Smart Choice Credit Union

EIN: 571135349

Cleveland, TN

Total Revenue
$226,278
Total Expenses
$220,355
Total Assets
$3,451,897
Net Assets
$3,441,831
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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
2003
Legal Domicile
TN
Principal Officer
Denis Collins
Phone
4235591181
Tax Period
2024-01-01 to 2024-12-31

Smart Choice Credit Union, founded in 2003, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. Net assets of $3.4M represent 183 months of operating reserves.

Mission

provide credit union services to community development population

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,433
Investment Income $73,752
Other Revenue $23,093
TOTAL REVENUE $226,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,315
Fundraising Expenses $0
Program Expenses $220,355
Other Expenses $74,040
TOTAL EXPENSES $220,355

Year-over-Year Comparison

2024 2023 Change
Revenue $226,278 $215,201 +0.1%
Expenses $220,355 $200,814 +0.1%
Net Income $5,923 $14,387 -0.6%
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

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Governance

Voting Members
1585
Independent Members
1585
Employees
2
Volunteers
N/A

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Denis Collins president 040.00
Officer 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 $226,278 $220,355 $3,451,897 $5,923
2023 $215,201 $200,814 $3,669,137 $14,387
2022 $162,354 $191,170 $3,678,260 $-28,816
2021 $174,284 $165,407 $3,959,587 $8,877
2019 $191,510 $179,537 $3,530,459 $11,973
2018 $195,799 $174,502 $3,345,960 $21,297
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