ALABAMA ONE CREDIT UNION (EIN 630353833) - 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

1953

Legal Domicile

Principal Officer

WHITNEY OSWALT

Phone

2057591595

Tax Period

2023-01-01 to 2023-12-31

ALABAMA ONE CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $33.8M in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 18% operating margin.

Mission

COOPERATIVE CREDIT UNION

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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 $62,571,573

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,571,573

Expense Breakdown

Grants Paid $64,510

Salaries & Benefits $21,402,425

Fundraising Expenses $0

Program Expenses $57,009,626

Other Expenses $35,542,691

TOTAL EXPENSES $57,009,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,571,573	$50,038,173	+0.3%
Expenses	$57,009,626	$43,777,146	+0.3%
Net Income	$5,561,947	$6,261,027	-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

371

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

$1,165,305

Total Directors

Key Employees

$1,333,223

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON ABERNATHY	BOARD TREASURER	1.00	Director	$0	$0	$0
TAMIKA ALEXANDER	BOARD SECRETARY	1.00	Director	$0	$0	$0
FRANKLIN BOHANNON	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MARION DODSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM FANNING	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY MIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCY SELLERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE SMITH	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
JONATHAN WALKER	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
LOO WHITFIELD	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
FRED BRASWELL	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
DAVID LOE	SUPERVISORY COMMITTEE CHAIRPERSON	1.00	Director	$0	$0	$0
SHELIA PENN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM C WELLS	CEO	40.00	Officer	$593,911	$177,296	$771,207
WHITNEY OSWALT	CFO	40.00	Officer	$292,763	$101,335	$394,098
JASON HALPERIN	CHIEF RETAIL LENDING OFFIC	40.00	Key Emp	$266,804	$57,350	$324,154
SHELBY GRANTHAM	SENIOR DIRECTOR OF OPERATI	40.00	Key Emp	$165,416	$55,786	$221,202
WILLIAM R STALLINGS	CHIEF COMMERCIAL LENDING O	40.00	Key Emp	$220,659	$40,013	$260,672
ROBERT LONG	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$227,889	$89,296	$317,185
WILLIAM TURNER	SENIOR DIRECTOR OF TREASURY	40.00	Key Emp	$166,042	$42,843	$210,010
MICHAEL BROWN	SENIOR DIRECTOR OF RETAIL OPERATI	40.00	Highest	$159,668	$63,592	$223,260
TYLER FOSTER	DIRECTOR OF WEALTH ADVISOR	40.00	Highest	$137,980	$34,756	$172,736
BRITTANY FLOYD	SENIOR DIRECTOR OF MARKETING & BUSINESS DEVELOPMEN	40.00	Highest	$139,894	$60,149	$200,043
MARTIN HOUSTIN	CHIEF GROWTH OFFICER	40.00	Highest	$143,832	$55,085	$198,917
WILLIAM RICKMAN	AREA EXECUTIVE	40.00	Highest	$163,744	$28,077	$191,821

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	$62,571,573	$57,009,626	$1,221,344,942	$5,561,947
2022	$50,038,173	$43,777,146	$969,346,923	$6,261,027
2021	$41,746,504	$37,096,975	$937,318,452	$4,649,529
2020	$36,023,462	$32,816,258	$798,798,961	$3,207,204
2020	$36,023,462	$32,816,258	$798,798,961	$3,207,204
2019	$35,348,396	$29,794,310	$630,309,827	$5,554,086
2018	$33,821,508	$27,770,467	$606,535,762	$6,051,041

ALABAMA ONE CREDIT UNION