Brassies Credit Union (EIN 630337435) - 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

1954

Legal Domicile

Principal Officer

Michelle L King

Tax Period

2019-01-01 to 2019-12-31

Brassies Credit Union, founded in 1954, is a small nonprofit that reported $200K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $278K exceeded revenue, resulting in a 39% operating deficit.

Mission

Credit Union - To provide services for approximately 511 members in the form of loans, checking and savings accounts, and other financial services.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $175,496

Investment Income $22,297

Other Revenue $3,600

TOTAL REVENUE $201,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,880

Fundraising Expenses $0

Program Expenses $239,998

Other Expenses $100,118

TOTAL EXPENSES $239,998

Year-over-Year Comparison

	2019	2018	Change
Revenue	$201,393	$199,618	+0.0%
Expenses	$239,998	$277,895	-0.1%
Net Income	$-38,605	$-78,277	-0.5%

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

$112,452

Total Directors

$67,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle L King	CEOBoard Secretary-Treasurer	45.00	Officer Director Highest	$67,072	$0	$67,072
Nina Gilbert	Board Chairperson	1.00	Director	$0	$0	$0
Richard B Ray	Board Vice Chairperson	1.00	Director	$0	$0	$0
Judy Vinson	Board Member	1.00	Director	$0	$0	$0
Richard Barnhill Jr	Board Member	1.00	Director	$0	$0	$0
Pamela G Smith	Office MgrLoan Officer	40.00	Officer	$45,380	$0	$45,380
Laurie R Rigsby	Supervisory Committee Chairpe	1.00	Officer	$0	$0	$0
David S Smith	Supervisory Committee Member	1.00	Officer	$0	$0	$0
Mack Harris	Supervisory Committee Member	1.00	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
2019	$201,393	$239,998	$3,682,008	$-38,605
2018	$199,618	$277,895	$4,042,758	$-78,277

Brassies Credit Union