CORE CREDIT UNION (EIN 586220616) - 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

1974

Legal Domicile

Principal Officer

ROBERT CLAMPETT

Phone

9127649846

Tax Period

2024-01-01 to 2024-12-31

CORE CREDIT UNION, founded in 1974, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $8.7M left a modest 7% surplus.

Mission

NON PROFIT FINANCIAL INSTITUTION

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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 $5,462,534

Investment Income $982,024

Other Revenue $2,890,678

TOTAL REVENUE $9,335,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,896,521

Fundraising Expenses $0

Program Expenses $8,719,996

Other Expenses $4,823,475

TOTAL EXPENSES $8,719,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,335,236	$6,337,000	+0.5%
Expenses	$8,719,996	$5,437,000	+0.6%
Net Income	$615,240	$900,000	-0.3%

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

$289,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CLAMPETT	PRESIDENT/CE	45.00	Officer	$285,419	$4,030	$289,449
CHARLES WHALEN	VP FINANCE	45.00	Highest	$139,229	$0	$139,229
JILL BOYKIN	DIRECTOR	5.00	Director	$0	$0	$0
TROY BROWN	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS CASE	DIRECTOR	5.00	Director	$0	$0	$0
LUCRETIA DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
DEWAYNE GRICE	DIRECTOR	5.00	Director	$0	$0	$0
MARTY RAHN	DIRECTOR	5.00	Director	$0	$0	$0
LENWOOD ROBERTS	DIRECTOR	5.00	Director	$0	$0	$0
JOE RUHLAND	CHAIRMAN	5.00	Director	$0	$0	$0
JOHN TUCKER	SECRETARY	5.00	Director	$0	$0	$0
CLEVE WHITE	DIRECTOR	5.00	Director	$0	$0	$0
ALICIA YOUNG	VICE CHAIRMA	5.00	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
2024	$9,335,236	$8,719,996	$141,914,858	$615,240
2023	$6,337,000	$5,437,000	$129,570,000	$900,000
2022	$6,307,163	$5,422,088	$131,719,402	$885,075
2021	$6,397,000	$5,858,000	$116,245,000	$539,000
2019	$6,572,041	$6,568,608	$100,117,430	$3,433
2018	$5,623,410	$4,700,379	$96,203,529	$923,031

CORE CREDIT UNION