NAVIGATOR CREDIT UNION (EIN 640179401) - 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

1939

Legal Domicile

Principal Officer

SONYA JARVIS

Phone

2287623542

Tax Period

2024-01-01 to 2024-04-30

NAVIGATOR CREDIT UNION, founded in 1939, is a community nonprofit in the Public & Societal Benefit sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

MEMBER-OWNED, STATE-CHARTERED CREDIT UNION

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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 $1,433,339

Investment Income $189,141

Other Revenue $853,099

TOTAL REVENUE $2,475,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,543

Fundraising Expenses $0

Other Expenses $1,614,713

TOTAL EXPENSES $2,456,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,475,579	$31,083,422	-0.9%
Expenses	$2,456,256	$25,803,326	-0.9%
Net Income	$19,323	$5,280,096	-1.0%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA BOWLES	SECRETARY	3.00	Officer Director	$0	$0	$0
CARLOS LETT	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
TOMMY LEONARD	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DOROTHY TODD	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD SCHENK	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS HUDSON	DIRECTOR	3.00	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	$2,475,579	$2,456,256	No data	$19,323
2023	$31,083,422	$25,803,326	$378,835,061	$5,280,096
2022	$26,230,497	$21,968,116	$418,420,655	$4,262,381
2021	$21,926,267	$19,434,926	$437,761,691	$2,491,341
2020	$21,809,373	$19,938,391	$392,899,473	$1,870,982
2019	$26,433,948	$25,145,064	$328,801,170	$1,288,884
2018	$27,943,477	$27,440,187	$332,443,355	$503,290

NAVIGATOR CREDIT UNION