COMMUNITY RESOURCE CREDIT UNION (EIN 741109927) - 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

1935

Legal Domicile

Principal Officer

RUSSELL BALLARD

Phone

2814223611

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY RESOURCE CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $56.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $50.6M left a modest 10% surplus.

Mission

TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS.

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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 $51,925,287

Investment Income $2,996,604

Other Revenue $1,110,758

TOTAL REVENUE $56,032,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,435,823

Fundraising Expenses $0

Other Expenses $25,527,717

TOTAL EXPENSES $50,569,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,032,649	$47,539,964	+0.2%
Expenses	$50,569,493	$39,302,500	+0.3%
Net Income	$5,463,156	$8,237,464	-0.3%

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

254

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

$1,644,096

Total Directors

Key Employees

$571,048

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL SANDERS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JONNA CAGLE-PAGE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROY BAREFIELD	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM VOLA	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA MARRON	BOD MEMBER	1.00	Director	$0	$0	$0
WALLY WHITLEY	BOD MEMBER	1.00	Director	$0	$0	$0
DICK DAWSON	BOD MEMBER	1.00	Director	$0	$0	$0
CONNIE A TILTON	BOD MEMBER	1.00	Director	$0	$0	$0
DAVID MOHLAM	BOD MEMBER	1.00	Director	$0	$0	$0
RUSSELL BALLARD	PRESIDENT/CEO	40.00	Officer	$866,355	$41,362	$907,717
TAMMY LOCKETTE	SVP / CIO	40.00	Officer	$284,738	$27,196	$311,934
DEENA SMITH	FORMER SVP / CFO	40.00	Officer	$197,945	$12,718	$210,663
TIMOTHY FOLEY	SVP / COO	40.00	Officer	$161,943	$10,210	$172,153
MICHAEL LIBBEY	SVP / CFO	40.00	Officer	$41,629	$0	$41,629
BRENDA WEINBERGER	EVP	40.00	Key Emp	$321,426	$35,896	$357,322
CHARLES HAST	CLO/SVP	40.00	Key Emp	$185,502	$28,224	$213,726
TRAVIS SMITH	VP FINANCIAL ADVISOR	40.00	Highest	$236,184	$33,248	$269,432
AARON RATHBONE	VP OF BUSINESS LENDING	40.00	Highest	$191,197	$22,153	$213,350
MATTHEW GLASSCO	SR. SYSTEMS ENGINEER	40.00	Highest	$155,192	$39,085	$194,277
STACEY RAMIREZ	CONTROLLER	40.00	Highest	$151,237	$31,540	$182,777
PATRICK DAVIS	SR. SYSTEMS ANALYST	40.00	Highest	$149,401	$18,586	$167,987

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	$56,032,649	$50,569,493	$848,944,025	$5,463,156
2022	$47,539,964	$39,302,500	$763,924,806	$8,237,464
2021	$43,169,320	$33,604,914	$712,967,542	$9,564,406
2020	$39,577,524	$36,434,750	$643,446,616	$3,142,774
2019	$40,320,206	$34,609,227	$564,704,064	$5,710,979
2018	$37,341,886	$31,709,585	$520,367,685	$5,632,301

COMMUNITY RESOURCE CREDIT UNION