STATE CHARTERED CREDIT UNIONS IN MISSISSIPPI (EIN 640465097) - 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

1966

Legal Domicile

Phone

6019488191

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN MISSISSIPPI, founded in 1966, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $373K, a strong 21% operating margin.

Mission

Our Mission is to operate a 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,200,702

Investment Income $519,125

Other Revenue $17,658

TOTAL REVENUE $1,737,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,400

Fundraising Expenses $0

Program Expenses $1,364,951

Other Expenses $831,551

TOTAL EXPENSES $1,364,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,737,485	$1,467,137	+0.2%
Expenses	$1,364,951	$1,306,908	+0.0%
Net Income	$372,534	$160,229	+1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Cox	CEO	40	Officer Key Emp Highest	$0	$0	$0
Tameika White	Board Secretary	1.00	Officer	$0	$0	$0
Mark Johnson	Board Member	1.00	Officer	$0	$0	$0
Joel Bennett	Board Vice Chairman	1.00	Officer	$0	$0	$0
Shana Holt	Board Member	1.00	Officer	$0	$0	$0
Tracey Davis	Board Member	1.00	Officer	$0	$0	$0
Fannie Goodlet	Board Member	1.00	Officer	$0	$0	$0
Joyce Robertson	Board Treasurer	1.00	Officer	$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	No data	No data	No data	No data
2023	$1,737,485	$1,364,951	$29,994,914	$372,534
2022	$1,467,137	$1,306,908	$32,057,312	$160,229
2021	$1,197,831	$1,247,423	$31,228,776	$-49,592
2020	$1,227,727	$1,295,521	$28,184,064	$-67,794
2019	$1,434,371	$1,343,626	$24,214,538	$90,745
2018	$1,412,525	$1,314,025	$23,958,310	$98,500

STATE CHARTERED CREDIT UNIONS IN MISSISSIPPI