RIVER WORKS 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

1936

Legal Domicile

Principal Officer

JAMES DONAHUE

Phone

7815990096

Tax Period

2025-01-01 to 2025-12-31

RIVER WORKS CREDIT UNION, founded in 1936, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.2M in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $9.6M left a modest 6% surplus.

Mission

THE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST.

Program Service Accomplishments

Program 1

MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS, THE PAYMENT OF INTEREST THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 10,463. NUMBER OF LOAN ACCOUNTS IS 992.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,375,736

Investment Income $1,125,183

Other Revenue $730,440

TOTAL REVENUE $10,231,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,401,162

Fundraising Expenses $0

Other Expenses $7,190,457

TOTAL EXPENSES $9,591,619

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,231,359	$8,278,993	+0.2%
Expenses	$9,591,619	$7,849,972	+0.2%
Net Income	$639,740	$429,021	+0.5%

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

$407,932

Total Directors

$422,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DONAHUE	CEO/TREASURE	40.00	Officer Director	$218,077	$33,326	$251,403
KEVIN J CHILES	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
PAUL T CROWLEY	VICE CHAIRPE	25.00	Officer Director	$7,249	$0	$7,249
GEORGE HONOR	DIRECTOR	10.00	Director	$0	$0	$0
PAUL BARRON	SECRETARY/DI	10.00	Officer Director	$0	$0	$0
KEVIN MONAHAN	DIRECTOR	10.00	Director	$0	$0	$0
KEITH KENYON	DIRECTOR	10.00	Director	$0	$0	$0
NILSON GARCIA	DIRECTOR	10.00	Director	$0	$0	$0
COLLEEN TWINEM	AVP OPERATIO	40.00	Director	$155,481	$8,865	$164,346
PETER KOPOULOS	CFO	40.00	Officer	$141,231	$8,049	$149,280
TIM LONG	DIRECTOR	10.00	Director	$0	$0	$0
JOHN MAGAZZU	DIRECTOR	10.00	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
2025	$10,231,359	$9,591,619	$184,606,689	$639,740
2024	$8,278,993	$7,849,972	$151,358,711	$429,021
2023	$6,428,970	$5,563,055	$123,514,563	$865,915
2022	$4,574,179	$4,399,314	$112,516,103	$174,865
2021	$5,008,646	$4,515,329	$115,018,497	$493,317
2020	$5,106,008	$4,765,010	$109,766,973	$340,998
2019	$4,660,468	$4,581,981	$102,221,120	$78,487
2018	$4,640,173	$4,446,073	$102,682,814	$194,100