GPA CREDIT UNION (EIN 580905125) - 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

1952

Legal Domicile

Principal Officer

Robert J Cole

Phone

9129635580

Tax Period

2023-01-01 to 2023-12-31

GPA CREDIT UNION, founded in 1952, is a small nonprofit that reported $616K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 109% operating deficit.

Mission

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

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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 $288,347

Investment Income $200,360

Other Revenue $127,450

TOTAL REVENUE $616,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,068

Fundraising Expenses $0

Program Expenses $0

Other Expenses $997,696

TOTAL EXPENSES $1,285,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$616,157	$523,490	+0.2%
Expenses	$1,285,764	$553,044	+1.3%
Net Income	$-669,607	$-29,554	+21.7%

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

$233,699

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert J Cole	President	40	Officer	$148,931	$0	$148,931
Gina Bogalis	Board Secretary	40	Officer	$84,768	$0	$84,768
Jim A Williams	Chairman	1	Director	$0	$0	$0
Chris A Smith	Board Member	1	Director	$0	$0	$0
Guy T Buck	Board Member	1	Director	$0	$0	$0
Beverly S Askey	Audit Committee Chair/Board Member	1	Director	$0	$0	$0
William Randy Hutcheson	Board Member	1	Director	$0	$0	$0
James R Murray	Credit Committee Chair/Board Member	1	Director	$0	$0	$0
Peter J Schandolph	Board Member	1	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
2023	$616,157	$1,285,764	$14,327,723	$-669,607
2022	$523,490	$553,044	$16,343,207	$-29,554
2021	$494,244	$531,041	$15,869,833	$-36,797
2020	$559,684	$530,006	$14,748,464	$29,678
2019	$628,491	$537,374	$13,965,291	$91,117
2018	$593,595	$528,527	$13,890,240	$65,068

GPA CREDIT UNION