GUARDIAN CREDIT UNION (EIN 630421006) - 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

1958

Legal Domicile

Principal Officer

HEATH HARRELL

Phone

3342449999

Tax Period

2024-01-01 to 2024-12-31

GUARDIAN CREDIT UNION, founded in 1958, is a mid-sized nonprofit that reported $40.8M in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 16% operating margin.

Mission

COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

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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 $65,056,150

Investment Income $3,654,928

Other Revenue $25,018,042

TOTAL REVENUE $93,729,120

Expense Breakdown

Grants Paid $389,700

Salaries & Benefits $24,642,213

Fundraising Expenses $0

Other Expenses $61,362,740

TOTAL EXPENSES $86,394,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,729,120	$79,832,389	+0.2%
Expenses	$86,394,653	$69,635,277	+0.2%
Net Income	$7,334,467	$10,197,112	-0.3%

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

318

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

$2,636,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KRAMER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THERMAN DENNIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK RONEY	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES HENRY	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BELCHER	DIRECTOR	1.00	Director	$0	$0	$0
PAM NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
GRETA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
HEATH HARRELL	CEO	50.00	Officer	$612,682	$109,489	$722,171
DANIEL POST	CFO	45.00	Officer	$370,792	$61,441	$432,233
JOSEPH ROBISON	CLO	45.00	Officer	$254,715	$85,912	$340,627
RACHEL STEWART	CXO	45.00	Officer	$202,733	$54,528	$257,261
SCOTT ROSEN	CTO	45.00	Officer	$233,844	$83,305	$317,149
GREG GRAY	CSO	45.00	Officer	$269,048	$53,500	$322,548
MELODIE WRIGHT	VP BRANCH OPERATIONS	45.00	Officer	$191,883	$52,518	$244,401
BLAKE CARTER	HOME LOANS OPERATIONS MANA	45.00	Highest	$139,684	$28,735	$168,419
TOREY HATFIELD	VP GUARDIAN INSURANCE SERVICES	45.00	Highest	$139,059	$26,887	$165,946
J LINDSEY MCDONALD	VP HUMAN RESOURCES	45.00	Highest	$187,678	$37,577	$225,255
JASON SHANKS	VP BI	45.00	Highest	$168,692	$39,338	$208,030
RHONDA BLANCHETTE	REGIONAL AVP BRANCHES	45.00	Highest	$137,035	$28,499	$165,534

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	$93,729,120	$86,394,653	$1,052,558,670	$7,334,467
2023	$79,832,389	$69,635,277	$1,018,202,202	$10,197,112
2022	$62,110,372	$52,025,320	$865,286,128	$10,085,052
2021	$55,701,810	$45,563,567	$763,618,487	$10,138,243
2020	$49,250,705	$42,328,955	$694,104,820	$6,921,750
2019	$45,079,483	$40,276,428	$574,064,768	$4,803,055
2018	$40,778,508	$34,453,848	$486,969,411	$6,324,660

GUARDIAN CREDIT UNION