SWEETEX CREDIT UNION

EIN: 750869112

Longview, TX

Total Revenue
$291,719
Total Expenses
$290,575
Total Assets
$10,035,093
Net Assets
$3,521,649
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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
1952
Legal Domicile
TX
Principal Officer
LAWANDA DRENNAN
Phone
9037531150
Tax Period
2023-01-01 to 2023-12-31

SWEETEX CREDIT UNION, founded in 1952, is a small nonprofit that reported $292K in total revenue in fiscal year 2023. Net assets of $3.5M represent 145 months of operating reserves.

Mission

SWEETEX CREDIT UNION OFFERS SAVINGS AND LOANS TO A SINGLE EMPLOYEE GROUP AND THEIR FAMILIES AT ECONOMICAL RATES AND ENCOURAGES THE FINANCIAL HEALTH OF OUR MEMBER-OWNERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $168,217
Investment Income $123,502
Other Revenue $0
TOTAL REVENUE $291,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,840
Fundraising Expenses $0
Program Expenses $0
Other Expenses $113,735
TOTAL EXPENSES $290,575

Year-over-Year Comparison

2023 2022 Change
Revenue $291,719 $274,097 +0.1%
Expenses $290,575 $261,928 +0.1%
Net Income $1,144 $12,169 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

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
4
$99,867
Total Directors
5
$0
Key Employees
1
$99,867
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWANDA DRENNAN PRESIDENT/CEO 40
Officer Key Emp
$84,067 $15,800 $99,867
RITA HOGAN BOARD CHAIRMAN 2
Officer Director
$0 $0 $0
RAYMOND F TAYLOR BOARD VICE CHAIRMAN 2.0
Officer Director
$0 $0 $0
RONALD TEVEBAUGH DIRECTOR 1.5
Officer Director
$0 $0 $0
LINDA DAILEY DIRECTOR 0.50
Director
$0 $0 $0
BRYAN BLANTON DIRECTOR 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $291,719 $290,575 $10,035,093 $1,144
2022 $274,097 $261,928 $10,947,699 $12,169
2021 $290,948 $285,694 $10,581,382 $5,254
2020 $351,480 $319,012 $10,444,132 $32,468
2019 $337,545 $295,193 $10,274,468 $42,352
2018 $314,154 $279,685 $10,808,259 $34,469
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