

Fundraising Expenses $0

Program Expenses $221,217

Other Expenses $126,850

TOTAL EXPENSES $234,430

Year-over-Year Comparison

	2018	2017	Change
Revenue	$282,619	$191,774	+0.5%
Expenses	$234,430	$193,738	+0.2%
Net Income	$48,189	$-1,964	-25.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGUEL FERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD FRYE	TREASURER	1.00	Director	$0	$0	$0
SARA LEE	SECRETARY	1.00	Director	$0	$0	$0
TONY MCABEE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM MICHELS	PRESIDENT	2.00	Director	$0	$0	$0
PAUL SMITH	VICE PRESIDE	1.00	Director	$0	$0	$0
JEREMY BLAKE PARKER	MANAGER	50.00	Officer	$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
2018	$282,619	$234,430	$6,313,178	$48,189

SPARTANBURG CITY EMPLOYEES CREDIT UNION