GREATER KENTUCKY CREDIT UNION INC (EIN 616026508) - 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

1953

Legal Domicile

Principal Officer

Michael Little

Phone

8592319300

Tax Period

2023-01-01 to 2023-12-31

GREATER KENTUCKY CREDIT UNION INC, founded in 1953, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.8M left a modest 8% surplus.

Mission

We are a tax exempt credit union providing share and loan services to members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,215,670

Investment Income $786,071

Other Revenue $1,322,572

TOTAL REVENUE $6,324,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,806,582

Fundraising Expenses $0

Program Expenses $5,794,026

Other Expenses $3,987,445

TOTAL EXPENSES $5,794,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,324,313	$5,100,885	+0.2%
Expenses	$5,794,027	$4,577,527	+0.3%
Net Income	$530,286	$523,358	+0.0%

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

$588,235

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Pyle	Exec Director/CEO	40	Officer	$239,954	$25,482	$265,436
Michael Little	CFO/Controller	40	Officer	$110,704	$7,640	$118,344
Julie Logan	Vice President	40	Officer	$97,200	$13,560	$110,760
Devon Adams	Vice President	40	Officer	$87,889	$5,806	$93,695
Ken Hadley	Chairman	2	Director	$0	$0	$0
Bill Spears	Board Member	2	Director	$0	$0	$0
Karl Stoerzer	Secretary	2	Director	$0	$0	$0
Christina Stewart	Treasurer	2	Director	$0	$0	$0
Gary Walker	Vice Chairman	2	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	$6,324,313	$5,794,027	$94,799,663	$530,286
2022	$5,100,885	$4,577,527	$95,065,792	$523,358
2021	$5,288,547	$4,676,625	$88,942,004	$611,922
2020	$5,006,684	$4,835,055	$88,322,382	$171,629
2019	$5,249,228	$4,816,570	$87,753,023	$432,658
2018	$5,095,498	$4,433,642	$82,789,791	$661,856

GREATER KENTUCKY CREDIT UNION INC