IH MISSISSIPPI VALLEY CREDIT UNION (EIN 362523206) - 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

ALLAN HOSACK

Phone

3097936200

Tax Period

2023-01-01 to 2023-12-31

IH MISSISSIPPI VALLEY CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $86.4M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $75.2M left a modest 13% surplus.

Mission

PROVIDE CONSUMER, MORTGAGE, AND BUSINESS LOANS AND DEPOSIT SERVICES TO OVER 143,655 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 $121,963,365

Investment Income $9,113,202

Other Revenue $212,129

TOTAL REVENUE $131,288,696

Expense Breakdown

Grants Paid $288,828

Salaries & Benefits $36,745,555

Fundraising Expenses $0

Other Expenses $84,459,830

TOTAL EXPENSES $121,494,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,288,696	$111,927,596	+0.2%
Expenses	$121,494,213	$93,113,066	+0.3%
Net Income	$9,794,483	$18,814,530	-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

562

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

$1,226,525

Total Directors

Key Employees

$1,283,339

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN BERRY	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JEFF CARR	DIRECTOR	2.00	Director	$0	$0	$0
TIM CONSIDINE	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN EARLY	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS CHIP IRWIN	BOARD SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SAM KUPRESIN	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
MATT MENDANHALL	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA PEPPER	FORMER DIRECTOR	2.00	Director	$0	$0	$0
THOMAS TERRONEZ	DIRECTOR	2.00	Director	$0	$0	$0
LARRY WIEMERS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN LAUFENBERG	PRESIDENT/CEO	40.00	Officer	$715,961	$40,960	$756,921
ALLAN HOSACK	CHIEF FINANCIAL OFFICER	40.00	Officer	$428,813	$40,791	$469,604
ANN MCMILLIAN	CHIEF OPERATING OFFICER	40.00	Key Emp	$419,955	$40,791	$460,746
LISA OLSON	CHIEF RISK MANAGEMENT OFFICER	40.00	Key Emp	$419,643	$40,791	$460,434
JULIE STICKNEY	CHIEF RESOURCE OFFICER	40.00	Key Emp	$325,000	$37,159	$362,159
ROBERT ROSEMAN	VP INDIRECT BUSINESS DEVELOPMENT	40.00	Highest	$358,352	$28,054	$386,406
AJAY SINGH	SVP, LENDING	40.00	Highest	$270,706	$35,084	$305,790
ANDREW GROTHE	SVP, WEALTH MGMT AND INVESTMENT SERVICES	40.00	Highest	$219,365	$30,633	$249,998
DANIELLE SONS	SVP, FINANCE	40.00	Highest	$218,422	$31,756	$250,178
JUSTIN JOHNSON	SVP, SALES AND MARKETING	40.00	Highest	$206,544	$30,366	$236,910

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	$131,288,696	$121,494,213	$2,139,207,809	$9,794,483
2022	$111,927,596	$93,113,066	$2,035,628,610	$18,814,530
2021	$105,810,576	$79,027,262	$1,832,277,197	$26,783,314
2020	$98,803,364	$91,810,852	$1,695,743,488	$6,992,512
2019	$95,764,953	$84,154,044	$1,477,272,406	$11,610,909
2018	$86,366,188	$75,232,054	$1,342,918,600	$11,134,134

IH MISSISSIPPI VALLEY CREDIT UNION