NORTH GEORGIA CREDIT UNION (EIN 580677211) - 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

1941

Legal Domicile

Principal Officer

Brian Akin

Phone

7068861441

Tax Period

2023-01-01 to 2023-12-31

NORTH GEORGIA CREDIT UNION, founded in 1941, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 21% operating margin.

Mission

Not-for-profit financial cooperative providing thrift savings and borrowing to member-owners.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,260,286

Investment Income $369,854

Other Revenue $0

TOTAL REVENUE $6,630,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,625,840

Fundraising Expenses $0

Program Expenses $5,267,112

Other Expenses $2,641,272

TOTAL EXPENSES $5,267,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,630,140	$5,525,029	+0.2%
Expenses	$5,267,112	$4,516,142	+0.2%
Net Income	$1,363,028	$1,008,887	+0.4%

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

N/A

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

$609,196

Total Directors

Key Employees

$474,022

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian K Akin	President/CEO	50	Officer Key Emp	$385,113	$88,909	$474,022
Laura J Williams	Vice President	50	Officer	$113,063	$22,111	$135,174
Harold Harbin	Director & Audit/Supv Committee Chairman	2	Director	$0	$0	$0
Michael Herron	Treasurer	2	Director	$0	$0	$0
Juanita Worley	Board Secretary	2	Director	$0	$0	$0
Deborah Gibby	Board Vice Chairman	2	Director	$0	$0	$0
James Norris	Board Chairman	2	Director	$0	$0	$0
Tony Thomas	Director & Audit/Supv Committee Member	2	Director	$0	$0	$0
Tommy Ayers	Director & Audit/Supv Committee Member	2	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
2024	No data	No data	No data	No data
2023	$6,630,140	$5,267,112	$101,301,940	$1,363,028
2022	$5,525,029	$4,516,142	$91,531,060	$1,008,887
2021	$4,774,997	$4,188,374	$83,369,989	$586,623
2020	$4,608,454	$4,091,968	$75,236,125	$516,486
2019	$4,499,685	$4,023,966	$61,297,797	$475,719
2018	$4,162,731	$3,728,021	$58,720,302	$434,710

NORTH GEORGIA CREDIT UNION