CORPUS CHRISTI SP CREDIT UNION (EIN 741334335) - 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

1953

Legal Domicile

Principal Officer

ORFI BENITEZ

Phone

3618888332

Tax Period

2024-01-01 to 2024-12-31

CORPUS CHRISTI SP CREDIT UNION, founded in 1953, is a small nonprofit that reported $465K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $450K left a modest 3% surplus.

Mission

ENCOURAGING THRIFT AMONG MEMBERS, CREATING A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS, CONDUCTING ANY OTHER ACTIVITIES THAT MIGHT BENEFIT THE MEMBER SUBJECT TO TEXAS CU ACT AND REGULATIONS.

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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 $419,696

Investment Income $45,333

Other Revenue $0

TOTAL REVENUE $465,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,747

Fundraising Expenses $0

Program Expenses $449,950

Other Expenses $262,763

TOTAL EXPENSES $449,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,029	$371,023	+0.3%
Expenses	$449,950	$305,515	+0.5%
Net Income	$15,079	$65,508	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JUAN GARZA JR	CHARIMAN	Officer Director	$0	$0	$0
GEORGE TORRES	VICE-CHAIRMAN	Officer Director	$0	$0	$0
EVELYN PAGE	SECRETARY	Officer Director	$0	$0	$0
VERONICA GARZA	TREASURER	Officer Director	$0	$0	$0
ROSE NUNEZ	MEMBERSHIP OFFICER	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	$465,029	$449,950	$4,949,203	$15,079
2023	$371,023	$305,515	$4,417,770	$65,508
2022	$301,152	$277,161	$4,513,852	$23,991
2021	$256,236	$289,883	$3,251,881	$-33,647
2020	$244,777	$252,336	$2,955,084	$-7,559
2019	$244,115	$293,097	$3,008,566	$-48,982
2018	$222,564	$252,324	$3,023,840	$-29,760

CORPUS CHRISTI SP CREDIT UNION