TBA 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

1955

Legal Domicile

Principal Officer

KAREN BROWNE

Phone

2319467090

Tax Period

2023-01-01 to 2023-12-31

TBA CREDIT UNION, founded in 1955, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 30% operating margin.

Mission

TO SERVE THE COMMUNITY AND BUILD TRUSTED RELATIONSHIP

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2023 WAS 19,137

Program 2

THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2023 WAS 12,663.

Program 3

OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, SAFE DEPOSIT BOXES, BILL PAYMENT, TRAVELERS CHECKS, DIGITAL WALLET-APPLE, GOOGLE PAY, SAMSUNG PAY AND VARIOUS INSURANCE PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,740,325

Investment Income $1,543,105

Other Revenue $1,511,818

TOTAL REVENUE $17,795,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,594,853

Fundraising Expenses $0

Other Expenses $6,932,174

TOTAL EXPENSES $12,527,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,795,248	$12,556,006	+0.4%
Expenses	$12,527,027	$9,525,692	+0.3%
Net Income	$5,268,221	$3,030,314	+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

$1,274,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BROWNE	CEO	40.00	Officer	$306,282	$116,852	$423,134
STACYANN SMITH	CFO	40.00	Officer	$143,908	$49,013	$192,921
CHRISTOPHER MILLIRON	Vice President	40.00	Officer	$139,375	$53,364	$192,739
MEGHAN CHENOWETH	Vice President	40.00	Officer	$130,070	$29,698	$159,768
MING MAYS	Director	40.00	Officer	$114,502	$43,182	$157,684
ABBY SMITH	Director	40.00	Officer	$108,018	$40,146	$148,164
ADAM BEVIER	Director	1.00	Director	$0	$0	$0
DAN BRADY	Director	1.00	Director	$0	$0	$0
KATHLEEN DOUGLAS	Secretary	1.00	Director	$0	$0	$0
KYLE ATTWOOD	Director	1.00	Director	$0	$0	$0
DAVE SEMAN	Chairman	1.00	Director	$0	$0	$0
JESSICA YOUNG	Director	1.00	Director	$0	$0	$0
KATHERING WALKER-TELMA	Treasurer	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
2024	No data	No data	No data	No data
2023	$17,795,248	$12,527,027	$346,552,080	$5,268,221
2022	$12,556,006	$9,525,692	$344,647,354	$3,030,314
2021	$11,959,829	$8,343,991	$332,481,629	$3,615,838
2020	$11,309,058	$9,643,221	$279,941,839	$1,665,837
2019	$10,899,094	$8,842,554	$231,267,119	$2,056,540
2018	$10,364,334	$8,213,505	$218,594,615	$2,150,829