JOURNEY 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

1954

Legal Domicile

Principal Officer

RACHEL BALLENGER

Phone

5152438735

Tax Period

2025-01-01 to 2025-12-31

JOURNEY CREDIT UNION, founded in 1954, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 22% operating margin.

Mission

THE ORGANIZATION IS A NOT-FOR-PROFIT FINACIAL INSTITUTION AND WILL STRIVE TO BENEFIT ALL MEMBERS BY PROMOTING THRIFT AND SAVINGS AND OFFERING LOANS AT REASONABLE INTEREST RATES.

Program Service Accomplishments

Program 1

Expenses: $4,995,941 Revenue: $4,996,914

JOURNEY CREDIT UNION SERVED 5,151 MEMBERS IN CENTRAL IOWA IN 2025. THE ORGANIZATION OFFERS CONSUMER LOANS AND SAVINGS PRODUCTS. THE ORGANIZATION OFFERS DEBIT AND CREDIT CARDS AS WELL AS IRA...

JOURNEY CREDIT UNION SERVED 5,151 MEMBERS IN CENTRAL IOWA IN 2025. THE ORGANIZATION OFFERS CONSUMER LOANS AND SAVINGS PRODUCTS. THE ORGANIZATION OFFERS DEBIT AND CREDIT CARDS AS WELL AS IRA, CERTIFICATE AND CHECKING ACCOUNTS. THE ORGANIZATION OFFERS SMALL DOLLAR LOANS AND SPECIALIZES IN AUTO LENDING.

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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 $3,792,563

Investment Income $1,419,331

Other Revenue $1,219,491

TOTAL REVENUE $6,431,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,357,347

Fundraising Expenses $0

Program Expenses $4,995,941

Other Expenses $3,638,594

TOTAL EXPENSES $4,995,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,431,385	$5,905,414	+0.1%
Expenses	$4,995,941	$4,425,831	+0.1%
Net Income	$1,435,444	$1,479,583	0.0%

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

$447,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED CROW	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
TERRY SMITH	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
KRIS STUBBS	TREASURER	0.50	Officer Director	$0	$0	$0
DOMINIC FILIPPELLI	SECRETARY	0.50	Officer Director	$0	$0	$0
ROBERT DEVINEY	DIRECTOR	0.50	Director	$0	$0	$0
AMBER DARDANES	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW HORRIGAN	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE GREEN	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL BALLENGER	CEO	44.00	Officer	$222,192	$59,542	$281,734
MICHELLE PEACOCK	VP BRANCH OPERATIONS	44.00	Officer	$120,039	$45,376	$165,415

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	$6,431,385	$4,995,941	$92,747,065	$1,435,444
2024	$5,905,414	$4,425,831	$88,128,196	$1,479,583
2023	$5,298,371	$3,854,483	$84,063,902	$1,443,888
2022	$4,038,666	$2,802,755	$84,833,011	$1,235,911
2021	$3,298,646	$2,490,125	$79,349,457	$808,521
2020	$3,306,932	$2,846,973	$72,308,976	$459,959
2018	$3,222,855	$2,650,374	$58,940,068	$572,481