STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA (EIN 581679069) - 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

1981

Legal Domicile

Phone

7048736400

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA, founded in 1981, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Provide financial services at a reasonable rate.

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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 $228,509

Investment Income $66,910

Other Revenue $26,414

TOTAL REVENUE $321,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,804

Fundraising Expenses $0

Program Expenses $0

Other Expenses $199,853

TOTAL EXPENSES $324,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,833	$296,737	+0.1%
Expenses	$324,657	$322,733	+0.0%
Net Income	$-2,824	$-25,996	-0.9%

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

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

$40,952

Total Directors

$40,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ginger Waddell	Treasurer Secretary	32	Officer Director	$40,952	$0	$40,952
Frank Furches Jr	President	10	Officer Director	$0	$0	$0
William R Dellinger	Vice President	10	Officer Director	$0	$0	$0
Darlene Tucker	Director	5	Officer Director	$0	$0	$0
Keith Williams	Director	5	Officer 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	$321,833	$324,657	$5,482,773	$-2,824
2023	$296,737	$322,733	$5,380,087	$-25,996
2022	$236,806	$249,850	$5,153,142	$-13,044
2021	$216,666	$260,584	$5,119,905	$-43,918
2020	$170,290	$236,639	$4,344,496	$-66,349
2019	$208,290	$226,207	$4,088,797	$-17,917

STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA