GLOBAL CREDIT UNION (EIN 910620799) - 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

JACK FALLIS

Phone

5094554700

Tax Period

2022-01-01 to 2022-07-31

GLOBAL CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $16.1M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION IS A CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES.

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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 $17,482,479

Investment Income $-4,893,316

Other Revenue $-6,730

TOTAL REVENUE $12,582,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,896,778

Fundraising Expenses $0

Other Expenses $8,250,057

TOTAL EXPENSES $16,146,835

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,582,433	$30,633,137	-0.6%
Expenses	$16,146,835	$25,990,650	-0.4%
Net Income	$-3,564,402	$4,642,487	-1.8%

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

177

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

$1,633,727

Total Directors

$842,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK L FALLIS JR	PRESIDENT/CEO/TREASURER	40.00	Officer Director	$809,832	$32,887	$842,719
THOMAS A PAULEY	BOARD CHAIRMAN	5.00	Director	$0	$0	$0
HAROLD WESTBROOK	BOARD VICE CHAIRMAN	5.00	Director	$0	$0	$0
MARC HUGHES	BOARD SECRETARY	6.00	Director	$0	$0	$0
JOSE M TORTORELLI	DIRECTOR	8.00	Director	$0	$0	$0
RONA RITCHIE	DIRECTOR	6.00	Director	$0	$0	$0
MILLARD BUSCH	DIRECTOR	6.00	Director	$0	$0	$0
MARY STARKEY	EVP/CHIEF OPERATING OFFICER	40.00	Officer	$231,595	$12,694	$244,289
CHARLES T CASSELS	VP/CHIEF FINANCIAL OFFICER	40.00	Officer	$200,942	$11,336	$212,278
KIM SHILL	VP/CHIEF LENDING OFFICER	40.00	Officer	$167,155	$10,355	$177,510
DAVID CUMMINGS	VP/CHIEF INFORMATION OFFICER	40.00	Officer	$146,830	$10,101	$156,931
KAY KEYSER	REAL ESTATE LENDING MANAGE	40.00	Highest	$143,816	$11,588	$155,404
YVONNE HOLLAND	VP OF BRANCH OPERATIONS	40.00	Highest	$124,209	$9,277	$133,486
ABIGAIL FRANKLIN	VP/CHIEF MARKETING/STRATEGY OFFICER	40.00	Highest	$123,801	$7,044	$130,845

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
2022	$12,582,433	$16,146,835	No data	$-3,564,402
2021	$30,633,137	$25,990,650	$613,886,782	$4,642,487
2020	$27,511,372	$25,574,263	$543,383,087	$1,937,109
2019	$27,569,412	$22,359,617	$478,348,633	$5,209,795
2018	$23,307,868	$20,066,696	$454,156,520	$3,241,172

GLOBAL CREDIT UNION