Dixie Line Credit Union

Not tax-deductible

Nashville, TNMutual-benefit / member-servingEIN 62-0631778Revenue $923K in FY2025

On file with the IRS567 Veritas St, 37211-2835 · Nashville, TNTax-exempt since Jun 1952

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Credit Union

Run by 5 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $60K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.9M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$923K
+3% vs prior year
Spent
$1.1M
To programs
0%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$923K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$503K
FY2022$608K
FY2023$755K
FY2024$895K
FY2025$923K
Expenses
$1.1M
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$493K
FY2021$425K
FY2022$491K
FY2023$582K
FY2024$811K
FY2025$1.1M
Net assets
$2.3M
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.1M
FY2022$2.2M
FY2023$2.4M
FY2024$2.4M
FY2025$2.3M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$74,665Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Melissia Riddle$74,665$69,000$57,975$52,780——
Kathy Jones————$64,802$59,000
Jennifer Honea——$49,936$48,164——
Melissa Riddle————$46,901$46,135

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dixie Line Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Dixie Line Credit Union is a member-serving organization based in Nashville, TN.

Provided by the organization

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$923K
Ln 12
Fees for servicesLn 2g$636K
Investment incomeLn 3$201K
Other incomeLn 4–11$86K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$980K
Total assetsLn 16$13.2M
LiabilitiesLn 26$10.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$636K
Investment incomeLn 3$201K
Other incomeLn 4–11$86K
Gains on assetsLn 7$0
Total revenueLn 12$923K
Assets in detailPt X, end of year
CashLn 1$139K
SavingsLn 2$842K
Cash and savings togetherLn 1–2$980K
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$35K
Other assetsLn 15$315K
Total assetsLn 16$13.2M
LiabilitiesLn 26$10.9M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.5M$980K
InvestmentsLn 11–13$3.2M$4.1M
Land, buildings, equipmentLn 10c$34K$35K
Total assetsLn 16$12.8M$13.2M
LiabilitiesLn 26$10.3M$10.9M
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$75K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$150K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$18K
Payroll taxesLn 10$17K
Management feesLn 11a$0
Legal feesLn 11b$10K
Accounting feesLn 11c$25K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$0
Office expensesLn 13$9K
Information technologyLn 14$776
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$12K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$622K
All other expensesLn 24e$93K
Total functional expensesLn 25$1.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $923K$1.1M−$145K$2.3M 990 PDF
FY2024 $895K$811K$83K$2.4M 990 PDF
FY2023 $755K$582K$173K$2.4M 990 PDF
FY2022 $608K$491K$117K$2.2M 990 PDF
FY2021 $503K$425K$78K$2.1M 990 PDF
FY2020 $546K$493K$53K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $922,945 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $602,986$636,061
I-10 Investment incomePrior year $225,933$200,950
I-11 Other revenuePrior year $65,847$85,934
I-12 Total revenuePrior year $894,766$922,945
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $227,625$259,085
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $583,793$808,769
I-18 Total expensesPrior year $811,418$1,067,854
I-19 Revenue less expensesPrior year $83,348−$144,909
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $922,945 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $500 · Excluded from tax $635,561$636,061
VIII-3 Investment incomeExcluded from tax $200,950$200,950
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $85,934$85,934
VIII-12 Total revenueUnrelated business $500 · Excluded from tax $922,445$922,945
Part IX · Statement of functional expenses $1,067,854 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$74,665
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$149,749
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$18,073
IX-10 Payroll taxes$16,598
IX-11a Management fees$0
IX-11b Legal fees$10,335
IX-11c Accounting fees$24,507
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$5,382
IX-12 Advertising and promotion$0
IX-13 Office expenses$8,786
IX-14 Information technology$776
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$10,467
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$12,099
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$9,045
IX-23 Insurance$12,015
IX-24 Other expenses (24a–d)$622,276
IX-24e All other expenses$93,081
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,067,854
Part X · Balance sheet $13,191,363 assets, 18 lines filed
Asset lines not itemized here account for $7,747,504; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $104,558$138,691
X-2 Savings and temporary cash investmentsStart of year $1,348,912$841,624
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $16,887$13,942
X-10c Land, buildings and equipment, netStart of year $33,900$34,816
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $3,250,000$4,100,000
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $191,819$314,786
X-16 Total assetsStart of year $12,785,560$13,191,363
X-17 Accounts payable and accrued expensesStart of year $30,793$31,065
X-25 Other liabilitiesStart of year $10,312,042$10,890,501
X-26 Total liabilitiesStart of year $10,342,835$10,921,566
X-32 Total net assets or fund balancesStart of year $2,442,725$2,269,797
X-33 Total liabilities and net assetsStart of year $12,785,560$13,191,363
Part XI · Reconciliation of net assets $2,269,797 net assets at year end
XI-1 Total revenue$922,945
XI-2 Total expenses$1,067,854
XI-3 Revenue less expenses−$144,909
XI-4 Net assets at start of year$2,442,725
XI-9 Other changes in net assets−$28,019
XI-10 Net assets at end of year$2,269,797

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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