EASTMAN CREDIT UNION (EIN 626039479) - 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

Principal Officer

KELLY PRICE

Phone

4232298200

Tax Period

2024-01-01 to 2024-12-31

EASTMAN CREDIT UNION, founded in 1934, is a major nonprofit that reported $536.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132.6M, a strong 25% operating margin.

Mission

OPERATED DURING 2024 AS A STATE CHARTERED CREDIT UNION WHOSE PURPOSE IS (CONTINUED ON SCHEDULE O) TO BE THE PREFERRED FINANCIAL INSTITUTION IN THE COMMUNITIES WE SERVE BY PROVIDING FINANCIAL PRODUCTS AND SERVICES WHICH ADD VALUE TO MEMBERS, GUIDED BY CREDIT UNION CO-OPERATIVE VALUES AND SERVICE EXCELLENCE EXPECTATIONS.

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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 $477,914,261

Investment Income $57,958,083

Other Revenue $108,333

TOTAL REVENUE $535,980,677

Expense Breakdown

Grants Paid $1,913,703

Salaries & Benefits $93,916,398

Fundraising Expenses $0

Other Expenses $307,524,182

TOTAL EXPENSES $403,354,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$535,980,677	$436,090,758	+0.2%
Expenses	$403,354,283	$283,680,095	+0.4%
Net Income	$132,626,394	$152,410,663	-0.1%

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

1161

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

$5,008,348

Total Directors

$1,336,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
GARY BASS	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIE HAMMONDS	DIRECTOR	1.00	Director	$0	$0	$0
J ANDREW HATFIELD JR	DIRECTOR	2.00	Director	$0	$0	$0
E WAYNE KIRK	CHAIRMAN OF THE BOARD (THRU 12/24)	5.00	Officer Director	$0	$0	$0
KYLE MACIONE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MILLER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
NORRIS SNEED	CHAIRMAN OF THE BOARD (AS OF 12/24)	5.00	Officer Director	$0	$0	$0
JENNIFER STEWART	VICE CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
KELLY PRICE	PRESIDENT/CEO, DIRECTOR	40.00	Officer Director	$1,237,631	$98,761	$1,336,392
TONJA FISH	EVP, CHIEF FINANCIAL OFFICER	40.00	Officer	$542,933	$59,336	$602,269
DARRELL DINSMORE	EVP, CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$502,700	$62,618	$565,318
DOLLY LINKOUS	VP, CHIEF LENDING OFFICER	40.00	Officer	$399,938	$52,952	$452,890
MATT WIMBERLEY	VP, CHIEF LEGAL & RISK OFFICER	40.00	Officer	$346,046	$58,554	$404,600
JEREMIAH LOUNDS	VP, CHIEF OPERATING OFFICER	40.00	Officer	$419,836	$58,554	$478,390
RUSSELL AYSCUE	VP, CHIEF INFORMATION OFFICER	40.00	Officer	$393,216	$60,839	$454,055
MARK MILLWOOD	VP, CHIEF HUMAN RESOURCE OFFICER	40.00	Officer	$343,568	$58,239	$401,807
MATTHEW SMITH	VP, CHIEF MARKETING/ANALYTICS OFFICER	40.00	Officer	$263,766	$48,861	$312,627
THOMAS KENNEDY	VP, BUSINESS SERVICES	40.00	Highest	$321,299	$64,523	$385,822
MICHELLE CLARK	VP ENTERPRISE RISK MANAGEMENT	40.00	Highest	$224,410	$42,774	$267,184
SCOTT DAVIS	VP, CONTROLLER	40.00	Highest	$204,726	$44,030	$248,756
JILL ALLEY	DIRECTOR, MEMBER CONTACT CENTER	40.00	Highest	$201,245	$46,548	$247,793
CHUCK PERRY	VP, BRANCH OPERATIONS	40.00	Highest	$277,733	$41,493	$319,226
OLAN JONES	FORMER PRESIDENT/CEO	0.00		$104,931	$0	$104,931

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	$535,980,677	$403,354,283	$9,097,283,047	$132,626,394
2023	$436,090,758	$283,680,095	$8,017,428,459	$152,410,663
2022	$342,469,069	$207,574,980	$7,481,805,455	$134,894,089
2021	$291,234,788	$190,998,639	$7,123,603,375	$100,236,149
2020	$271,988,267	$195,303,852	$6,139,596,788	$76,684,415
2019	$251,106,306	$181,790,875	$5,099,588,309	$69,315,431
2018	$216,841,815	$155,604,971	$4,530,156,863	$61,236,844

EASTMAN CREDIT UNION