AZALEA CITY CREDIT UNION (EIN 630338577) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Phone

2513160000

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS IN THE STATE OF ALABAMA AZALEA CITY CREDIT UNION, founded in 1954, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2018. Expenses of $2.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,898,230

Investment Income $487,382

Other Revenue $746,006

TOTAL REVENUE $3,131,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,148,871

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,694,598

TOTAL EXPENSES $2,843,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,131,618	$2,662,808	+0.2%
Expenses	$2,843,469	$2,145,116	+0.3%
Net Income	$288,149	$517,692	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$222,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLABODE ANISE	PRESIDENT/CEO	40	Director Highest	$222,226	$0	$222,226
JERRY BYRD	CHAIRMAN	0.00	Director	$0	$0	$0
LAWRENCE WOOD	VICE-CHAIRMAN	0.00	Director	$0	$0	$0
AARON ANDRY	SECRETARY	0.00	Director	$0	$0	$0
MONA WILLIAMS	DIRECTOR	0.00	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	$3,131,618	$2,843,469	$43,077,807	$288,149
2023	$2,662,808	$2,145,116	$42,434,958	$517,692
2022	$2,228,511	$1,620,460	$34,244,152	$608,051
2021	$2,094,361	$1,696,759	$34,468,822	$397,602
2020	$2,085,552	$1,830,318	$31,419,151	$255,234
2019	$2,288,732	$1,984,448	$27,472,385	$304,284
2018	$2,290,375	$2,750,338	$27,293,965	$-459,963

AZALEA CITY CREDIT UNION