KINGSPORT PRESS CU

EIN: 626041453

Kingsport, TN

Total Revenue
$5,167,292
Total Expenses
$3,880,573
Total Assets
$86,710,686
Net Assets
$12,956,600
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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
1932
Legal Domicile
TN
Principal Officer
Walter Salyers
Phone
4233789292
Tax Period
2024-01-01 to 2024-12-31

KINGSPORT PRESS CU, founded in 1932, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 25% operating margin.

Mission

To provide financial services to approximately 6,467 members (owners) in the form of financial counseling, loans, IRA's, deposit accounts, etc...

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,085
Program Service Revenue $4,076,647
Investment Income $912,795
Other Revenue $175,765
TOTAL REVENUE $5,167,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,089,996
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,790,577
TOTAL EXPENSES $3,880,573

Year-over-Year Comparison

2024 2023 Change
Revenue $5,167,292 $4,440,263 +0.2%
Expenses $3,880,573 $3,112,477 +0.2%
Net Income $1,286,719 $1,327,786 0.0%
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

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Governance

Voting Members
7
Independent Members
6467
Employees
N/A
Volunteers
7

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
1
$99,233
Total Directors
7
$0
Key Employees
1
$99,233
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walter Salyers President/CEO 40
Officer Key Emp Highest
$99,233 $0 $99,233
Christine Grant Chairperson 2
Director
$0 $0 $0
Larry Gullion Director 1
Director
$0 $0 $0
Hollis Anderson Director 1
Director
$0 $0 $0
Mark Taylor Vice-Chairman 1
Director
$0 $0 $0
Bryce Castle Director 2
Director
$0 $0 $0
Jack Parsons Director 1
Director
$0 $0 $0
Billy White Director 1
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 $5,167,292 $3,880,573 $86,710,686 $1,286,719
2023 $4,440,263 $3,112,477 $80,324,321 $1,327,786
2022 $3,565,234 $2,741,572 $81,978,043 $823,662
2021 $2,996,726 $2,902,463 $84,186,864 $94,263
2020 $3,225,669 $3,080,631 $80,072,044 $145,038
2019 $3,587,970 $3,060,797 $71,377,908 $527,173
2018 $3,322,408 $2,833,080 $66,938,489 $489,328
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