ALABAMA TEACHERS CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

JEFF NAPPER

Phone

2565437040

Tax Period

2023-01-01 to 2023-12-31

ALABAMA TEACHERS CREDIT UNION, founded in 1959, is a mid-sized nonprofit that reported $28.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $24.1M left a modest 15% surplus.

Mission

COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

Program Service Accomplishments

Program 1

Expenses: $24,087,717

ALABAMA BANKING CODE, SECTION 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT...

ALABAMA BANKING CODE, SECTION 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. ALABAMA TEACHERS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE THESE SERVICES TO ITS MEMBERS WHO ARE EMPLOYEES, AND THEIR RELATIVES, OF THE PUBLIC SCHOOLS LOCATED IN ETOWAH, DEKALB, MARSHALL, CHEROKEE, AND CALHOUN COUNTIES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2023, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 32,620 MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,308,124

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,308,124

Expense Breakdown

Grants Paid $134,865

Salaries & Benefits $8,675,744

Fundraising Expenses $0

Program Expenses $24,087,717

Other Expenses $15,277,108

TOTAL EXPENSES $24,087,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,308,124	$23,248,388	+0.2%
Expenses	$24,087,717	$18,657,736	+0.3%
Net Income	$4,220,407	$4,590,652	-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

109

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

$1,678,139

Total Directors

$3,814

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARTHA LAVENDER	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
CHUCK RODEN	BOARD MEMBER THRU FEB 2023	1.00	Director	$0	$0	$0
SONNY KIRBY	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
DR TONY J CATANZARO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH SAWYER	BOARD SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JOAN LEE	SUPERVISORY COMMITTEE THRU FEB 2023	1.00	Director	$0	$0	$0
DR RONALD T MOSLEY	SUPERVISORY COMMITTEE CHAIR	1.00	Director	$0	$1,267	$1,267
TONY REDDICK	BOARD MEMBER	1.00	Director	$0	$262	$262
EMILY H MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY L GOLDEN	SUPERVISORY COMMITTEE MBR	1.00	Director	$0	$2,285	$2,285
RONALD W BILL LOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA BEVIS	SUPERVISORY COMMITTEE MBR	1.00	Director	$0	$0	$0
RON SUMMERALL	PRESIDENT/CEO	40.00	Officer	$1,421,257	$33,903	$1,455,160
JEFF NAPPER	VICE-PRESIDENT/CFO	40.00	Officer	$196,617	$26,362	$222,979
GINA CHAMBERS	VICE PRESIDENT	40.00	Highest	$156,352	$32,362	$188,714
JD HOLT	FINANCIAL ADVISOR	40.00	Highest	$433,988	$59,178	$493,166
JOEY CLARK	VICE PRESIDENT	40.00	Highest	$126,098	$30,386	$156,484
MIKE SELF	VICE PRESIDENT	40.00	Highest	$172,251	$41,997	$214,248

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	No data	No data	No data	No data
2023	$28,308,124	$24,087,717	$531,369,874	$4,220,407
2022	$23,248,388	$18,657,736	$479,200,439	$4,590,652
2021	$19,350,763	$16,092,963	$477,477,278	$3,257,800
2020	$17,953,564	$15,451,117	$415,803,086	$2,502,447
2019	$18,074,007	$14,948,285	$343,754,148	$3,125,722
2018	$16,132,685	$13,488,181	$302,815,886	$2,644,504