RIVER VALLEY 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

1961

Legal Domicile

Principal Officer

BRIAN GODWIN

Phone

5152321654

Tax Period

2025-01-01 to 2025-12-31

RIVER VALLEY CREDIT UNION, founded in 1961, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 19% operating margin.

Mission

RIVER VALLEY CREDIT UNION OPERATES FOR THE PRIMARY PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT A REASONABLE RATE AND PROVIDING OTHER FINANCIAL SERVICES TO MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $4,455,572 Revenue: $3,726,042

RIVER VALLEY CREDIT UNION SERVES 6,759 MEMBERS BY OFFERING AFFORDABLE FINANCIAL SERVICES TO IMPROVE THEIR FINANCIAL LIVES. OUR MAIN FINANCIAL SERVICES INCLUDE: MEMBER LOANS AT COMPETITIVE INTEREST...

RIVER VALLEY CREDIT UNION SERVES 6,759 MEMBERS BY OFFERING AFFORDABLE FINANCIAL SERVICES TO IMPROVE THEIR FINANCIAL LIVES. OUR MAIN FINANCIAL SERVICES INCLUDE: MEMBER LOANS AT COMPETITIVE INTEREST RATES, SAVINGS AND CHECKING ACCOUNTS WITH LOW OR NO FEES, AND ELECTRONIC FINANCIAL SERVICES SUCH AS CREDIT/DEBIT CARDS, ONLINE BANKING AND ONLINE BILL PAY.

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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 $3,363,931

Investment Income $1,774,913

Other Revenue $364,906

TOTAL REVENUE $5,503,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,297,828

Fundraising Expenses $0

Program Expenses $4,455,572

Other Expenses $3,157,744

TOTAL EXPENSES $4,455,572

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,503,750	$5,079,638	+0.1%
Expenses	$4,455,572	$4,254,493	+0.0%
Net Income	$1,048,178	$825,145	+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

$455,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY STARNES	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN ANDERSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JOEL HALVERSON	CFO/CREDIT COMMITTEE	1.00	Officer Director	$0	$0	$0
CHERYL PEARSON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
WARREN MUELLER	AUDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
STEVEN HENNAGER	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
RICARDO MARTINEZ	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
CAROL BELZER	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
RONALD MORGAN	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
BRIAN GODWIN	CEO	40.00	Officer	$195,446	$18,445	$213,891
ERIC SAILSBURY	VP OF LENDING	40.00	Officer	$102,165	$14,147	$116,312
MARGO CASEBOLT	VP OF OPERATIONS	40.00	Officer	$110,598	$14,837	$125,435

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	$5,503,750	$4,455,572	$113,830,293	$1,048,178
2024	$5,079,638	$4,254,493	$107,620,613	$825,145
2023	$4,053,420	$3,190,013	$103,386,070	$863,407
2022	$2,815,694	$2,189,704	$93,266,661	$625,990
2021	$2,682,849	$2,128,505	$87,194,590	$554,344
2020	$3,023,543	$2,287,088	$85,973,664	$736,455
2019	$3,031,141	$2,288,735	$77,530,735	$742,406
2018	$2,343,513	$1,833,762	$70,194,845	$509,751