GEORGIA UNITED CREDIT UNION (EIN 580800932) - 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

1958

Legal Domicile

Principal Officer

ROBERT BOGART

Phone

7704766487

Tax Period

2023-01-01 to 2023-12-31

GEORGIA UNITED CREDIT UNION, founded in 1958, is a major nonprofit that reported $125.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.1M, a strong 18% operating margin.

Mission

GA UNITED CREDIT UNION WAS ORGANIZED IN 1958 TO SERVE OUR MEMBERS' FINANCIAL NEEDS. AS A CREDIT UNION, WE OPERATE AS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT ENCOURAGES THRIFT BY PROVIDING LOANS AT FAIR AND REASONABLE RATES, PAYING COMPETITIVE DIVIDENDS ON SAVINGS PRODUCTS AND IMPLEMENTING FEWER SERVICE FEES FOR OVERALL ACCOUNT MAINTNANCE. INSTEAD OF BEING RUN BY STOCKHOLDERS, WE ARE OWNED BY OUR MEMBERS. EACH MEMBER OWNS AN EQUAL SHARE REGARDLESS OF HIS OR HER ACCOUNT BALANCE. THE BOARD OF DIRECTORS ARE ELECTED BY OUR MEMBERS.

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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 $114,481,418

Investment Income $8,780,182

Other Revenue $1,840,629

TOTAL REVENUE $125,102,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,834,544

Fundraising Expenses $0

Other Expenses $42,735,487

TOTAL EXPENSES $102,025,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,102,229	$92,912,725	+0.3%
Expenses	$102,025,868	$68,368,106	+0.5%
Net Income	$23,076,361	$24,544,619	-0.1%

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

438

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

$2,534,598

Total Directors

Key Employees

$3,734,284

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DICKSON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
EDWIN BELL	SECRETARY	5.00	Officer Director	$0	$0	$0
REV MARK STARR	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID ARNER	DIRECTOR	5.00	Director	$0	$0	$0
JASON BRANCH	DIRECTOR	5.00	Director	$0	$0	$0
SANDY BURNEY	DIRECTOR	5.00	Director	$0	$0	$0
STEVE GEDDES	DIRECTOR	5.00	Director	$0	$0	$0
CINDY SALLOUM	DIRECTOR	5.00	Director	$0	$0	$0
DEBBIE SMITH	CEO	45.00	Officer	$1,036,878	$15,545	$1,052,423
LAURA KING	PRESIDENT	45.00	Officer	$582,850	$250,704	$833,554
ROBERT BOGART	CFO	45.00	Officer	$467,423	$181,198	$648,621
MICHAEL LONDON	CSO	45.00	Key Emp	$810,876	$54,612	$865,488
THOMAS BARTHOLOMEW	CIO	45.00	Key Emp	$470,155	$174,397	$644,552
STEPHANIE WALKER	COO	45.00	Key Emp	$382,936	$112,233	$495,169
CAROLINA KING	CPO	45.00	Key Emp	$343,320	$126,652	$469,972
TODD LAMBRIGHT	CHIEF EXPERIENCE OFFICER	45.00	Key Emp	$314,490	$73,650	$388,140
SOPHIA ROLLINS	SVP RISK MANAGEMENT	45.00	Key Emp	$246,293	$57,680	$303,973
ANDREW WOODMAN	SVP MORTGAGE LENDING AND L	45.00	Key Emp	$266,027	$23,062	$289,089
CYNTHIA CONNELLY	SVP GOVT AFFAIRS & OUTREACH	45.00	Key Emp	$257,441	$20,460	$277,901
AMANDA WHITSON	SVP LENDING	45.00	Highest	$245,068	$81,416	$326,484
ROBERT HUTCHINSON	SVP INFORMATION SYSTEMS	45.00	Highest	$228,432	$54,117	$282,549
MELINDA GREENLAND	SVP PEOPLE & DEVELOPMENT	45.00	Highest	$227,857	$50,029	$277,886
ANDREW FRAZIER	SVP NETWORK INFRASTRUCTURE	45.00	Highest	$231,550	$45,181	$276,731
TAMMY DANIELS	SVP GLOBAL PAYMENTS	45.00	Highest	$207,952	$50,700	$258,652

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	$125,102,229	$102,025,868	$2,117,805,555	$23,076,361
2022	$92,912,725	$68,368,106	$2,035,662,864	$24,544,619
2021	$80,835,681	$70,132,903	$1,880,574,240	$10,702,778
2020	$80,581,564	$78,345,994	$1,731,882,389	$2,235,570
2019	$78,453,973	$68,021,268	$1,414,020,457	$10,432,705
2018	$70,846,830	$63,188,939	$1,358,046,491	$7,657,891

GEORGIA UNITED CREDIT UNION