THE SAVANNAH POSTAL CREDIT UNION (EIN 580626152) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

NICHOLE WILLIAMS

Phone

9126912087

Tax Period

2023-01-01 to 2023-12-31

THE SAVANNAH POSTAL CREDIT UNION, founded in 1952, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 31% operating margin.

Mission

To provide thrift savings and borrowings to members of an owned cooperative.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $701,259

Investment Income $467,494

Other Revenue $338,057

TOTAL REVENUE $1,506,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,064

Fundraising Expenses $0

Other Expenses $565,920

TOTAL EXPENSES $1,046,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,506,810	$1,103,568	+0.4%
Expenses	$1,046,992	$1,061,273	0.0%
Net Income	$459,818	$42,295	+9.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$60,561

Total Directors

$70,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDA HENDERSON	DIRECTOR	50.00	Director	$70,582	$0	$70,582
DAVID USHER	CHAIRMAN	0.00	Director	$0	$0	$0
JUDITH ROGERS	AUDIT COMMITTEE CHAIR	0.00	Director	$0	$0	$0
SHELBY PEARSON	SECRETARY	0.00	Director	$0	$0	$0
EVELYN BROWN	CREDIT COMMITTEE CHAIR	0.00	Director	$0	$0	$0
NICHOLE WILLIAMS	PRESIDENT/CEO	50.00	Officer	$60,561	$0	$60,561

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	No data	No data	No data	No data
2023	$1,506,810	$1,046,992	$24,797,171	$459,818
2022	$1,103,568	$1,061,273	$25,881,580	$42,295
2021	$902,677	$987,592	$24,804,606	$-84,915
2020	$976,320	$1,077,371	$22,462,762	$-101,051
2019	$1,185,398	$1,050,716	$19,092,468	$134,682
2018	$1,090,698	$1,048,358	$19,143,704	$42,340

THE SAVANNAH POSTAL CREDIT UNION