TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION (EIN 621099217) - 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

1992

Legal Domicile

Principal Officer

KAREN ALLRED

Phone

6152515145

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION, founded in 1992, is a small nonprofit that reported $647K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $381K, a strong 59% 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 $585,671

Investment Income $61,573

Other Revenue $0

TOTAL REVENUE $647,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,959

Fundraising Expenses $0

Program Expenses $266,049

Other Expenses $93,090

TOTAL EXPENSES $266,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,244	$518,314	+0.2%
Expenses	$266,049	$258,343	+0.0%
Net Income	$381,195	$259,971	+0.5%

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

$100,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ALLRED	MANAGER	40.00	Officer	$76,219	$24,027	$100,246
MICHAEL COX	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRI SEIGRIST	BOARD PRESID	1.00	Director	$0	$0	$0
DERECK STEWART	BOARD TREASU	1.00	Director	$0	$0	$0
CHAROLETTE AUSTIN	BOARD SECRET	1.00	Director	$0	$0	$0
ALBERT STRAWTHER	BOARD VICE-P	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
2025	No data	No data	No data	No data
2024	$647,244	$266,049	$11,743,946	$381,195
2023	$518,314	$258,343	$10,886,907	$259,971
2022	$387,124	$221,510	$10,345,078	$165,614
2021	$366,506	$336,390	$10,640,291	$30,116
2020	$351,448	$304,067	$10,054,778	$47,381
2019	$336,608	$303,377	$9,364,639	$33,231
2018	$330,681	$295,879	$9,234,546	$34,802

TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION