CAPITOL VIEW CREDIT UNION

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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

1944

Legal Domicile

Principal Officer

BENJAMIN SHERIDAN

Phone

5153488350

Tax Period

2025-01-01 to 2025-12-31

CAPITOL VIEW CREDIT UNION, founded in 1944, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2025. The organization ran a surplus of $475K, a strong 17% operating margin.

Mission

CAPITOL VIEW CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION AND IS DEDICATED TO SERVING OUR MEMBERS WITH QUALITY, COST EFFECTIVE FINANCIAL PRODUCTS AND SERVICES. WE VALUE THE SMALL-TOWN RELATIONSHIPS AND HONESTY THAT A SMALL CREDIT UNION CAN PROVIDE. BY COMBINING SMALL-TOWN RELATIONSHIPS WITH BIG-CITY SERVICES WE OPEN THE DOOR TO QUALITY, RESPONSIBLE FINANCING. WE ARE COMMITTED TO OUR MEMBERS: PROVIDING THEM WITH HELPFUL, EASY-TO-USE SERVICES THAT AIM TOWARDS ACHIEVING THEIR FINANCIAL GOALS. TOTAL MEMBERS SERVED IN 2025 - 1,759.

Program Service Accomplishments

Program 1

Expenses: $2,357,570 Revenue: $2,081,709

OUR MEMBERSHIP IS LIMITED TO PRIMARILY STATE OF IOWA EMPLOYEES AND THEIR FAMILY MEMBERS. AS OF 12-31-2025 WE HAD 1,759 MEMBERS. WE OFFER AUTO LOANS, HOME EQUITY LOANS, MORTGAGE LOANS, PERSONAL LOANS, PRIVATE STUDENT LOANS AND CREDIT CARD LOANS. OUR LOAN RATES ARE USUALLY LOWER THAN MOST COMPETITORS. WE OFFER ACCESS TO OUR MEMBERS ACCOUNTS THROUGH OUR OFFICE, OR THE INTERNET, ATM MACHINES, DEBIT OR CREDIT CARDS, OR THE SHARED BRANCHING NETWORK WE BELONG TO THAT ALLOWS OUR MEMBERS TO VISIT OVER 5000 SHARED BRANCHES NATIONWIDE. SHARED BRANCHES ARE OTHER CREDIT UNIONS THAT CHARGE US A FEE IF OUR MEMBER COMES IN AND DOES A TRANSACTION ON THEIR ACCOUNT WITH US. IN ADDITION TO THE COST OF SUPPLYING THESE ACCESS POINTS WE ALSO PAY FOR THE SECURITY SERVICES FOR THEM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,742,795

Investment Income $750,649

Other Revenue $338,914

TOTAL REVENUE $2,832,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $594,598

Fundraising Expenses $0

Program Expenses $2,357,570

Other Expenses $1,762,972

TOTAL EXPENSES $2,357,570

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,832,358	$2,803,490	+0.0%
Expenses	$2,357,570	$2,101,907	+0.1%
Net Income	$474,788	$701,583	-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

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

$132,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN WILLER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MATTHEW MCCORMICK	CFO OF BOARD	0.50	Officer Director	$0	$0	$0
TARA GANPAT-PUFFETT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TARA WASHINGTON	SECRETARY	0.50	Officer Director	$0	$0	$0
MATTHEW SCHEETZ	BOARD MEMBER	0.50	Director	$0	$0	$0
ALISON RADL	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHY FARNSWORTH-CUBIT	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE LARSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY FABER	BOARD MEMBER	0.50	Director	$0	$0	$0
BENJAMIN SHERIDAN	CEO	45.00	Officer	$120,460	$11,949	$132,409

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
2025	$2,832,358	$2,357,570	$45,994,115	$474,788
2024	$2,803,490	$2,101,907	$44,427,110	$701,583
2023	$2,472,033	$1,804,224	$43,563,121	$667,809
2022	$1,762,812	$1,404,184	$44,234,182	$358,628
2021	$1,374,765	$1,235,466	$44,112,929	$139,299
2020	$1,627,983	$1,502,444	$40,888,200	$125,539
2019	$1,837,313	$1,612,984	$36,051,724	$224,329
2018	$1,695,693	$1,458,019	$36,418,530	$237,674