ECCO CREDIT UNION (EIN 596137995) - 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

1956

Legal Domicile

Principal Officer

CHARLES O'QUINN

Phone

8509946982

Tax Period

2024-01-01 to 2024-12-31

ECCO CREDIT UNION, founded in 1956, is a small nonprofit that reported $824K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $136K, a strong 17% operating margin.

Mission

SAVINGS AND COMPETITIVE LOANS. ECCO CREDIT UNION IS A NONPROFIT COOPERATIVE INSTITUTION FORMED FOR THE PURPOSE OF ENCOURAGING SAVINGS BY OFFERING A GOOD RETURN AND USING COLLECTIVE MONIES.

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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 $757,987

Investment Income $65,571

Other Revenue $0

TOTAL REVENUE $823,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,674

Fundraising Expenses $0

Other Expenses $421,607

TOTAL EXPENSES $687,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$823,558	$720,790	+0.1%
Expenses	$687,281	$679,485	+0.0%
Net Income	$136,277	$41,305	+2.3%

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

$139,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WA LOWERY	TREASURER	1.00	Director	$0	$0	$0
DONALD RAGLAND	SECURITY	1.00	Director	$0	$0	$0
DENNIS COOPER	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID HART	VICE CHAIRMA	1.00	Director	$0	$0	$0
PAUL BRADLEY	SECRETARY	1.00	Director	$0	$0	$0
CHARLES O'QUINN	PRESIDENT	20.00	Officer	$13,895	$0	$13,895
STEPHANIE H GRAVES	FORMER PRESI	40.00	Officer	$126,021	$0	$126,021

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	$823,558	$687,281	$17,611,408	$136,277
2023	$720,790	$679,485	$19,499,034	$41,305
2022	$783,000	$573,976	$23,271,046	$209,024
2021	$704,892	$583,930	$24,853,995	$120,962
2020	$813,797	$650,053	$24,830,335	$163,744
2019	$862,385	$651,317	$22,553,063	$211,068
2018	$856,558	$633,190	$22,970,870	$223,368

ECCO CREDIT UNION