ALABAMA LAW ENFORCEMENT CREDIT UNION (EIN 630022431) - 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

1939

Legal Domicile

Principal Officer

KAYLA SOUTHERLAND

Phone

2055834632

Tax Period

2023-01-01 to 2023-12-31

ALABAMA LAW ENFORCEMENT CREDIT UNION, founded in 1939, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 5% surplus.

Mission

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS 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 $1,041,810

Investment Income $73,060

Other Revenue $96,191

TOTAL REVENUE $1,211,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,685

Fundraising Expenses $0

Program Expenses $1,625,985

Other Expenses $1,205,300

TOTAL EXPENSES $1,625,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,211,061	$1,322,070	-0.1%
Expenses	$1,625,985	$1,421,341	+0.1%
Net Income	$-414,924	$-99,271	+3.2%

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

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

$33,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYLA SOUTHERLAND	CEO	40.00	Officer	$33,696	$0	$33,696
KENNETH PREVO	BOARD CHAIRM	1.00	Director	$0	$0	$0
JAUNITA HULL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BOSWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAYDON NEWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
OTIS LUKE	BOARD MEMBER	1.00	Director	$0	$0	$0
WD FOSTER	SC COMM	1.00	Officer	$0	$0	$0
DEANGELO HALL	SUPERVISORY	1.00	Officer	$0	$0	$0
JAMAL MCCASKEY	SUPERVISORY	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
2024	No data	No data	No data	No data
2023	$1,211,061	$1,625,985	$10,927,993	$-414,924
2022	$1,322,070	$1,421,341	$14,241,050	$-99,271
2021	$1,242,355	$1,247,127	$18,318,114	$-4,772
2020	$1,228,146	$1,283,427	$17,473,987	$-55,281
2019	$1,336,495	$1,383,581	$15,648,395	$-47,086
2018	$1,331,322	$1,263,586	$14,125,266	$67,736

ALABAMA LAW ENFORCEMENT CREDIT UNION