BOWATER EMPLOYEES CREDIT UNION (EIN 620553259) - 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

1954

Legal Domicile

Principal Officer

Jennifer Carter

Phone

4233367268

Tax Period

2025-01-01 to 2025-12-31

BOWATER EMPLOYEES CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $22.4M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $19.1M left a modest 15% surplus.

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 20,680 MEMBERS TO PROMOTE THRIFT ISSUE SHARES AND MAINTAIN ACCOUNTS AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,414,931

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,414,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,807,852

Fundraising Expenses $0

Program Expenses $19,098,614

Other Expenses $7,590,299

TOTAL EXPENSES $19,098,616

Year-over-Year Comparison

	2025	2024	Change
Revenue	$22,414,931	$19,263,873	+0.2%
Expenses	$19,098,616	$15,280,795	+0.2%
Net Income	$3,316,315	$3,983,078	-0.2%

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

$218,659

Total Directors

$20,404

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Carter	CEO	40.00	Officer	$176,560	$42,099	$218,659
David Lattimore	Chairman	2.00	Director	$0	$0	$0
Jamie Creekmore	Treasurer	2.00	Director	$0	$0	$0
Travis Giles	Vice Chairperson	2.00	Director	$10,839	$0	$10,839
Clara Pat Burger	Director	2.00	Director	$0	$0	$0
Jean Ann Toomey	Secretary	2.00	Director	$0	$0	$0
Thomas J Elliott	Director	2.00	Director	$9,565	$0	$9,565
Todd Harris	Director	2.00	Director	$0	$0	$0
Matthew Holden	Executive Consultant	40.00		$221,671	$50,431	$272,102

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	$22,414,931	$19,098,616	$296,259,097	$3,316,315
2024	$19,263,873	$15,280,795	$304,302,659	$3,983,078
2023	$15,164,063	$12,148,612	$255,580,708	$3,015,451
2022	$12,161,157	$9,674,319	$258,960,499	$2,486,838
2021	$9,965,826	$8,573,725	$238,168,632	$1,392,101
2020	$9,573,362	$9,049,400	$210,207,588	$523,962
2019	$9,610,618	$9,094,961	$176,601,323	$515,657
2018	$8,579,409	$8,096,978	$162,959,666	$482,431

BOWATER EMPLOYEES CREDIT UNION