NORTH EAST TEXAS CREDIT UNION (EIN 750830371) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

BARBARA KAY STEWART

Phone

9036562576

Tax Period

2021-01-01 to 2021-12-31

NORTH EAST TEXAS CREDIT UNION, founded in 1948, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2021. Expenses of $8.1M left a modest 14% surplus.

Mission

TO INCREASE OUR MEMBERS' FINANCIAL WELL BEING AND STANDARD OF LIVING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,324,601

Investment Income $1,137,512

Other Revenue $15,880

TOTAL REVENUE $9,477,993

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $3,781,849

Fundraising Expenses $0

Other Expenses $3,835,278

TOTAL EXPENSES $8,113,723

Year-over-Year Comparison

	2021	2020	Change
Revenue	$9,477,993	$9,089,729	+0.0%
Expenses	$8,113,723	$8,312,195	0.0%
Net Income	$1,364,270	$777,534	+0.8%

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

$399,654

Total Directors

$233,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA KAY STEWART	PRESIDENT/CEO/SEC&TREASURER (RETIRED 6/30/22)	40.00	Officer Director	$214,629	$18,684	$233,313
KEITHA NILSSON	EXECUTIVE VICE PRESIDENT	40.00	Officer	$143,765	$22,576	$166,341
EEARL MUELLER	IT ADMINISTRATOR	40.00	Highest	$128,828	$15,948	$144,776
ANNA WEBB-MOORE	VP COMPLIANCE	40.00	Highest	$101,424	$31,974	$133,398
MINDY NICHOLS	VP ACCOUNTING	40.00	Highest	$102,243	$22,736	$124,979
DEBORAH MARTIN	CHAIR	1.00	Officer Director	$0	$0	$0
EARL ALEXANDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROY HENRY	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE SMITH	DIRECTOR	1.00	Director	$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
2021	$9,477,993	$8,113,723	$200,998,493	$1,364,270
2020	$9,089,729	$8,312,195	$193,125,846	$777,534
2019	$9,239,687	$8,506,195	$161,716,142	$733,492
2018	$8,658,705	$7,616,161	$152,885,518	$1,042,544

NORTH EAST TEXAS CREDIT UNION