LOWLAND CREDIT UNION (EIN 620671754) - 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

MARK CREECH

Phone

4235818345

Tax Period

2024-01-01 to 2024-12-31

LOWLAND CREDIT UNION, founded in 1953, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 10,217 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,505,631

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,505,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,088,098

Fundraising Expenses $0

Program Expenses $3,100,414

Other Expenses $2,012,316

TOTAL EXPENSES $3,100,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,505,631	$7,302,104	-0.7%
Expenses	$3,100,414	$7,608,936	-0.6%
Net Income	$-594,783	$-306,832	+0.9%

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

$527,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J MCKINNEY	CFO	40.00	Officer	$200,918	$24,251	$225,169
MARK CREECH	PRESIDENTCEO	40.00	Officer	$82,347	$10,940	$93,287
HEATHER N MOORE	COO	40.00	Officer	$78,517	$11,494	$90,011
SONYA M ANTRICAN	CLO	40.00	Officer	$66,506	$11,891	$78,397
CHARLES V FINE	IT MANAGER	40.00	Officer	$33,259	$7,240	$40,499
ROY C ARNWINE	BOARD MEMBER	0.00	Director	$0	$0	$0
ANTHONY L CAGLE	BOARD MEMBER	0.00	Director	$0	$0	$0
RONNIE J MOORE	BOARD TREASURER	0.00	Director	$0	$0	$0
EDWARD L GILBERT	BOARD MEMBER	0.00	Director	$0	$0	$0
JOANN JENKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
TODD L MARSHALL	BOARD SECRETARY	0.00	Director	$0	$0	$0
TOMMY A MUSSER	BOARD CHAIRMAN	0.00	Director	$0	$0	$0
JOHN T WALKER	BOARD MEMBER	0.00	Director	$0	$0	$0
PAUL R GREENE	BOARD MEMBER	0.00	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	$2,505,631	$3,100,414	No data	$-594,783
2023	$7,302,104	$7,608,936	$136,967,195	$-306,832
2022	$6,331,553	$5,652,390	$136,475,491	$679,163
2021	$5,707,357	$5,084,733	$135,120,699	$622,624
2020	$5,062,114	$4,507,645	$116,265,652	$554,469
2019	$4,976,678	$4,608,467	$101,562,531	$368,211
2018	$4,463,236	$4,524,440	$99,774,083	$-61,204

LOWLAND CREDIT UNION