GEORGIA'S OWN CREDIT UNION (EIN 580147128) - 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

1943

Legal Domicile

Principal Officer

DAVID A PRETER

Phone

4045751817

Tax Period

2024-01-01 to 2024-12-31

GEORGIA'S OWN CREDIT UNION, founded in 1943, is a major nonprofit that reported $284.6M in total revenue in fiscal year 2024.

Mission

BANKING ON PURPOSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $258,408,072

Investment Income $26,212,764

Other Revenue $0

TOTAL REVENUE $284,620,836

Expense Breakdown

Grants Paid $283,761

Salaries & Benefits $81,860,259

Fundraising Expenses $0

Other Expenses $216,671,246

TOTAL EXPENSES $298,815,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,620,836	$290,906,366	0.0%
Expenses	$298,815,266	$276,773,964	+0.1%
Net Income	$-14,194,430	$14,132,402	-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

701

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

$2,042,179

Total Directors

$1,839,888

Key Employees

$8,679,710

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E BURNS	DIRECTOR-CHAIRPERSON	1.00	Director	$51,404	$0	$51,404
DAVID DICKEY	DIRECTOR- VICE CHAIRPERSON	1.00	Director	$39,490	$0	$39,490
JOAN K SIMS	DIRECTOR- SECRETARY	1.00	Director	$36,490	$0	$36,490
PATRICK H CASEY	DIRECTOR- TREASURER	1.00	Director	$36,490	$0	$36,490
MICHAEL W BAUMGARTNER	DIRECTOR	1.00	Director	$36,490	$0	$36,490
WILLIAM E CONINE	DIRECTOR	1.00	Director	$36,490	$0	$36,490
JAMES L FOWLER	DIRECTOR	1.00	Director	$36,490	$0	$36,490
GARY M LUDGOOD	DIRECTOR	1.00	Director	$39,490	$0	$39,490
THOMAS H POLLOCK	DIRECTOR	1.00	Director	$36,300	$0	$36,300
ERVIN M WALKER	DIRECTOR	1.00	Director	$40,679	$0	$40,679
GEORGE REYNOLDS	DIRECTOR	1.00	Director	$36,578	$0	$36,578
DAVID A PRETER	DIRECTOR/CEO	40.00	Officer Director	$1,338,747	$74,750	$1,413,497
CHRISTIN HEWITT	CHIEF FINANCIAL OFFICER	40.00	Officer	$576,611	$52,071	$628,682
KELLEY GARMON	EVP, CHIEF RETAIL OFFICER	40.00	Key Emp	$2,236,875	$74,295	$2,311,170
BARRY HEAPE	PRESIDENT MARKET DEVELOPME	40.00	Key Emp	$1,389,329	$60,010	$1,449,339
ERIC BROOME	EVP, CHIEF OPERATIONS OFFI	40.00	Key Emp	$862,264	$327,473	$1,189,737
MICHAEL SIMS	SVP, MARKET EXECUTIVE, SBA	40.00	Key Emp	$796,418	$306,752	$1,103,170
JOHN CAREW	CHIEF STRATEGY OFFICER	40.00	Key Emp	$613,408	$79,144	$692,552
CINDY BOYLES	CHIEF TALENT & ADMINISTRAT	40.00	Key Emp	$533,968	$69,447	$603,415
MATTHEW HAVICE	CHIEF RISK OFFICER & GENER	40.00	Key Emp	$509,715	$177,593	$687,308
KEVAN WILLIAMSON	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$496,501	$146,518	$643,019
ROBERT YOUNGBLOOD	REGIONAL PRESIDENT SOUTHWE	40.00	Highest	$752,212	$32,662	$784,874
RODNEY COWAN	SVP, HUMAN RESOURCES	40.00	Highest	$580,634	$41,738	$622,372
SANJAY MALHOTRA	REGIONAL PRESIDENT, ATLANTA REGION	40.00	Highest	$527,590	$262,295	$789,885
CASSY FERRELL	SVP, TREASURY OPERATIONS	40.00	Highest	$424,368	$167,397	$591,765
TERESA MARTIN	SVP, ACCOUNTING	40.00	Highest	$330,740	$58,889	$389,629

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
2024	$284,620,836	$298,815,266	$4,185,511,517	$-14,194,430
2023	$290,906,366	$276,773,964	$4,282,369,899	$14,132,402
2022	$209,813,141	$169,819,859	$4,739,869,220	$39,993,282
2021	$147,500,350	$122,866,727	$3,419,402,865	$24,633,623
2020	$151,783,813	$161,783,816	$2,934,363,474	$-10,000,003
2019	$142,869,720	$124,036,400	$2,494,603,277	$18,833,320
2019	$142,869,720	$121,843,834	$2,494,603,277	$21,025,886
2018	$130,821,829	$111,418,369	$2,406,137,741	$19,403,460

GEORGIA'S OWN CREDIT UNION