CREDIT UNION OF GEORGIA (EIN 586034116) - 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

1960

Legal Domicile

Principal Officer

BRIAN ALBRECHT

Phone

6783222025

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNION OF GEORGIA, founded in 1960, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.3M, a strong 19% operating margin.

Mission

THE CREDIT UNION IS A COOPERATIVE ORGANIZED TO PROVIDE MEMBERS THRIFT SAVINGS AND BORROWINGS.

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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 $33,785,057

Investment Income $5,496,101

Other Revenue $0

TOTAL REVENUE $39,281,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,706,575

Fundraising Expenses $0

Other Expenses $21,245,414

TOTAL EXPENSES $31,951,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,281,158	$33,020,321	+0.2%
Expenses	$31,951,989	$25,145,761	+0.3%
Net Income	$7,329,169	$7,874,560	-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

135

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

$1,484,408

Total Directors

Key Employees

$481,902

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J LYNN RAINEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR FRANCES ROBERSON	DIRECTOR	1.00	Director	$0	$0	$0
DANNY SMITH	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JILL MUTIMER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL ANDERSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR RANDY REECE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FARMER	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN ALBRECHT	PRESIDENT/CEO	40.00	Officer	$481,416	$56,705	$538,121
KATHERYN DAY	EXECUTIVE VICE PRESIDENT	40.00	Officer	$270,579	$47,332	$317,911
BRIAN HAWKINS	CFO	40.00	Officer	$255,769	$48,347	$304,116
JASON WALKER	CLO	40.00	Officer	$227,409	$22,390	$249,799
WES HILLIARD	CTO	40.00	Officer	$72,023	$2,438	$74,461
JOSEPH MENNA	SENIOR MORTGAGE OFFICER	40.00	Key Emp	$237,190	$37,441	$274,631
LYNN ROSS	MORTGAGE OPERATIONS OFFICER	40.00	Key Emp	$187,311	$19,960	$207,271
THOMAS MCNUTT	VP OF INFORMATION TECHNOLO	40.00	Highest	$192,932	$41,970	$234,902
JOHN SHORT	VP OF HR AND TRAINING	40.00	Highest	$183,325	$37,341	$220,666
MELISSA BOTKINS	VP OF MORTGAGE	40.00	Highest	$177,934	$18,409	$196,343
AMANDA ARNOLD	DIRECTOR OF COMMUNITY OUTREACH	40.00	Highest	$147,896	$36,992	$184,888
DAVID DUNCAN	VP OF FINANCE AND ACCOUNTING	40.00	Highest	$147,764	$28,948	$176,712

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	$39,281,158	$31,951,989	$672,995,935	$7,329,169
2023	$33,020,321	$25,145,761	$633,212,391	$7,874,560
2022	$25,375,491	$19,078,588	$609,216,760	$6,296,903
2021	$21,135,096	$17,108,292	$568,450,220	$4,026,804
2020	$18,641,670	$16,099,324	$465,219,704	$2,542,346
2019	$17,955,695	$14,760,936	$353,481,336	$3,194,759
2018	$16,953,800	$12,195,919	$321,563,436	$4,757,881

CREDIT UNION OF GEORGIA