REVITY CREDIT UNION (EIN 370646488) - 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

1941

Legal Domicile

Principal Officer

KEITH BURTON

Phone

6187977993

Tax Period

2023-01-01 to 2023-12-31

REVITY CREDIT UNION, founded in 1941, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $22.9M left a modest 7% surplus.

Mission

TO PROVIDE COOPERATIVE FINANCIAL SERVICES TO ANYONE WHO LIVES, WORKS OR ATTENDS SCHOOL WITHIN THE FOLLOWING ILLINOIS COUNTIES: SANGAMON, LOGAN, MACON, MARION, JEFFERSON, PERRY, JACKSON, WILLIAMSON, JERSEY, MACOUPIN, MONTGOMERY, MADISON, BOND, CLINTON, ST. CLAIR, MONROE, WASHINGTON AND RANDOLPH. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE 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 $17,083,989

Investment Income $6,613,334

Other Revenue $753,349

TOTAL REVENUE $24,450,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,806,149

Fundraising Expenses $0

Other Expenses $15,048,900

TOTAL EXPENSES $22,855,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,450,672	$20,228,716	+0.2%
Expenses	$22,855,049	$16,785,020	+0.4%
Net Income	$1,595,623	$3,443,696	-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

148

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

$426,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM DEVINE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEN NEWTON	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KIM FRANTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY STUART	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH SHIPP	DIRECTOR	1.00	Director	$0	$0	$0
NICK HUNIAK	DIRECTOR	1.00	Director	$0	$0	$0
RON JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
CECIL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MANION	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT SMALLIE	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
SAMUEL AKEMAN	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
ROBERT LYLES	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BURTON	PRESIDENT	40.00	Officer	$211,437	$20,752	$232,189
TAMARA WOFFORD	CHIEF FINANCIAL OFFICER	40.00	Officer	$177,867	$16,866	$194,733

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	$24,450,672	$22,855,049	$455,153,966	$1,595,623
2022	$20,228,716	$16,785,020	$436,616,353	$3,443,696
2021	$19,603,489	$14,901,006	$448,089,061	$4,702,483
2020	$18,517,571	$16,493,790	$397,616,673	$2,023,781
2019	$20,114,524	$19,283,813	$347,220,803	$830,711
2018	$19,441,363	$18,876,504	$345,209,620	$564,859

REVITY CREDIT UNION