ALABAMA CENTRAL CREDIT UNION (EIN 630002236) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

JESSICA BAKER

Phone

2055101316

Tax Period

2023-01-01 to 2023-12-31

ALABAMA CENTRAL CREDIT UNION, founded in 1938, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2018. Expenses of $8.8M left a modest 5% surplus.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,964,546

Investment Income $530,472

Other Revenue $2,731,673

TOTAL REVENUE $11,226,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,202,741

Fundraising Expenses $0

Other Expenses $5,912,630

TOTAL EXPENSES $10,115,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,226,691	$10,136,034	+0.1%
Expenses	$10,115,371	$8,917,432	+0.1%
Net Income	$1,111,320	$1,218,602	-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

$387,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY FREEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF BOWLING	TREASURER	2.00	Officer Director	$0	$0	$0
KAITLYN BROWN	CHAIRWOMAN	2.00	Officer Director	$0	$0	$0
ROBERT CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
STAN WHITEHURST	DIRECTOR	2.00	Director	$0	$0	$0
RICK HARDY	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
MIKE NORMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD HADDOCK	PRESIDENT/CEO	40.00	Officer	$205,124	$32,974	$238,098
JESSICA BAKER	CFO	40.00	Officer	$130,219	$19,303	$149,522
WILLIAM PARKER	DIRECTOR OF LENDING	40.00	Highest	$130,068	$24,652	$154,720

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	$11,226,691	$10,115,371	$196,073,446	$1,111,320
2022	$10,136,034	$8,917,432	$204,184,392	$1,218,602
2021	$9,288,021	$8,471,046	$198,120,743	$816,975
2020	$9,327,773	$9,295,331	$184,569,564	$32,442
2019	$9,449,573	$8,667,236	$152,863,273	$782,337
2018	$9,247,024	$8,823,435	$137,710,894	$423,589

ALABAMA CENTRAL CREDIT UNION