TAZEWELL CO GOVERNMENT EMPLOYEES CREDIT UNION (EIN 376028816) - 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

JOY SKOLD

Phone

3096936000

Tax Period

2020-01-01 to 2020-12-31

TAZEWELL CO GOVERNMENT EMPLOYEES CREDIT UNION, founded in 1954, is a micro nonprofit that reported $46K in total revenue in fiscal year 2020. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ASSIST MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL BEING BY PROVIDING LOANS, DEPOSITS, AND OTHER FINANCIAL INSTITUION SERVICES THAT MEET THE MUTUAL BENEFIT OF OUR MEMBERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,770

Investment Income $86

Other Revenue $99

TOTAL REVENUE $45,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,666

Fundraising Expenses $0

Other Expenses $37,679

TOTAL EXPENSES $60,345

Year-over-Year Comparison

	2020	2019	Change
Revenue	$45,955	$70,852	-0.4%
Expenses	$60,345	$79,250	-0.2%
Net Income	$-14,390	$-8,398	+0.7%

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

$20,849

Total Directors

$20,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY MCFARLIN	TREASURER/MANAGER	20.00	Officer Director	$20,849	$0	$20,849
TIM BARR	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID JUSTI	VICE CHAIRMAN	1.00	Director	$0	$0	$0
MELISSA KINWORTHY	SECRETARY	1.00	Director	$0	$0	$0
CAROL WALKER	SUPERVISORY CHAIRMAN	1.00	Director	$0	$0	$0
BRAD PARRISH	CREDIT COMMITTE CHAIRMAN	1.00	Director	$0	$0	$0
MICHELLE BLACK	MEMBERSHIP CHAIRMAN	1.00	Director	$0	$0	$0
TROY TARTER	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
TIM SMITH	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
KARLA ALEXANDER	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
ALEX BARR	CREDIT COMMITTEE	1.00	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
2020	$45,955	$60,345	No data	$-14,390

TAZEWELL CO GOVERNMENT EMPLOYEES CREDIT UNION