RIG EMPLOYEES CREDIT UNION

EIN: 586035176

MACON, GA

Total Revenue
$214,701
Total Expenses
$188,929
Total Assets
$6,815,022
Net Assets
$2,333,875
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
GA
Principal Officer
MELINDA SPENCER
Phone
4787843627
Tax Period
2023-01-01 to 2023-12-31

RIG EMPLOYEES CREDIT UNION, founded in 1949, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $189K left a modest 12% surplus.

Mission

STATE OF GEORGIA REGULATED MEMBER OWNED FINANCIAL INSTITUTION, PROVIDING FINANCIAL ASSISTANCE THROUGH DEPOSIT ACCOUNTS AND LOANS TO IT'S MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $145,534
Investment Income $54,150
Other Revenue $15,017
TOTAL REVENUE $214,701

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,406
Fundraising Expenses $0
Other Expenses $77,523
TOTAL EXPENSES $188,929

Year-over-Year Comparison

2023 2022 Change
Revenue $214,701 $192,794 +0.1%
Expenses $188,929 $201,547 -0.1%
Net Income $25,772 $-8,753 -3.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
2
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
1
$55,000
Total Directors
9
$0
Key Employees
1
$55,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROLLY N BROWN DIRECTOR/CREDIT COMMITTE MEMBER 1.00
Director
$0 $0 $0
TRACY SIMMONS PRESIDENT/MANAGER 40.00
Officer Key Emp
$55,000 $0 $55,000
RAYMON TIMLEY CREDIT COMMITTEE CHAIRMAN 1.00
Director
$0 $0 $0
H ALLEN PEELER DIRECTOR 1.00
Director
$0 $0 $0
JOHN FRAZIER DIRECTOR/MEMBER CREDIT COMMITTEE 1.00
Director
$0 $0 $0
TONY HUDSON DIRECTOR 1.00
Director
$0 $0 $0
JAMES MORRIS JR DIRECTOR 1.00
Director
$0 $0 $0
LUCAS DUNAWAY BOARD OF DIRECTORS/COMMITTEE MEMBER 1.00
Director
$0 $0 $0
CARL REED BOARD OF DIRECTORS/CREDIT COMMITTEE MEMBER 1.00
Director
$0 $0 $0
WILLIAM PARTIAN MEMBER BOARD OF DIRECTORS 1.00
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 No data No data No data No data
2023 $214,701 $188,929 $6,815,022 $25,772
2022 $192,794 $201,547 $7,710,751 $-8,753
2020 $221,932 $202,864 $8,127,230 $19,068
2019 $229,617 $203,051 $7,513,485 $26,566
Explore More Nonprofits
→Top 100 Nonprofits in Georgia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare RIG EMPLOYEES CREDIT UNION with other nonprofits in Georgia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.