ALABAMA STATE EMPLOYEES CREDIT UNION (EIN 630348156) - 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

1954

Legal Domicile

Principal Officer

SHANNON WATKINS

Phone

8006349171

Tax Period

2023-01-01 to 2023-12-31

ALABAMA STATE EMPLOYEES CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2018. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $19.2M left a modest 12% surplus.

Mission

PROVIDING FINANCIAL SERVICES TO OUR MEMBERSHIP.

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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 $15,996,986

Investment Income $3,609,719

Other Revenue $7,416,434

TOTAL REVENUE $27,023,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,814,433

Fundraising Expenses $0

Other Expenses $14,265,219

TOTAL EXPENSES $23,079,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,023,139	$23,220,315	+0.2%
Expenses	$23,079,652	$19,643,903	+0.2%
Net Income	$3,943,487	$3,576,412	+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

145

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

$407,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALESIA DOOLEY	SECRETARY	1.00	Director	$0	$0	$0
KENNETH BLANKENSHIP	DIRECTOR	1.00	Director	$0	$0	$0
PERRY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CAROL J PRESTON	PRESIDENT	1.00	Director	$0	$0	$0
JOHN P GRAY	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOHN T GRAY	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM HATCH	DIRECTOR	1.00	Director	$0	$0	$0
SHARON MILLS	TREASURER	1.00	Director	$0	$0	$0
MELINDA CLACK	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE LASSITER	DIRECTOR	1.00	Director	$0	$0	$0
JASON DEAN	CEO/CFO	40.00	Officer	$246,105	$42,552	$288,657
ALESIA DOOLEY	CFO	40.00	Officer	$103,362	$15,757	$119,119

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	$27,023,139	$23,079,652	$398,307,514	$3,943,487
2022	$23,220,315	$19,643,903	$417,583,945	$3,576,412
2021	$19,973,256	$17,237,085	$434,037,642	$2,736,171
2020	$20,573,433	$19,513,056	$393,125,165	$1,060,377
2019	$22,464,565	$20,785,834	$323,919,572	$1,678,731
2018	$21,683,573	$19,176,927	$294,473,218	$2,506,646

ALABAMA STATE EMPLOYEES CREDIT UNION