KNOXVILLE TVA EMPLOYEES CREDIT UNION (EIN 620263105) - 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

1934

Legal Domicile

Phone

8655445400

Tax Period

2024-01-01 to 2024-12-31

KNOXVILLE TVA EMPLOYEES CREDIT UNION, founded in 1934, is a major nonprofit that reported $296.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64.7M, a strong 22% operating margin.

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 287,427 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES THAT MAINTAIN ACCOUNTS AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $296,934,710

Investment Income $0

Other Revenue $0

TOTAL REVENUE $296,934,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,215,462

Fundraising Expenses $0

Program Expenses $232,253,676

Other Expenses $73,616,966

TOTAL EXPENSES $232,253,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,934,710	$239,882,904	+0.2%
Expenses	$232,253,676	$177,582,390	+0.3%
Net Income	$64,681,034	$62,300,514	+0.0%

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

664

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

$51,885

Key Employees

$2,351,828

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN SUMMERS	PRESIDENTCEO	40.00	Highest	$639,141	$19,490	$658,631
SHANNON YORK	SENIOR VPCFO	40.00	Highest	$434,103	$28,752	$462,855
KIMBERLEY TRIMBLE	SENIOR VPCPO	40.00	Highest	$380,276	$22,287	$402,563
REBECCA KOLLENBERG	SENIOR VPCSO	40.00	Highest	$379,832	$22,184	$402,016
JEFF COTTON	CIO	40.00	Highest	$309,012	$20,238	$329,250
RUSTY ARWOOD	VP BUSINESS SERVICES	40.00	Key Emp	$230,535	$23,097	$253,632
MICKA VADEN	VP BRANCH OPERATIONS	40.00	Key Emp	$225,882	$21,470	$247,352
DENISE ODELL	VP ELECTRONIC SERVICES	40.00	Key Emp	$221,526	$22,056	$243,582
ESTATE OF GLENN SILER	FORMER CEO	0.00		$241,107	$0	$241,107
TRACY NICHOLS	VPCONTROLLER	40.00	Key Emp	$215,280	$22,489	$237,769
PAMELA WESTON	CTO	40.00	Key Emp	$197,921	$17,238	$215,159
KEITH TURNER	AVP IT OPERATIONS	40.00	Key Emp	$190,200	$20,549	$210,749
KIMBERLY ELKINS	VP INTERNAL AUDIT	40.00	Key Emp	$175,183	$20,093	$195,276
MARK JENKINS	VP COMPLIANCE & RISK MANAGEMENT	40.00	Key Emp	$178,045	$16,625	$194,670
DARREN LEE	VP CONSUMER LENDING	40.00	Key Emp	$174,796	$16,531	$191,327
KENDRA CARPENTER	VP REAL ESTATE LENDING	40.00	Key Emp	$160,264	$21,222	$181,486
CHARLOTTE HAVELY	VP MARKETING	40.00	Key Emp	$159,633	$21,193	$180,826
MITCHELL WEAVER	TREASURER	8.00	Director	$17,295	$0	$17,295
BILL BONHAM	BOARD MEMBER	8.00	Director	$17,295	$0	$17,295
SHERRY VERMILLION	BOARD MEMBER	8.00	Director	$17,295	$0	$17,295
ANDREA E BRACKETT	VICE CHAIRPERSON	0.00	Director	$0	$0	$0
PAUL IVIE	BOARD MEMBER	0.00	Director	$0	$0	$0
CLESTON O JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVE HILLENBRAND	BOARD MEMBER	0.00	Director	$0	$0	$0
TOM HEFFERNAN	CHAIRPERSON	0.00	Director	$0	$0	$0
HOWARD ROSSER	SECRETARY	0.00	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
2025	No data	No data	No data	No data
2024	$296,934,710	$232,253,676	$4,620,066,214	$64,681,034
2023	$239,882,904	$177,582,390	$4,299,355,639	$62,300,514
2022	$170,977,094	$120,354,450	$3,843,283,171	$50,622,644
2021	$162,152,547	$111,147,656	$3,429,893,801	$51,004,891
2020	$133,392,077	$105,842,063	$2,997,197,430	$27,550,014
2019	$127,770,701	$99,536,350	$2,430,831,235	$28,234,351
2018	$103,859,753	$80,155,463	$2,126,092,048	$23,704,290

KNOXVILLE TVA EMPLOYEES CREDIT UNION