STATE CHARTERED CREDIT UNIONS IN MS MEMBERS EXCHANGE CREDIT UNION (EIN 640344965) - 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

1954

Legal Domicile

Principal Officer

MITZI TATE

Phone

6019234324

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN MS MEMBERS EXCHANGE CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 15% operating margin.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,604,948

Investment Income $1,477,755

Other Revenue $4,267,986

TOTAL REVENUE $10,350,689

Expense Breakdown

Grants Paid $8,300

Salaries & Benefits $3,769,535

Fundraising Expenses $0

Other Expenses $4,972,156

TOTAL EXPENSES $8,749,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,350,689	$9,495,349	+0.1%
Expenses	$8,749,991	$7,518,227	+0.2%
Net Income	$1,600,698	$1,977,122	-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

$1,177,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ALLISON	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
OSCAR POPE	BOARD VICE-CHAIRMAN	1.00	Director	$0	$0	$0
BARBARA MANGUM	BOARD SECRETARY	1.00	Director	$0	$0	$0
ERNIE HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARY WASHINGTON-GARNER	DIRECTOR	1.00	Director	$0	$0	$0
DOCK E GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
LORI MOAK	DIRECTOR	1.00	Director	$0	$0	$0
MITZI TATE	PRESIDENT/CEO	40.00	Officer	$431,785	$30,047	$461,832
SUSAN BOSHART	EXECUTIVE VICE PRESIDENT	40.00	Officer	$262,266	$25,778	$288,044
MALEIGH COFFEY	SENIOR VICE PRESIDENT	40.00	Officer	$129,365	$19,670	$149,035
LADONNA JACOBS	SENIOR VICE PRESIDENT	40.00	Officer	$133,047	$20,070	$153,117
MISTY MUNN	SENIOR VICE PRESIDENT	40.00	Officer	$107,842	$17,785	$125,627

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
2023	$10,350,689	$8,749,991	$130,103,427	$1,600,698
2022	$9,495,349	$7,518,227	$134,829,554	$1,977,122
2021	$9,198,394	$7,249,621	$141,270,871	$1,948,773
2020	$8,645,812	$8,128,624	$129,969,799	$517,188
2019	$9,984,218	$9,219,723	$112,227,220	$764,495
2018	$10,290,812	$9,658,029	$113,716,272	$632,783

STATE CHARTERED CREDIT UNIONS IN MS MEMBERS EXCHANGE CREDIT UNION