DIXIE CRAFT EMPLOYEES CREDIT UNION (EIN 510211419) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

JAMIE ELLIOTT

Phone

2564011220

Tax Period

2022-01-01 to 2022-11-30

DIXIE CRAFT EMPLOYEES CREDIT UNION, founded in 1974, is a small nonprofit that reported $121K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $165K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,936

Investment Income $5,236

Other Revenue $17,294

TOTAL REVENUE $45,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,138

Fundraising Expenses $0

Other Expenses $31,287

TOTAL EXPENSES $80,425

Year-over-Year Comparison

	2022	2021	Change
Revenue	$45,466	$54,499	-0.2%
Expenses	$80,425	$94,337	-0.1%
Net Income	$-34,959	$-39,838	-0.1%

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

$50,163

Total Directors

$50,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SIMPSON	CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN GILLILAND	TREASURER	1.00	Director	$0	$0	$0
MIKE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE ADAIR	PAST BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ALLRED	PAST BOARD MEMBER	1.00	Director	$0	$0	$0
JAY DOWDLE	PAST BOARD MEMBER	1.00	Director	$0	$0	$0
DINAH THOMAS	MANAGER	40.00	Officer Director	$42,666	$7,497	$50,163

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	$45,466	$80,425	No data	$-34,959
2021	$54,499	$94,337	$1,495,989	$-39,838
2020	$62,117	$133,794	$1,694,035	$-71,677
2019	$101,289	$108,908	$1,667,349	$-7,619
2018	$121,121	$164,884	$1,786,105	$-43,763

DIXIE CRAFT EMPLOYEES CREDIT UNION