RIVER WORKS CREDIT UNION (EIN 046061145) - 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

1936

Legal Domicile

Principal Officer

JAMES DONAHUE

Phone

7815990096

Tax Period

2024-01-01 to 2024-12-31

RIVER WORKS CREDIT UNION, founded in 1936, is a community nonprofit in the Public & Societal Benefit sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 5% surplus.

Mission

CREDIT UNION MEMBER SERVICE/THRIFT

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,329,700

Investment Income $1,167,335

Other Revenue $781,958

TOTAL REVENUE $8,278,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,360,880

Fundraising Expenses $0

Other Expenses $5,489,092

TOTAL EXPENSES $7,849,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,278,993	$6,428,970	+0.3%
Expenses	$7,849,972	$5,563,055	+0.4%
Net Income	$429,021	$865,915	-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

$382,087

Total Directors

$397,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DONAHUE	CEO/TREASURE	40.00	Officer Director	$196,307	$32,238	$228,545
KEVIN J CHILES	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
PAUL T CROWLEY	VICE CHAIRPE	10.00	Officer Director	$7,964	$0	$7,964
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	$152,181	$8,325	$160,506
PETER KOPOULOS	CFO	40.00	Officer	$138,062	$7,516	$145,578
DAVID JENSEN	LOAN ORIGINA	40.00	Highest	$206,415	$11,305	$217,720
TIM LONG	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
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

RIVER WORKS CREDIT UNION