CREDIT UNIONS IN THE STATE OF ALABAMA (EIN 636045677) - 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

1940

Legal Domicile

Principal Officer

Rick Miller

Phone

2059441192

Tax Period

2022-01-01 to 2022-12-31

CREDIT UNIONS IN THE STATE OF ALABAMA, founded in 1940, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2018. The organization ran a surplus of $385K, a strong 18% operating margin.

Mission

State of Alabama Chartered Credit Union that is an independent full service financial institution that provides credit union services to individuals and businesses in Jefferson and Montgomery counties in the State of Alabama.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $183,044

Other Revenue $2,904,671

TOTAL REVENUE $3,087,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,633

Fundraising Expenses $0

Program Expenses $2,653,656

Other Expenses $2,171,023

TOTAL EXPENSES $2,653,656

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,087,715	$2,112,859	+0.5%
Expenses	$2,653,656	$1,688,888	+0.6%
Net Income	$434,059	$423,971	+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

Total Directors

Key Employees

$127,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Miller	CEO	40	Key Emp Highest	$127,930	$0	$127,930
Reggie Johnson	President	1	Director	$0	$0	$0
Rick Goodwin	Vice President	1	Director	$0	$0	$0
Kipp Tohill	Board Member	1	Director	$0	$0	$0
Phillip Heard	Board Member	1	Director	$0	$0	$0
Debra Hunter	Board Member	1	Director	$0	$0	$0
Kim Caddell	Supervisory Committee	1	Director	$0	$0	$0
Charles Jackman	Supervisory Committee	1	Director	$0	$0	$0
Evon Moss	Board Member	1	Director	$0	$0	$0
Bertha Douglas	Supervisory Committee	1	Director	$0	$0	$0
Beverly Cox	Secretary	1	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
2022	$3,087,715	$2,653,656	$43,861,204	$434,059
2021	$2,112,859	$1,688,888	$49,650,401	$423,971
2020	$2,026,057	$1,974,898	$49,150,261	$51,159
2019	$2,072,999	$2,037,214	$39,459,468	$35,785
2018	$2,096,021	$1,710,796	$39,585,985	$385,225

CREDIT UNIONS IN THE STATE OF ALABAMA