MOBILE, AL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NEW HORIZONS CREDIT UNION, founded in 1950, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $13.7M left a modest 8% surplus.
THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN MOBILE, BALDWIN, AND CLARK COUNTIES IN ALABAMA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 22,302.
IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS...
IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.
TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,814,009 | $12,701,326 | +0.2% |
| Expenses | $13,681,094 | $11,292,377 | +0.2% |
| Net Income | $1,132,915 | $1,408,949 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LINDA BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEANNA FERGUSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT HUVAL | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LUVENIA SPOTWOOD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE MILLS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RALPH ALTICE | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY LANDRUM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDITH FRANKLIN | PRESIDENT/ CEO | 40.00 |
Officer
|
$246,752 | $35,233 | $281,985 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $14,814,009 | $13,681,094 | $269,374,333 | $1,132,915 |
| 2023 | $12,701,326 | $11,292,377 | $276,297,322 | $1,408,949 |
| 2022 | $11,191,194 | $9,043,007 | $254,296,343 | $2,148,187 |
| 2021 | $10,116,568 | $8,601,808 | $262,523,967 | $1,514,760 |
| 2020 | $10,397,372 | $8,390,475 | $235,373,370 | $2,006,897 |
| 2019 | $12,739,867 | $8,969,370 | $197,180,153 | $3,770,497 |
| 2018 | $12,918,873 | $10,115,482 | $199,173,777 | $2,803,391 |
Compare NEW HORIZONS CREDIT UNION with other nonprofits in Alabama and across the country.