Service 1st Credit Union (EIN 750918529) - 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

1954

Legal Domicile

Principal Officer

Ryon Gilliam

Phone

9034574686

Tax Period

2024-01-01 to 2024-12-31

Service 1st Credit Union, founded in 1954, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 34% operating margin.

Mission

To provide a lifelong commitment of quality financial services to the membership of the credit union.

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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 $2,214,952

Investment Income $1,149,496

Other Revenue $0

TOTAL REVENUE $3,364,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,245,237

Fundraising Expenses $0

Other Expenses $977,420

TOTAL EXPENSES $2,222,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,364,448	$2,906,975	+0.2%
Expenses	$2,222,657	$1,957,754	+0.1%
Net Income	$1,141,791	$949,221	+0.2%

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

$165,407

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Crystal Holmden	Vice President	40.00	Officer	$85,517	$0	$85,517
Ryon Gilliam	President	40.00	Officer	$79,890	$0	$79,890
Fred Hite Jr	Chairman	0.50	Officer Director	$0	$0	$0
CJ Clinton	Vice Chair	0.50	Officer Director	$0	$0	$0
Jason Tanner	Secretary/Treas	0.50	Officer Director	$0	$0	$0
Ross McClain	Director	0.50	Director	$0	$0	$0
Mike Glenday	Director	0.50	Director	$0	$0	$0
Cedric Barksdale	Director	0.50	Director	$0	$0	$0
Stephen Brand	Director	0.50	Director	$0	$0	$0
Tyler Nicholson	Director	0.50	Director	$0	$0	$0
Rita Jordan	Director	0.50	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	$3,364,448	$2,222,657	$72,493,198	$1,141,791
2023	$2,906,975	$1,957,754	$74,570,941	$949,221
2022	$2,688,265	$1,822,150	$79,746,360	$866,115
2021	$2,074,391	$1,894,632	$78,005,819	$179,759
2020	$2,354,491	$2,001,379	$70,510,622	$353,112
2019	$2,472,979	$2,030,207	$64,358,703	$442,772
2018	$2,281,937	$1,809,993	$62,050,058	$471,944

Service 1st Credit Union