TENNESSEE CREDIT UNION LEAGUE INC

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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

1934

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE CREDIT UNION LEAGUE INC, founded in 1934, is a micro nonprofit that reported $60K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND SUPPORT THE SUCCESS AND ADVANCEMENT OF CREDIT UNIONS IN THE STATE OF TENNESSEE.

Program Service Accomplishments

Program 1

Expenses: $64,014 Revenue: $59,022

THROUGH SEVEN REGIONAL CHAPTERS, APPROXIMATLEY 130 MEMBER CREDIT UNIONS ARE PROVIDED WITH A VENUE FOR EDUCATION AND DEVELOPMENT THORUGH MEETINGS, PRESENTATIONS, AND NEWSLETTERS.

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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 $10,729

Program Service Revenue $47,996

Investment Income $781

Other Revenue $0

TOTAL REVENUE $59,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,014

Other Expenses $64,014

TOTAL EXPENSES $64,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,506	$31,420	+0.9%
Expenses	$64,014	$44,600	+0.4%
Net Income	$-4,508	$-13,180	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARISSA LANE	PRESIDENT - NORTHEAST TENNESS	1.00	Officer Director	$0	$0	$0
DAVIDA BARKER	PRESIDENT - JACKSON CHAPTER O	1.00	Officer Director	$0	$0	$0
BETH SCRUGGS	PRESIDENT - KNOXVILLE AREA CH	1.00	Officer Director	$0	$0	$0
CRYSTAL HATCHER	PRESIDENT - HIWASSEE CHAPTER	1.00	Officer Director	$0	$0	$0
BECKY HICKS	PRESIDENT - CHATTANOOGA CHAPT	1.00	Officer Director	$0	$0	$0
JOEL FORBESS	PRESIDENT - MEMPHIS CHAPTER	1.00	Officer Director	$0	$0	$0
CASSIE FIVECOAT	PRESIDENT - MIDDLE TENNESSEE	1.00	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
2023	$59,506	$64,014	$74,961	$-4,508
2022	$31,420	$44,600	$79,469	$-13,180
2021	$8,612	$13,310	$92,649	$-4,698
2020	$19,907	$19,985	$97,347	$-78