CHEROKEE STRIP CREDIT UNION (EIN 736093329) - 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

1933

Legal Domicile

Principal Officer

SPIKE HENDERSON

Phone

5807184000

Tax Period

2024-01-01 to 2024-12-31

CHEROKEE STRIP CREDIT UNION, founded in 1933, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

AS A NOT FOR PROFIT COOPERATIVE, TO PROMOTE THRIFT AND MEET THE FINANCIAL NEEDS OF MEMBERS THROUGH OFFERING PROGRESSIVE FINANCIAL SERVICES WITH STABILITY AND INTEGRITY AT BETTER THAN MARKET RATES.

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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 $7,978,404

Investment Income $284,049

Other Revenue $117,414

TOTAL REVENUE $8,379,867

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $3,075,353

Fundraising Expenses $0

Program Expenses $9,595,220

Other Expenses $4,729,400

TOTAL EXPENSES $9,817,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,379,867	$7,581,745	+0.1%
Expenses	$9,817,470	$6,352,610	+0.5%
Net Income	$-1,437,603	$1,229,135	-2.2%

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

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

$216,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPIKE HENDERSON	CEO	40.00	Officer	$181,498	$35,363	$216,861
ARIANA ALVEY	ASSOCIATE DI	1.00	Director	$0	$0	$0
DAWN BRAKEY	ASSOCIATE DI	1.00	Director	$0	$0	$0
BILL GEUBELLE	BOARD VICE C	2.00	Officer Director	$0	$0	$0
TONI GIBSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN HAPP	TREASURER	2.00	Officer Director	$0	$0	$0
WINSTON HENRY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT A HOWARD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PHILLIP JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON RUTZ	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI TAPP	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TREWITT	DIRECTOR	1.00	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	$8,379,867	$9,817,470	$103,167,848	$-1,437,603
2023	$7,581,745	$6,352,610	$101,886,582	$1,229,135
2022	$5,655,819	$4,221,654	$91,041,167	$1,434,165
2021	$5,464,467	$3,956,299	$85,264,711	$1,508,168
2020	$4,939,390	$3,678,302	$77,136,103	$1,261,088
2019	$4,487,259	$3,813,419	$69,533,436	$673,840
2018	$4,290,337	$3,533,828	$69,925,383	$756,509

CHEROKEE STRIP CREDIT UNION