2 Rivers Area Credit Union (EIN 362282246) - 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

1951

Legal Domicile

Principal Officer

Danita Swanson

Phone

8159352270

Tax Period

2023-01-01 to 2023-12-31

2 Rivers Area Credit Union, founded in 1951, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 8% surplus.

Mission

Illinois state chartered credit union operated for the mutual benefit of 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 $1,181,667

Investment Income $240,329

Other Revenue $0

TOTAL REVENUE $1,421,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,705

Fundraising Expenses $0

Other Expenses $950,981

TOTAL EXPENSES $1,389,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,421,996	$1,420,049	+0.0%
Expenses	$1,389,686	$1,375,395	+0.0%
Net Income	$32,310	$44,654	-0.3%

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

$110,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Westover	Chairman	2.00	Officer Director	$0	$0	$0
John Absher	Vice-Chair	2.00	Officer Director	$0	$0	$0
John Hogan	Treasurer	2.00	Officer Director	$0	$0	$0
Brad Kuntz	Secretary	2.00	Officer Director	$0	$0	$0
Thomas Maass	Director	2.00	Director	$0	$0	$0
Ronnie Collins	Director	2.00	Director	$0	$0	$0
Patricia Williams	Director	2.00	Director	$0	$0	$0
Marc Magiera	Director	2.00	Director	$0	$0	$0
Danita Swanson	President/Manager	40.00	Officer	$107,478	$3,085	$110,563

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	$1,421,996	$1,389,686	$24,299,447	$32,310
2022	$1,420,049	$1,375,395	$25,117,085	$44,654
2021	$1,291,223	$1,216,839	$23,574,338	$74,384
2020	$1,211,117	$1,404,116	$21,074,743	$-192,999
2019	$1,182,129	$1,162,812	$18,161,752	$19,317
2018	$1,129,340	$1,038,376	$17,356,027	$90,964

2 Rivers Area Credit Union