Longview Consolidated 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

1977

Legal Domicile

Principal Officer

Mrs Wanda Striegler

Phone

9032349998

Tax Period

2019-01-01 to 2019-12-31

Longview Consolidated Credit Union, founded in 1977, is a small nonprofit that reported $564K in total revenue in fiscal year 2019. Expenses of $626K exceeded revenue, resulting in a 11% operating deficit.

Mission

A cooperative thrift organization Established to build members' worth through savings and to provide loans at reasonable rates

Program Service Accomplishments

Program 1

Member Share Accounts The Credit Union's share accounts offer advantages to members of all ages. These accounts pay dividends quarterly and can be accessed through home banking via the internet...

Member Share Accounts The Credit Union's share accounts offer advantages to members of all ages. These accounts pay dividends quarterly and can be accessed through home banking via the internet, telephone, ATM's.

Program 2

Checking Accounts The Credit Union provides free checking for members.

Program 3

Consumer Loans The credit union provides all types of consumer loans.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $492,902

Investment Income $70,734

Other Revenue $0

TOTAL REVENUE $563,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,700

Fundraising Expenses $0

Other Expenses $354,985

TOTAL EXPENSES $625,685

Year-over-Year Comparison

	2019	2018	Change
Revenue	$563,636	$552,186	+0.0%
Expenses	$625,685	$609,401	+0.0%
Net Income	$-62,049	$-57,215	+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

Volunteers

N/A

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

$98,255

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Smith	Chairman	1.00	Officer Director	$0	$0	$0
Jimmy Garrison	Vice Chairman	1.00	Officer Director	$0	$0	$0
Wayland Jones	Treasurer	1.00	Officer Director	$0	$0	$0
Nathan Cook	Secretary	1.00	Officer Director	$0	$0	$0
Nolan Lewis	Board Member	1.00	Officer Director	$0	$0	$0
Louis Askew	Board Member	1.00	Officer Director	$0	$0	$0
Sam Tapper	Board Member	1.00	Officer Director	$0	$0	$0
Wanda Striegler	President/CEO	40.00	Key Emp Highest	$98,255	$0	$98,255

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
2019	$563,636	$625,685	$10,397,654	$-62,049
2018	$552,186	$609,401	$10,698,427	$-57,215