STATE CHARTERED CREDIT UNIONS IN M… - Form 990 Financial Data

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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

1931

Legal Domicile

Phone

6016367523

Tax Period

2022-01-01 to 2022-12-31

STATE CHARTERED CREDIT UNIONS IN MISSISSIPPI, founded in 1931, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 18% operating margin.

Mission

Be the most trusted provider of exceptional financial products and services for our members and the communities we serve.

Program Service Accomplishments

Program 1

Expenses: $14,397,545 Revenue: $15,393,382

Financial service programs that offer competitive dividend rates interest rates on loans as well as other products and services for the benefit of our members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,443,215

Investment Income $2,124,727

Other Revenue $7,950,168

TOTAL REVENUE $17,518,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,217,059

Fundraising Expenses $0

Program Expenses $14,397,545

Other Expenses $9,180,490

TOTAL EXPENSES $14,397,549

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,518,110	$14,982,675	+0.2%
Expenses	$14,397,549	$12,410,162	+0.2%
Net Income	$3,120,561	$2,572,513	+0.2%

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

Total Directors

$8,515

Key Employees

$259,101

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Mathews	CEO	40.00	Key Emp Highest	$259,101	$0	$259,101
Jennifer Lynne McMillin	CFO	40.00	Highest	$126,172	$0	$126,172
Christy Pecanty	VP IT	40.00	Highest	$100,706	$0	$100,706
Jerry Dean	Chairman	2.00	Director	$0	$0	$0
Leonard Murrell	Vice Chairman	2.00	Director	$0	$0	$0
Tonya Acuff	Secretary	2.00	Director	$1,224	$0	$1,224
Rick Vessell	Treasurer	2.00	Director	$0	$0	$0
Donna Hardy	Director	2.00	Director	$0	$0	$0
Joe Tom	Director	2.00	Director	$768	$0	$768
Jeb Tingle	Director	2.00	Director	$0	$0	$0
Billy Bridges	Director	2.00	Director	$1,160	$0	$1,160
Charlie McKinnie	Supervisory Committee Chairman	2.00	Director	$2,538	$0	$2,538
Ben Luckett	Supervisory Committee	2.00	Director	$0	$0	$0
James Harper	Supervisory Committee	2.00	Director	$1,966	$0	$1,966
Alicia Bounds	Associate Volunteer	2.00	Director	$0	$0	$0
Laura Gullett	Associate Volunteer	2.00	Director	$0	$0	$0
Philip Schrader	Associate Volunteer	2.00	Director	$0	$0	$0
Matt Hendrix	Director	2.00	Director	$859	$0	$859

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
2022	$17,518,110	$14,397,549	$292,779,445	$3,120,561
2021	$14,982,675	$12,410,162	$302,589,951	$2,572,513
2020	$12,828,516	$11,034,131	$262,423,930	$1,794,385
2019	$13,475,534	$10,997,314	$216,097,839	$2,478,220
2018	$12,285,315	$10,173,590	$206,936,440	$2,111,725

STATE CHARTERED CREDIT UNIONS IN MISSISSIPPI