Centra Health Credit Union

Nonprofit profile at a glance

EIN
540979435
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Lynchburg, VA, USA
Phone
4342003140
Rating confidence
Limited
Sector
Hospital, General

Official website

Reported finances

Revenue
$319,465
Expenses
$264,292
Assets
$10,607,419
Liabilities
$8,928,676

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KIMBERLY PRICE (PRESIDENT)
  • LISA BARBER (VICE PRESIDENT)

Highest reported compensation

  • COURTNEY FULCHER (BRANCH MANAGER): $38,000 total reported compensation
  • CLAUDIA RAWES (BRANCH MANAGER): $36,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the centra health credit union is to meet the financial needs of our members with quality service while maintaining fiscal soundness for our credit union.

What it reported doing in 2013

The centra health credit is a member owned credit union. It provides savings, loans, and christmas clubs to its membership. The field of membership shall consist of employees, volunteers, medical staff, and immediate family of centa health. Shares are defined as the interest of a member, having an account with this credit union. To be a member of the credit union, you must have at least one share ($5). Deposits may be made into this share savings through centra health payroll, cash, or checks or other legal tender.in addition to share savings, this credit union offers christmas club accounts, certificate of deposit, and various types of loans.all share savings accounts with this credit union are insured by the ncua at $250,000 per account.policies and procedures of this credit union are subject to revision and change through its board of directors, state corp. Commission and the ncua.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 68
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.3%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 40.14; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.84; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 28%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.2% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $38K · 9 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.