CEMC EMPLOYEES CREDIT UNION (EIN 626041068) - 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

1994

Legal Domicile

Principal Officer

JOANIE BAGGETT

Phone

9316452481

Tax Period

2023-01-01 to 2023-12-31

CEMC EMPLOYEES CREDIT UNION, founded in 1994, is a small nonprofit that reported $132K in total revenue in fiscal year 2023. Expenses of $119K left a modest 10% surplus.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $109,098

Investment Income $23,378

Other Revenue $0

TOTAL REVENUE $132,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,330

Fundraising Expenses $0

Program Expenses $119,080

Other Expenses $64,750

TOTAL EXPENSES $119,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,476	$123,556	+0.1%
Expenses	$119,080	$110,925	+0.1%
Net Income	$13,396	$12,631	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BAGWELL	BOARD CHAIR	1.00	Director	$0	$0	$0
KEVIN CAIN	BOARD VICE C	1.00	Director	$0	$0	$0
ASHLEY GIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY GENTRY	BOARD SEC/TR	1.00	Director	$0	$0	$0
TERESA BROWN	SUPERVISORY	1.00	Officer	$0	$0	$0
MAGAN MORGAN	SUPERVISORY	1.00	Officer	$0	$0	$0
KAYLA JACKSON	SUPERVIOSRY	1.00	Officer	$0	$0	$0
JAMIE BYARD	CREDIT COM M	1.00	Officer	$0	$0	$0
TONI ATKINS	CREDIT COM M	1.00	Officer	$0	$0	$0
VICKI BOSTAIN	CREDIT COM M	1.00	Officer	$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
2023	$132,476	$119,080	$2,521,662	$13,396
2022	$123,556	$110,925	$2,423,611	$12,631
2021	$115,702	$110,047	$2,352,612	$5,655
2020	$118,097	$154,394	$2,466,297	$-36,297
2019	$132,021	$147,006	$2,341,901	$-14,985
2018	$120,268	$115,778	$2,443,333	$4,490

CEMC EMPLOYEES CREDIT UNION