RIVERSET CREDIT UNION (EIN 250732150) - 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

1934

Legal Domicile

Principal Officer

ANGELO LUCATORTO

Phone

4126422875

Tax Period

2021-01-01 to 2021-01-31

RIVERSET CREDIT UNION, founded in 1934, is a small nonprofit that reported $352K in total revenue in fiscal year 2020. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 1410% operating deficit.

Mission

TO PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS 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 $252,195

Investment Income $5,322

Other Revenue $94,667

TOTAL REVENUE $352,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,301,814

Fundraising Expenses $0

Program Expenses $5,316,439

Other Expenses $4,014,625

TOTAL EXPENSES $5,316,439

Year-over-Year Comparison

	2020	2019	Change
Revenue	$352,184	$4,550,053	-0.9%
Expenses	$5,316,439	$4,542,586	+0.2%
Net Income	$-4,964,255	$7,467	-665.8%

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

N/A

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

$928,568

Total Directors

$915,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GENSURE	CHAIR	2.00	Officer Director	$900	$0	$900
ROY BUTERBAUGH	VICE CHAIR	2.00	Officer Director	$750	$0	$750
GERARD PAPARIELLA	TREASURER	2.00	Director	$900	$0	$900
HENRY STEPHENS JR	BOARD MEMBER	2.00	Director	$384	$0	$384
JOHN WILLIAMSON	SECRETARY	2.00	Officer Director	$750	$0	$750
CHRISTINE CHOJNICKI	PRESIDENT & CEO	45.00	Officer Director	$888,426	$23,256	$911,682
EDWARD RUSNAK	EVP & CFO	45.00	Officer	$11,945	$2,541	$14,486

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
2021	$352,184	$5,316,439	No data	$-4,964,255
2019	$5,683,866	$5,213,105	$110,490,547	$470,761
2018	$5,874,748	$5,196,019	$114,428,983	$678,729

RIVERSET CREDIT UNION