OLD HICKORY CREDIT UNION (EIN 626040210) - 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

1959

Legal Domicile

Principal Officer

BONNETTE DAWSON

Phone

6158474043

Tax Period

2023-01-01 to 2023-12-31

OLD HICKORY CREDIT UNION, founded in 1959, is a mid-sized nonprofit that reported $18.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $15.9M left a modest 13% surplus.

Mission

PROVISION OF CREDIT UNION SERVICES

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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 $0

Program Service Revenue $15,656,753

Investment Income $474,735

Other Revenue $2,152,799

TOTAL REVENUE $18,284,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,987,486

Fundraising Expenses $0

Other Expenses $9,867,089

TOTAL EXPENSES $15,854,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,284,287	$14,832,560	+0.2%
Expenses	$15,854,575	$12,806,714	+0.2%
Net Income	$2,429,712	$2,025,846	+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

100

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

$310,591

Total Directors

Key Employees

$441,274

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNETTE DAWSON	CEO	45.00	Officer	$291,050	$19,541	$310,591
MICHAEL MILES	PRESIDENT	45.00	Key Emp	$204,338	$26,721	$231,059
AMY HARRIS	CFO	45.00	Key Emp	$188,675	$21,540	$210,215
RON BERTHOLD	SECRETARY	5.00	Director	$0	$0	$0
STACY BOWERS	DIRECTOR	5.00	Director	$0	$0	$0
MARK BRANSTETTER	INVESTMENTS	5.00	Director	$0	$0	$0
TERESA CROSSLIN	TREASURER	5.00	Director	$0	$0	$0
BARKLEY DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
SHERRI FERGUSON	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM JENNINGS	CHAIRMAN	5.00	Director	$0	$0	$0
STANLEY MARSHALL	VICE CHAIRMA	5.00	Director	$0	$0	$0
DANNY WEEKS	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$18,284,287	$15,854,575	$327,399,023	$2,429,712
2022	$14,832,560	$12,806,714	$340,319,225	$2,025,846
2021	$12,481,869	$10,530,799	$313,316,175	$1,951,070
2020	$12,416,622	$11,795,571	$276,455,105	$621,051
2019	$12,864,687	$11,816,108	$234,129,987	$1,048,579
2018	$12,030,386	$10,699,635	$225,359,080	$1,330,751

OLD HICKORY CREDIT UNION