STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 720380269) - 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

1941

Legal Domicile

Phone

3374915025

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN LOUISIANA, founded in 1941, is a small nonprofit that reported $385K in total revenue in fiscal year 2024. Net assets of $1.7M represent 52 months of operating reserves.

Mission

Provide Affordable source of savings & borrowing.

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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 $0

Investment Income $46,872

Other Revenue $338,404

TOTAL REVENUE $385,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,744

Fundraising Expenses $0

Program Expenses $0

Other Expenses $152,433

TOTAL EXPENSES $380,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,276	$368,668	+0.0%
Expenses	$380,177	$305,199	+0.2%
Net Income	$5,099	$63,469	-0.9%

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

$86,175

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Goodman	Manager	40	Key Emp Highest	$86,175	$0	$86,175
Larry J Hebert	Secretary Treasurer	0.50	Officer Director	$0	$0	$0
Krista O'Kelley	Board Member	0.25	Director	$0	$0	$0
Alberto Maxwell	President	0.25	Officer Director	$0	$0	$0
Katie Burgett	Vice-President	0.25	Officer Director	$0	$0	$0
Jeanne' Reed	Board Member	0.25	Director	$0	$0	$0
Shelley Blocker	Board Member	0.25	Director	$0	$0	$0
Harry Montgomery	Board Member	0.25	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	$385,276	$380,177	$5,834,453	$5,099
2023	$368,668	$305,199	$6,333,486	$63,469
2022	$312,302	$316,933	$6,920,551	$-4,631
2021	$286,538	$314,548	$7,431,456	$-28,010
2020	$350,182	$358,241	$7,620,695	$-8,059
2019	$407,445	$354,912	$7,769,705	$52,533
2018	$380,215	$373,371	$8,447,196	$6,844

STATE CHARTERED CREDIT UNIONS IN LOUISIANA