SPCO Credit Union

EIN: 746106699

Houston, TX

Total Revenue
$2,352,949
Total Expenses
$2,497,191
Total Assets
$38,877,794
Net Assets
$3,701,691
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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
1968
Legal Domicile
TX
Principal Officer
Tim Adams
Phone
7134558586
Tax Period
2023-01-01 to 2023-12-31

SPCO Credit Union, founded in 1968, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023.

Mission

Our mission is to be the trusted partner in each members' financial life.

Program Service Accomplishments

Program 1

SPCO offers all types of loan products at competetive rates

Program 2

SPCO offers savings products at competetive 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,296,042
Investment Income $39,840
Other Revenue $17,067
TOTAL REVENUE $2,352,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $661,013
Fundraising Expenses $0
Other Expenses $1,251,288
TOTAL EXPENSES $2,497,191

Year-over-Year Comparison

2023 2022 Change
Revenue $2,352,949 $2,308,507 +0.0%
Expenses $2,497,191 $2,325,225 +0.1%
Net Income $-144,242 $-16,718 +7.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
8
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
3
$0
Total Directors
6
$140,100
Key Employees
1
$140,100
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Emmott Board Chair 1.00
Officer Director
$0 $0 $0
Harvey Hayes Jr Board Vice Chair 1.00
Officer Director
$0 $0 $0
Dee Farino Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Marlin Phillips Board Member 1.00
Director
$0 $0 $0
Janice R Mayes-Clayton Board Member 1.00
Director
$0 $0 $0
Tim Adams CEO 40.00
Director Key Emp Highest
$140,100 $0 $140,100
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
2023 $2,352,949 $2,497,191 $38,877,794 $-144,242
2022 $2,308,507 $2,325,225 $40,323,853 $-16,718
2021 $2,037,682 $1,878,337 $41,394,518 $159,345
2020 $2,075,581 $2,000,910 $45,620,324 $74,671
2019 $2,238,793 $2,166,337 $36,932,741 $72,456
2018 $2,244,652 $2,141,242 $38,613,406 $103,410
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