NEW SOUTH CREDIT UNION (EIN 620548824) - 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

1952

Legal Domicile

Principal Officer

Richard C Schulz

Phone

8655230757

Tax Period

2024-01-01 to 2024-12-31

NEW SOUTH CREDIT UNION, founded in 1952, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $763K, a strong 19% operating margin.

Mission

Credit Union - to provide financial 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,243,268

Investment Income $1,212,249

Other Revenue $563,488

TOTAL REVENUE $4,019,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,313,761

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,942,161

TOTAL EXPENSES $3,255,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,019,005	$3,258,976	+0.2%
Expenses	$3,255,922	$2,728,389	+0.2%
Net Income	$763,083	$530,587	+0.4%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mack Mull	Chairperson	1	Director	$0	$0	$0
James Troutt	Vice Chairperson	1	Director	$0	$0	$0
Thomas Bentley	Treasurer	1	Director	$0	$0	$0
Barbara Williams	Secretary	1	Director	$0	$0	$0
Sandra Holbert	Board Member	1	Director	$0	$0	$0
Jeff Collins	Board Member	1	Director	$0	$0	$0
Joyce Grubb	Board Member	1	Director	$0	$0	$0
Jordan Campbell	Supervisory Committee	1	Officer	$0	$0	$0
M Adam Lee	Supervisory Committee	1	Officer	$0	$0	$0
April Taylor	Supervisory Committee	1	Officer	$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
2025	No data	No data	No data	No data
2024	$4,019,005	$3,255,922	$78,524,078	$763,083
2023	$3,258,976	$2,728,389	$74,831,748	$530,587
2022	$2,559,639	$2,175,076	$77,847,074	$384,563
2021	$2,563,932	$2,188,340	$77,312,215	$375,592
2020	$2,664,571	$2,256,676	$68,008,108	$407,895
2019	$2,555,050	$2,155,993	$58,258,561	$399,057
2018	$2,318,946	$1,953,711	$56,493,354	$365,235

NEW SOUTH CREDIT UNION