TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION (EIN 370799781) - 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

1950

Legal Domicile

Principal Officer

KEVIN FREEMAN

Phone

3093476013

Tax Period

2024-01-01 to 2024-10-31

TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION, founded in 1950, is a small nonprofit that reported $822K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDE CONSUMER LENDING SERVICES AND OFFER SAVINGS ACCOUNT OPTIONS FOR TAZEWELL COUNTY SCHOOL DISTRICT EMPLOYEES.

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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 $390,551

Investment Income $431,874

Other Revenue $0

TOTAL REVENUE $822,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,542

Fundraising Expenses $0

Other Expenses $866,868

TOTAL EXPENSES $1,087,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$822,425	$837,000	0.0%
Expenses	$1,087,410	$826,921	+0.3%
Net Income	$-264,985	$10,079	-27.3%

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

$86,259

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA DAVIS	CHIAR	1.00	Officer Director	$0	$0	$0
DANIEL BRIAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CONNIE SUTTON	SECRETARY	1.00	Officer Director	$0	$0	$0
H EDWARD BABCOCK	TREASURER	1.00	Officer Director	$0	$0	$0
KENT AYERS	DIRECTOR	1.00	Director	$0	$0	$0
MURRAY BRIAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA STILES	DIRECTOR	1.00	Director	$0	$0	$0
TIM BONNETTE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RETTKE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FREEMAN	PRESIDENT	40.00	Officer	$86,259	$0	$86,259

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	$822,425	$1,087,410	No data	$-264,985
2023	$837,000	$826,921	$26,254,633	$10,079
2022	$665,452	$612,692	$26,320,316	$52,760
2021	$810,329	$605,889	$24,937,472	$204,440
2020	$637,157	$581,051	$22,130,384	$56,106
2019	$661,995	$548,818	$20,895,696	$113,177
2018	$607,038	$472,666	$21,552,698	$134,372

TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNION