LAUDERDALE COUNTY TEACHERS CREDIT UNION (EIN 630438963) - 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

1956

Legal Domicile

Principal Officer

SHERRY FULKS

Phone

2567662936

Tax Period

2024-01-01 to 2024-12-31

LAUDERDALE COUNTY TEACHERS CREDIT UNION, founded in 1956, is a small nonprofit that reported $920K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $790K left a modest 14% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,484,832

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,484,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,930

Fundraising Expenses $0

Other Expenses $786,796

TOTAL EXPENSES $1,199,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,484,832	$1,104,401	+0.3%
Expenses	$1,199,726	$885,457	+0.4%
Net Income	$285,106	$218,944	+0.3%

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

$101,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ALAN TRIMM	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
BETTY FANNIN	BOARD TREASURER	1.00	Director	$0	$0	$0
FREDA COLEMAN-REED	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LIBBY JOHNSON	SUPERVISORY COMMITTEE SECR	1.00	Director	$0	$0	$0
ARTHUR REED	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
LINDA QUIGLEY	BOARD SECRETARY	1.00	Director	$0	$0	$0
WILLIAM RANDY FANNIN	SUPERVISORY COMMITTEE CHAI	1.00	Director	$0	$0	$0
PATRICIA NEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY FULKS	MANAGER	46.00	Officer	$100,311	$1,338	$101,649

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	$1,484,832	$1,199,726	$35,739,390	$285,106
2023	$1,104,401	$885,457	$36,428,586	$218,944
2022	$830,860	$724,355	$36,517,673	$106,505
2021	$735,759	$734,098	$34,423,472	$1,661
2020	$853,725	$991,129	$31,839,022	$-137,404
2019	$968,686	$899,712	$28,784,870	$68,974
2018	$920,233	$789,775	$29,536,354	$130,458

LAUDERDALE COUNTY TEACHERS CREDIT UNION