HEALTH CENTER CREDIT UNION

EIN: 581256173

AUGUSTA, GA

Total Revenue
$1,518,327
Total Expenses
$2,676,091
Total Assets
N/A
Net Assets
N/A
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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
1976
Legal Domicile
GA
Principal Officer
STACY A TALLENT
Phone
7064341600
Tax Period
2023-01-01 to 2023-06-30

HEALTH CENTER CREDIT UNION, founded in 1976, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 76% operating deficit.

Mission

STATE CHARTERED CREDIT UNION - PROVIDES DEPOSIT PRODUCTS, PAYMENT SERVICES, AUTO LOANS, ATM SERVICES, VISA CREDIT CARDS AND SAFE DEPOSIT BOXES FOR THE MEMBERS. ALSO, SALE OF LOAN PROTECTION PRODUCTS SUCH AS GAP, WARRANTIES, AND SINGLE PREMIUM LIFE AND DISABILITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,851,595
Investment Income $-345,875
Other Revenue $12,607
TOTAL REVENUE $1,518,327

Expense Breakdown

Grants Paid $35,157
Salaries & Benefits $676,357
Fundraising Expenses $0
Other Expenses $1,964,577
TOTAL EXPENSES $2,676,091

Year-over-Year Comparison

2023 2022 Change
Revenue $1,518,327 $3,984,525 -0.6%
Expenses $2,676,091 $3,378,964 -0.2%
Net Income $-1,157,764 $605,561 -2.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
18
Volunteers
10

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
3
$207,146
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT GRAYBILL BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES SANFORD BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE WREN BOARD MEMBER 1.00
Director
$0 $0 $0
DALTON BRANNEN BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
LIBBY POTEET BOARD CHAIRPERSON 1.00
Director
$0 $0 $0
AISHA LAVIN BOARD VICE CHAIRPERSON 1.00
Director
$0 $0 $0
CAROLYN BURNS BOARD MEMBER 1.00
Director
$0 $0 $0
JACK EVANS BOARD SECRETARY/TREASURER 1.00
Director
$0 $0 $0
PATRICK HATCH BOARD MEMBER 1.00
Director
$0 $0 $0
STACY A TALLENT PRESIDENT/CEO 40.00
Officer
$64,723 $21,992 $86,715
LISA B MAHAFFEY SENIOR VICE PRESIDENT 40.00
Officer
$54,735 $17,308 $72,043
MELISSA K HAFFLY VICE PRESIDENT 40.00
Officer
$37,684 $10,704 $48,388
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 $1,518,327 $2,676,091 No data $-1,157,764
2022 $3,984,525 $3,378,964 $71,894,689 $605,561
2021 $3,456,266 $3,163,168 $71,769,219 $293,098
2019 $3,701,989 $3,120,302 $52,068,688 $581,687
2018 $3,369,514 $3,129,581 $51,298,760 $239,933
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