1381 RIVER VALLEY CREDIT UNION INC (EIN 310547898) - 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

1949

Legal Domicile

Principal Officer

LEE SPIVEY

Phone

9378596260

Tax Period

2023-01-01 to 2023-12-31

1381 RIVER VALLEY CREDIT UNION INC, founded in 1949, is a mid-sized nonprofit that reported $24.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 18% operating margin.

Mission

A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED ENTIRELY BY 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,368,216

Investment Income $2,965,036

Other Revenue $0

TOTAL REVENUE $24,333,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,152,150

Fundraising Expenses $0

Other Expenses $12,857,900

TOTAL EXPENSES $20,010,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,333,252	$19,820,493	+0.2%
Expenses	$20,010,050	$16,128,781	+0.2%
Net Income	$4,323,202	$3,691,712	+0.2%

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

$1,630,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON BURKE	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL J GORMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFFREY STAPLETON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HALL	DIRECTOR	1.00	Director	$0	$0	$0
ANNE BURKE	DIRECTOR	1.00	Director	$0	$0	$0
VELMA AMOS	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA BROWN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F GRIFFIN	TREASURER	1.00	Officer Director	$0	$0	$0
VIRGINIA MATIS	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
JOHN E BOWEN	PRESIDENT/CEO	40.00	Officer	$317,317	$31,732	$349,049
ROBERT L DELONG JR	SVP LENDING	40.00	Officer	$159,626	$15,963	$175,589
LEE SPIVEY	SVP/CFO	40.00	Officer	$218,709	$21,870	$240,579
SUZANNE M ROUSH	SVP OPERATIONS	40.00	Officer	$181,391	$18,139	$199,530
CARRIE POYNTER	VP COMPLIANCE	40.00	Officer	$120,048	$12,005	$132,053
JONATHAN HEBRANK	VP BUSINESS SERVICES	40.00	Officer	$131,575	$13,157	$144,732
ERIC EBBERT	SVP SALES/MARKETING	40.00	Officer	$179,168	$17,917	$197,085
PEGGY MOWRY	SVP/CIO	40.00	Officer	$174,354	$17,435	$191,789
DONALD CARRUTH	BUSINESS SERVICES MANAGER	40.00	Highest	$100,615	$10,061	$110,676

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	No data	No data	No data	No data
2023	$24,333,252	$20,010,050	$456,068,400	$4,323,202
2022	$19,820,493	$16,128,781	$442,389,486	$3,691,712
2021	$18,188,326	$14,776,286	$417,823,521	$3,412,040
2020	$18,006,421	$15,062,630	$391,441,130	$2,943,791
2019	$17,942,792	$15,657,213	$341,757,752	$2,285,579
2018	$16,772,317	$15,047,613	$337,678,086	$1,724,704

1381 RIVER VALLEY CREDIT UNION INC