SOUTHERN STAR CREDIT UNION

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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

Phone

7139341460

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN STAR CREDIT UNION, founded in 1953, is a small nonprofit that reported $980K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $2.5M represent 31 months of operating reserves.

Mission

To encourage thrift among our members creating a source of credit at a fair rate of interest and to provide an opportunity for them to use and control their money.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $653,069

Interest on Loans granted.

Program 2

Expenses: $0 Revenue: $148,296

Member Service Fees Mastercard Interchange Fees ATM Fees Loan Service Fees

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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 $801,366

Investment Income $156,109

Other Revenue $22,857

TOTAL REVENUE $980,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,047

Fundraising Expenses $0

Program Expenses $0

Other Expenses $736,533

TOTAL EXPENSES $1,041,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,332	$868,568	+0.1%
Expenses	$1,041,580	$915,737	+0.1%
Net Income	$-61,248	$-47,169	+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

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

$122,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Conrad	Chairman	0.00	Director	$0	$0	$0
Dennis Howard	Vice Chairman	0.00	Director	$0	$0	$0
Dustin Molyneaux	Treasurer	0.00	Director	$0	$0	$0
Omar Misleh	Secretary	0.00	Director	$0	$0	$0
Juan Armas	Director	0.00	Director	$0	$0	$0
Debbie Callihan	President	50.00	Officer	$63,636	$0	$63,636
Patricia Young	Vice President	45.00	Officer	$58,706	$0	$58,706

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	$980,332	$1,041,580	$18,783,061	$-61,248
2022	$868,568	$915,737	$20,414,644	$-47,169
2021	$866,827	$911,694	$21,707,088	$-44,867
2020	$935,250	$1,002,881	$19,713,231	$-67,631
2019	$971,655	$1,101,329	$18,447,253	$-129,674
2018	$1,072,261	$1,419,129	$19,289,585	$-346,868