HEALTH CREDIT UNION (EIN 630420086) - 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

1955

Legal Domicile

Principal Officer

CHARLES JUDSON DAVIS

Phone

2059301000

Tax Period

2025-01-01 to 2025-12-31

HEALTH CREDIT UNION, founded in 1955, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2019. Expenses of $923K left a modest 10% surplus.

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 2,130 MEMBERS IN THE FORM OF LOANS, SAVINGS, 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,446,456

Investment Income $333,875

Other Revenue $157,749

TOTAL REVENUE $1,938,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,444

Fundraising Expenses $0

Program Expenses $1,970,543

Other Expenses $1,442,099

TOTAL EXPENSES $1,970,543

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,938,080	$1,821,286	+0.1%
Expenses	$1,970,543	$1,672,812	+0.2%
Net Income	$-32,463	$148,474	-1.2%

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

$150,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES JUDSON DAVIS	CEO	40.00	Officer	$129,335	$20,828	$150,163
DANIEL J FOSTER	BOARD VICE C	1.00	Director	$0	$0	$0
STUART J MARTIN	BOARD SECRET	1.00	Director	$0	$0	$0
LORI MCMANUS	BOARD TREASU	1.00	Director	$0	$0	$0
STEPHANIE AYERS MILLSAP	BOARD CHAIRP	1.00	Director	$0	$0	$0
LANCE WALDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM ALOSI	SC MEMBER	1.00	Officer	$0	$0	$0
LAMONTE AUGUSTUS	SC MEMBER	1.00	Officer	$0	$0	$0
LANNIE SEARS MITCHELL	SC CHAIR	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
2025	$1,938,080	$1,970,543	$27,633,186	$-32,463
2024	$1,821,286	$1,672,812	$28,029,196	$148,474
2023	$1,562,792	$1,289,038	$26,596,908	$273,754
2022	$1,340,434	$986,654	$26,876,043	$353,780
2021	$1,139,628	$907,870	$25,226,298	$231,758
2020	$1,039,575	$861,413	$22,319,355	$178,162
2019	$1,027,537	$922,555	$19,962,216	$104,982

HEALTH CREDIT UNION