RIPCO CREDIT UNION (EIN 390571035) - 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

1932

Legal Domicile

Principal Officer

JENNIFER GRINDER

Phone

7153654800

Tax Period

2023-01-01 to 2023-12-31

RIPCO CREDIT UNION, founded in 1932, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.8M left a modest 8% surplus.

Mission

THROUGH OUR "ATTITUDE OF EXCELLENCE" RIPCO CREDIT UNION DELIVERS EXCEPTIONAL FINANCIAL SERVICES WHILE BUILDING LIFELONG RELATIONSHIPS - ONE MEMBER AT A TIME.

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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 $7,909,477

Investment Income $1,681,780

Other Revenue $0

TOTAL REVENUE $9,591,257

Expense Breakdown

Grants Paid $5,650

Salaries & Benefits $3,891,922

Fundraising Expenses $0

Other Expenses $4,906,726

TOTAL EXPENSES $8,804,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,591,257	$7,543,781	+0.3%
Expenses	$8,804,298	$7,024,233	+0.3%
Net Income	$786,959	$519,548	+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

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

$493,355

Total Directors

$19,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER GRINDER	PRESIDENT/CEO	40.00	Officer	$220,830	$18,326	$239,156
STEPHANIE LASKA	CFO	40.00	Officer	$146,814	$5,475	$152,289
PAMELA M CHITKO	VP OF LENDING	40.00	Highest	$100,324	$2,759	$103,083
VERONIKA BARON	INTERIM PRESIDENT/CEO (THRU SEP.)	40.00	Officer	$81,590	$10,070	$91,660
STEVEN FERCH	CHAIRMAN	1.00	Officer Director	$4,500	$0	$4,500
HEATHER SCHALLOCK	VICE CHAIRMAN	1.00	Officer Director	$3,200	$0	$3,200
RICK ZOERB	DIRECTOR	1.00	Director	$2,600	$0	$2,600
MAGGIE STEFFEN	SECRETARY/TREASURER	1.00	Officer Director	$2,550	$0	$2,550
ALYSSA BORSKI	DIRECTOR	1.00	Director	$2,300	$0	$2,300
GRACE ZUIKER NASH	DIRECTOR	1.00	Director	$2,300	$0	$2,300
CHAD BAKER	DIRECTOR	1.00	Director	$1,650	$0	$1,650
ROD OLSON	DIRECTOR (THRU MAR.)	1.00	Director	$450	$0	$450

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	$9,591,257	$8,804,298	$180,873,404	$786,959
2022	$7,543,781	$7,024,233	$188,341,075	$519,548
2021	$7,425,527	$6,480,367	$186,942,299	$945,160
2020	$7,282,377	$6,408,078	$163,667,640	$874,299
2019	$7,202,724	$6,209,579	$136,462,185	$993,145
2018	$6,551,186	$5,503,594	$129,944,445	$1,047,592

RIPCO CREDIT UNION