CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION (EIN 630355713) - 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

1951

Legal Domicile

Principal Officer

DEBBIE GRAY

Phone

2565478190

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $33.9M in total revenue in fiscal year 2018. Expenses of $29.5M left a modest 13% 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 $42,961,321

Investment Income $2,676,904

Other Revenue $22,447,182

TOTAL REVENUE $68,085,407

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $21,791,414

Fundraising Expenses $0

Other Expenses $36,144,592

TOTAL EXPENSES $57,951,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,085,407	$50,899,243	+0.3%
Expenses	$57,951,006	$41,445,214	+0.4%
Net Income	$10,134,401	$9,454,029	+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

204

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

$2,037,091

Total Directors

$1,877

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LP WILLIAMSON	BOARD CHAIR	2.00	Director	$0	$0	$0
BILL WILLARD	VICE CHAIRMAN	2.00	Director	$0	$0	$0
HACKY JAGGERS	SECRETARY	2.00	Director	$1,877	$0	$1,877
WALLY BURNS	DIRECTOR	2.00	Director	$0	$0	$0
RANDEL MOUNTAIN	DIRECTOR	2.00	Director	$0	$0	$0
RONNIE REED	DIRECTOR	2.00	Director	$0	$0	$0
JAMES WILKES	TREASURER	2.00	Director	$0	$0	$0
DANNY VARNON	PRESIDENT	38.00	Officer	$519,905	$58,818	$578,723
DEBORAH GRAY	CHIEF FINANCIAL OFFICER	38.00	Officer	$282,185	$79,432	$361,617
ROBERT RAYBURN	CHIEF LENDING OFFICER	38.00	Officer	$283,534	$56,224	$339,758
CURTIS LETSON	EXECUTIVE VICE PRESIDENT	38.00	Officer	$313,601	$56,739	$370,340
JONATHAN ROLAND	CHEIF INFORMATION OFFICER	38.00	Officer	$152,902	$35,013	$187,915
LESLI BISHOP	CHIEF MARKETING OFFICER	38.00	Officer	$158,946	$39,792	$198,738
AMY JACKSON	MORTGAGE SERVICES DIRECTOR	38.00	Highest	$273,891	$53,498	$327,389
JOHN RIDDLE	COMMERCIAL LENDER	38.00	Highest	$745,100	$46,909	$792,009
MARCIE RIDDLE	DIRECTOR OF BUSINESS SERVICES	38.00	Highest	$143,163	$36,179	$179,342
SCOTTY BELL	REGIONAL OPERATIONS DIRECTOR	38.00	Highest	$115,967	$35,132	$151,099
CHELSEA MCCARY	COMMERCIAL LOAN ASSISTANT	38.00	Highest	$134,063	$39,943	$174,006

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	$68,085,407	$57,951,006	$965,802,595	$10,134,401
2022	$50,899,243	$41,445,214	$756,761,608	$9,454,029
2021	$43,280,897	$35,911,852	$666,462,536	$7,369,045
2020	$37,344,332	$31,951,911	$572,938,486	$5,392,421
2019	$36,416,050	$31,115,740	$434,577,972	$5,300,310
2018	$33,874,477	$29,548,434	$404,958,311	$4,326,043

CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION