Credit Union South (EIN 640305824) - 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

1935

Legal Domicile

Tax Period

2018-01-01 to 2018-12-31

Credit Union South, founded in 1935, is a small nonprofit that reported $528K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $607K exceeded revenue, resulting in a 15% operating deficit.

Mission

Provide low cost loans to its members for consumer purchases and provide a variety of federally insured savings instruments to promote financial security.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $264,469

Investment Income $67,104

Other Revenue $196,584

TOTAL REVENUE $528,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,105

Fundraising Expenses $0

Program Expenses $606,875

Other Expenses $381,770

TOTAL EXPENSES $606,875

Year-over-Year Comparison

	2018	2017	Change
Revenue	$528,157	$587,233	-0.1%
Expenses	$606,875	$663,502	-0.1%
Net Income	$-78,718	$-76,269	+0.0%

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

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
Ethel J Ashley	BOD Treasurer	1.00	Director	$0	$0	$0
David Boggs	BOD Chairperson	1.00	Director	$0	$0	$0
Kathleen Caldwell	BOD Vice Chairperson	1.00	Director	$0	$0	$0
Hubert May Jr	BOD Member	1.00	Director	$0	$0	$0
Judy Landry	BOD Member	1.00	Director	$0	$0	$0
Grace Sadler	BOD Member	1.00	Director	$0	$0	$0
Vera Alston	SC Chairman	1.00	Director	$0	$0	$0
Regina Boddy	SC Member	1.00	Director	$0	$0	$0
Libby Scarbrough	Secretary	1.00	Officer	$0	$0	$0
Karen Lizana	PresidentCEO	40.00	Highest	$67,654	$0	$67,654

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
2018	$528,157	$606,875	$7,604,983	$-78,718

Credit Union South