ALATRUST CREDIT UNION (EIN 630021787) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

STEVE NIX

Phone

2055818800

Tax Period

2024-01-01 to 2024-12-31

ALATRUST CREDIT UNION, founded in 1935, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 17% operating margin.

Mission

COOPERATIVE CREDIT UNION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,426,984

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,426,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,814,675

Fundraising Expenses $0

Program Expenses $9,641,597

Other Expenses $6,826,922

TOTAL EXPENSES $9,641,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,426,984	$9,937,960	+0.1%
Expenses	$9,641,597	$8,033,194	+0.2%
Net Income	$1,785,387	$1,904,766	-0.1%

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

$567,326

Total Directors

$450,257

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE S STEVE NIX	CEO & BOARD TREASURER	40.00	Officer Director	$367,874	$82,383	$450,257
DR BASCOM HENRY WOODWARD RETIRED	FORMER CHAIRMAN	1.00	Director	$0	$0	$0
DONALD DUCK	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
PHILLIP WOODS RETIRED	FORMER VICE CHAIRMAN	1.00	Director	$0	$0	$0
MARTHA WISE	VICE CHAIRMAN	1.00	Director	$0	$0	$0
ALVIN WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DR SIMPSON BERRY JR	SECRETARY	1.00	Director	$0	$0	$0
KEN WASMUND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROBERTS	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
DR PERRY WARD	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MICHELLE CRUMBLEY	ACCOUNTING MANAGER	40.00	Officer	$99,667	$17,402	$117,069
SHELLEY MCLAUGHLIN	VP OF ADMINISTRATION	40.00	Highest	$164,157	$37,399	$201,556
KEVIN LOTT	LOAN MANAGER	40.00	Highest	$118,917	$33,136	$152,053

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	$11,426,984	$9,641,597	$202,055,003	$1,785,387
2023	$9,937,960	$8,033,194	$199,335,118	$1,904,766
2022	$8,462,340	$6,122,684	$187,319,143	$2,339,656
2021	$6,977,892	$5,739,206	$183,851,968	$1,238,686
2020	$6,665,159	$5,691,968	$160,346,083	$973,191
2019	$6,643,637	$5,667,246	$140,643,251	$976,391
2018	$6,181,928	$5,159,772	$135,666,611	$1,022,156

ALATRUST CREDIT UNION