CREDIT UNION OF ATLANTA (EIN 581097538) - 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

1928

Legal Domicile

Principal Officer

DEBRA COLLINS

Phone

4046586465

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNION OF ATLANTA, founded in 1928, is a community nonprofit in the Public & Societal Benefit sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.5M left a modest 4% surplus.

Mission

TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,416,044

Investment Income $0

Other Revenue $2,360,273

TOTAL REVENUE $5,776,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,999,147

Fundraising Expenses $0

Other Expenses $3,343,214

TOTAL EXPENSES $5,530,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,776,317	$6,259,154	-0.1%
Expenses	$5,530,428	$5,534,144	0.0%
Net Income	$245,889	$725,010	-0.7%

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

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

$176,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE M CANIDATE	VICE CHAIR	15.00	Director	$0	$0	$0
CHARLES BELL	DIRECTOR	15.00	Director	$0	$0	$0
MELISSA DAVIS	DIRECTOR	15.00	Director	$0	$0	$0
REGGIE GRANT	CHAIRMAN OF THE BOARD	25.00	Director	$0	$0	$0
CALVIN TUCKER	DIRECTOR	15.00	Director	$0	$0	$0
ALFRED BERRY JR	DIRECTOR	15.00	Director	$0	$0	$0
ANTHONY NICKS	DIRECTOR	15.00	Director	$0	$0	$0
ROSALIND RUBENS NEWELL	SECRETARY/TREASURER	15.00	Director	$0	$0	$0
LANITA WILLIAMS	DIRECTOR	15.00	Director	$0	$0	$0
DEBRA COLLINS	CEO	55.00	Officer	$176,453	$0	$176,453

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	$5,776,317	$5,530,428	$78,624,013	$245,889
2023	No data	No data	No data	No data
2022	$5,693,754	$5,124,026	$82,573,994	$569,728

CREDIT UNION OF ATLANTA