LINCOLN COUNTY CREDIT UNION (EIN 810290653) - 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

1957

Legal Domicile

Principal Officer

LINDSAY BEATY

Phone

4062937771

Tax Period

2023-01-01 to 2023-12-31

LINCOLN COUNTY CREDIT UNION, founded in 1957, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 36% operating margin.

Mission

LINCOLN COUNTY CREDIT UNION - YOUR MEMBER-OWNED CREDIT UNION: PROMOTING THRIFT THROUGH QUALITY SERVICE!

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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 $3,860,088

Investment Income $1,321,722

Other Revenue $0

TOTAL REVENUE $5,181,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,160

Fundraising Expenses $0

Other Expenses $2,509,991

TOTAL EXPENSES $3,337,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,181,810	$3,968,487	+0.3%
Expenses	$3,337,151	$2,979,199	+0.1%
Net Income	$1,844,659	$989,288	+0.9%

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

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

$136,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET IVERS	SECRETARY	1.00	Officer Director	$0	$0	$0
JON RENY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
GAYL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SELLE	DIRECTOR	1.00	Director	$0	$0	$0
DEVI MCCULLY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BERNADETTE PLACE	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY BEATY	PRESIDENT	50.00	Officer	$120,501	$16,420	$136,921

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	$5,181,810	$3,337,151	$164,068,055	$1,844,659
2022	$3,968,487	$2,979,199	$161,659,248	$989,288
2021	$4,169,303	$2,504,909	$156,568,562	$1,664,394
2020	$4,083,562	$2,519,665	$138,367,551	$1,563,897
2019	$4,377,747	$2,230,443	$116,710,410	$2,147,304
2018	$3,927,597	$2,133,553	$116,183,910	$1,794,044

LINCOLN COUNTY CREDIT UNION