RIVER VALLEY CREDIT UNION (EIN 030196668) - 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

1946

Legal Domicile

Principal Officer

Jeffrey Morse

Phone

8022544800

Tax Period

2020-01-01 to 2020-10-31

RIVER VALLEY CREDIT UNION, founded in 1946, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2020. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $6.5M left a modest 7% surplus.

Mission

Operate a State Chartered Credit Union for the benefit of 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,164,880

Investment Income $42,055

Other Revenue $1,787,231

TOTAL REVENUE $6,994,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,999,533

Fundraising Expenses $0

Program Expenses $6,514,724

Other Expenses $2,117,926

TOTAL EXPENSES $6,514,723

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,994,166	$9,175,766	-0.2%
Expenses	$6,514,723	$7,648,598	-0.1%
Net Income	$479,443	$1,527,168	-0.7%

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

$479,832

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Morse	CEO/President	40	Key Emp	$168,077	$67,443	$235,520
Jill Fortier	CFO	50	Key Emp	$91,354	$5,555	$96,909
Ethan Grimes	VP Mortgage Lending	50	Key Emp	$73,368	$9,066	$82,434
Laura Paice	VP Consumer Lending	50	Key Emp	$56,567	$8,402	$64,969
Deborah Carpenter	Vice Chair	1.00	Director	$0	$0	$0
Robin Sweetapple	Secretary	1.00	Director	$0	$0	$0
Samantha Bova	Director	1.00	Director	$0	$0	$0
Richard Carroll	Director	1.00	Director	$0	$0	$0
Michael Cooney	Chairperson	2.00	Director	$0	$0	$0
Michael Rogers	Treasurer	2.00	Director	$0	$0	$0
James Valente	Director	1.00	Director	$0	$0	$0
Robert Kendall	Director	1.00	Director	$0	$0	$0
George Anthes	Supervisory	1.00	Director	$0	$0	$0
Adam Waite	Supervisory	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
2020	$6,994,166	$6,514,723	No data	$479,443
2019	$9,175,766	$7,648,598	$123,946,235	$1,527,168
2018	$8,413,182	$6,733,173	$115,235,995	$1,680,009

RIVER VALLEY CREDIT UNION