NORTH ALABAMA EDUCATORS CREDIT UNION (EIN 636023153) - 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

1957

Legal Domicile

Principal Officer

GREG OLMSTED

Phone

2566342423

Tax Period

2025-01-01 to 2025-12-31

NORTH ALABAMA EDUCATORS CREDIT UNION, founded in 1957, is a community nonprofit in the Public & Societal Benefit sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 9% 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,837,063

Investment Income $1,919,783

Other Revenue $552,831

TOTAL REVENUE $6,309,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,142,857

Fundraising Expenses $0

Program Expenses $5,691,419

Other Expenses $3,548,562

TOTAL EXPENSES $5,691,419

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,309,677	$5,746,115	+0.1%
Expenses	$5,691,419	$5,539,148	+0.0%
Net Income	$618,258	$206,967	+2.0%

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

Total Directors

Key Employees

$172,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG OLMSTED	PRESIDENT/CE	40.00	Key Emp	$153,535	$19,115	$172,650
WAYMON BURKE	BOARD CHAIR	1.00	Director	$0	$0	$0
STEPHANIE BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSEMARY HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT LIPSCOMB	BOARD TREASU	1.00	Director	$0	$0	$0
MELVINA PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SHARP	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH VALLELY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHALE VANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCES HARLESS-WOODS	SC MEM	1.00	Officer	$0	$0	$0
CAROLYN LOVE-RICE	SC CHAIR	1.00	Officer	$0	$0	$0
NATHAN L MILLER	SC MEM	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
2025	$6,309,677	$5,691,419	$139,285,227	$618,258
2024	$5,746,115	$5,539,148	$132,710,838	$206,967
2023	$4,932,962	$4,477,719	$130,464,501	$455,243

NORTH ALABAMA EDUCATORS CREDIT UNION