STATE HIGHWAY 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

1938

Legal Domicile

Principal Officer

KAREN L WOODALL

Phone

8005620999

Tax Period

2023-01-01 to 2023-03-31

STATE HIGHWAY CREDIT UNION, founded in 1938, is a small nonprofit that reported $248K in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 647% operating deficit.

Mission

PROVIDE FINANCIAL SERVICES, PROVIDE REAL ESTATE AND OTHER SECURED / UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, DEBIT AND CREDIT CARD SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,851,682 Revenue: $248,028

PROVIDE FINANCIAL SERVICES TO 1,580 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED / UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, DEBIT...

PROVIDE FINANCIAL SERVICES TO 1,580 MEMBERS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED / UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, DEBIT AND CREDIT CARD SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $192,681

Investment Income $55,347

Other Revenue $0

TOTAL REVENUE $248,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,516

Fundraising Expenses $0

Program Expenses $1,851,682

Other Expenses $1,743,166

TOTAL EXPENSES $1,851,682

Year-over-Year Comparison

	2022	2021	Change
Revenue	$248,028	$915,435	-0.7%
Expenses	$1,851,682	$861,288	+1.1%
Net Income	$-1,603,654	$54,147	-30.6%

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

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

$27,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN L WOODALL	President & CEO	45.00	Officer	$22,924	$4,797	$27,721
JAMIL ANABTAWI	Director	2.00	Director	$0	$0	$0
BRIAN WHITE	Chairman	3.00	Director	$0	$0	$0
MELINDA WARREN	Director	3.00	Director	$0	$0	$0
TROY SUING	Director	3.00	Director	$0	$0	$0
MITCH SYVERSON	Director	2.00	Director	$0	$0	$0
CORIE HENKE	Director	3.00	Director	$0	$0	$0
RANDY GILES	Director	2.00	Director	$0	$0	$0
WILL SMITH	Secretary	3.00	Director	$0	$0	$0
TERRY LEIBRECHT	Director	2.00	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
2023	$248,028	$1,851,682	No data	$-1,603,654
2022	$915,435	$861,288	$31,782,670	$54,147
2021	$1,006,332	$721,326	$33,823,019	$285,006
2020	$1,029,111	$785,326	$29,724,391	$243,785
2019	$1,046,612	$768,636	$28,270,548	$277,976
2018	$949,342	$773,719	$27,416,415	$175,623