NAHEOLA CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

MARK JOHNSON

Phone

2056542370

Tax Period

2024-01-01 to 2024-12-31

NAHEOLA CREDIT UNION, founded in 1959, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 17% operating margin.

Mission

COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

Program Service Accomplishments

Program 1

Expenses: $11,149,167

CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. NAHEOLA CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY RESIDENTS OF CHOCTAW, MARENGO, WASHINGTON, CLARKE, SUMTER, HALE, PERRY, GREENE, MOBILE, ESCAMBIA, OR BALDWIN COUNTY IN THE STATE OF ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP IS ALSO OPEN TO ANYONE WORKING, PERFORMING BUSINESS, OR ATTENDING A CHURCH IN THOSE COUNTIES. AT DECEMBER 31, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 12,256 MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,423,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,423,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,757,960

Fundraising Expenses $0

Program Expenses $11,149,167

Other Expenses $8,391,208

TOTAL EXPENSES $11,149,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,423,300	$11,164,826	+0.2%
Expenses	$11,149,168	$8,978,138	+0.2%
Net Income	$2,274,132	$2,186,688	+0.0%

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

$426,265

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLARD E MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY W MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH M MCILWAIN	BOARD SECRETARY	1.00	Director	$0	$0	$0
WILLIAM S ADAMS	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LYNETTE M BARKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH M MOODY	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN R RAMSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY W JACKSON	SUPERVISORY COMMITTEE CHAIR	1.00	Director	$0	$0	$0
AVIE N LINDSEY	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
WILLIAM TRAEGER	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
MARK J JOHNSON	CEO	40.00	Officer	$224,332	$30,182	$254,514
CHARLES MORGAN REYNOLDS	COO	40.00	Officer	$140,800	$30,951	$171,751
CHARLES E SINGLETON	AREA PRESIDENT	40.00	Highest	$175,800	$12,152	$187,952
JAMES STANFORD	SR VP LENDING	40.00	Highest	$156,900	$9,055	$165,955

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	$13,423,300	$11,149,168	$196,979,015	$2,274,132
2023	$11,164,826	$8,978,138	$181,154,521	$2,186,688
2022	$9,386,778	$7,082,736	$165,827,709	$2,304,042
2021	$8,796,117	$6,837,627	$166,557,513	$1,958,490
2020	$8,482,129	$6,870,453	$154,785,200	$1,611,676
2019	$7,309,927	$6,154,510	$119,021,495	$1,155,417
2018	$6,258,176	$4,693,622	$104,222,040	$1,564,554