THE WEST TENNESSEE CREDIT UNION (EIN 620794076) - 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

1967

Legal Domicile

Principal Officer

KEN NEWBERRY

Phone

9013583796

Tax Period

2024-01-01 to 2024-12-31

THE WEST TENNESSEE CREDIT UNION, founded in 1967, is a small nonprofit that reported $912K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $233K, a strong 26% operating margin.

Mission

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

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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 $838,921

Investment Income $54,046

Other Revenue $18,888

TOTAL REVENUE $911,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,748

Fundraising Expenses $0

Program Expenses $678,917

Other Expenses $353,169

TOTAL EXPENSES $678,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,855	$843,312	+0.1%
Expenses	$678,917	$656,689	+0.0%
Net Income	$232,938	$186,623	+0.2%

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN NEWBERRY	PRESIDENT/CE	40.00	Officer	$80,000	$0	$80,000
AL WISE	BOARD CHAIRM	1.00	Director	$0	$0	$0
LEONARD ROBINSON	BOARD VICE C	1.00	Director	$0	$0	$0
DANIEL WARLICK	BOARD SECRET	1.00	Director	$0	$0	$0
KEITH PIKE	BOARD TREASU	1.00	Director	$0	$0	$0
MICHAEL BEASLEY	BOARD MEMBER	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	$911,855	$678,917	$17,785,691	$232,938
2023	$843,312	$656,689	$18,659,371	$186,623
2022	$528,634	$639,320	$19,399,326	$-110,686
2021	$674,181	$616,464	$19,585,890	$57,717
2020	$672,142	$670,663	$19,113,979	$1,479
2019	$772,451	$831,784	$17,482,128	$-59,333
2018	$799,169	$798,360	$17,558,579	$809

THE WEST TENNESSEE CREDIT UNION