ALABAMA RURAL ELECTRIC CREDIT UNION (EIN 630595918) - 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

1969

Legal Domicile

Principal Officer

JANE J BOYSEN

Phone

3342157328

Tax Period

2019-01-01 to 2019-12-31

ALABAMA RURAL ELECTRIC CREDIT UNION, founded in 1969, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 14% surplus.

Mission

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,375,567

Investment Income $204,518

Other Revenue $265,466

TOTAL REVENUE $1,845,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,900

Fundraising Expenses $0

Program Expenses $1,639,344

Other Expenses $966,444

TOTAL EXPENSES $1,639,344

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,845,551	$1,657,128	+0.1%
Expenses	$1,639,344	$1,431,509	+0.1%
Net Income	$206,207	$225,619	-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

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

$76,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE J BOYSEN	PRESIDENT/CE	40.00	Officer	$33,061	$15,758	$48,819
CECILIA WAITS	VICE PRESIDE	40.00	Officer	$15,742	$12,244	$27,986
JEFF HODGES	BOARD CHAIRM	1.00	Director	$0	$0	$0
DAVID LOE	BOARD VICE-C	1.00	Director	$0	$0	$0
RITA KELLEY	BOARD TREASU	1.00	Director	$0	$0	$0
ELAINE BARROW	BOARD SECRET	1.00	Director	$0	$0	$0
FRED BRASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BOBO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SHEFFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BARLOW	SUPERVISORY	1.00	Officer	$0	$0	$0
KIM LYLES MAYE	SUPERVISORY	1.00	Officer	$0	$0	$0
KIM CARTER	SUPERVISORY	1.00	Officer	$0	$0	$0

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
2019	$1,845,551	$1,639,344	$34,519,463	$206,207
2018	$1,657,128	$1,431,509	$33,754,219	$225,619

ALABAMA RURAL ELECTRIC CREDIT UNION