RIVER REGION CREDIT UNION (EIN 440623480) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

RICHARD NICHOLS

Phone

5736354185

Tax Period

2023-01-01 to 2023-12-31

RIVER REGION CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $29.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 15% operating margin.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $391,883

Program Service Revenue $26,962,773

Investment Income $2,069,609

Other Revenue $32,311

TOTAL REVENUE $29,456,576

Expense Breakdown

Grants Paid $32,000

Salaries & Benefits $7,841,299

Fundraising Expenses $0

Other Expenses $17,025,591

TOTAL EXPENSES $24,898,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,456,576	$21,397,090	+0.4%
Expenses	$24,898,890	$15,507,357	+0.6%
Net Income	$4,557,686	$5,889,733	-0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

108

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

$2,441,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ROBINSON	CHAIRMAN	1.00	Director	$0	$0	$0
ALLEN FLOYD	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JERRY FERGUSON	SECRETARY	1.00	Director	$0	$0	$0
DAVE WILLIAMS	TREASURER	1.00	Director	$0	$0	$0
CHRIS LEUCKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BORENGASSER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD COFFEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNA SILVESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BUSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA NEWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT THIERET	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD NICHOLS	PRESIDENT/CEO	40.00	Officer	$558,745	$233,302	$792,047
GALEN WILHOIT	EVP/CHIEF FINANCIAL OFFICER	40.00	Officer	$245,285	$35,392	$280,677
LOUIE DELK	CHIEF MEMBER EXPERIENCE OFFICER	40.00	Officer	$197,989	$47,441	$245,430
ANGE DAIPRAI	VP-OPERATIONS	40.00	Officer	$94,242	$27,399	$121,641
DANA ALDERMAN	VP-BUSINESS DEVELOPMENT	40.00	Officer	$89,983	$20,456	$110,439
DONNA TOEBBEN	VP-HUMAN RESOURCES	40.00	Officer	$106,149	$24,261	$130,410
DAVE MILLER	VP-RESIDENTIAL LENDING	40.00	Officer	$108,246	$20,121	$128,367
JD MOORE	VP-INFORMATION TECHNOLOGY	40.00	Officer	$137,695	$23,090	$160,785
LISA WOLKEN	VP-REAL ESTATE LOAN ORIGINATION	40.00	Officer	$153,382	$24,722	$178,104
CRAIG DUNN	VP-REAL ESTATE LENDING	40.00	Officer	$161,488	$9,409	$170,897
CHAD KUESTER	VP-SPECIALIZED LENDING	40.00	Officer	$102,708	$20,180	$122,888
WILL LEMEN	DEALER SERVICES MANAGER	40.00	Highest	$147,874	$33,085	$180,959

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
2023	$29,456,576	$24,898,890	$508,385,975	$4,557,686
2022	$21,397,090	$15,507,357	$454,310,727	$5,889,733
2021	$18,875,180	$13,033,041	$392,060,751	$5,842,139
2020	$17,665,298	$14,236,587	$323,515,762	$3,428,711
2019	$14,771,655	$12,504,018	$267,453,155	$2,267,637
2018	$12,851,143	$10,715,363	$237,246,176	$2,135,780

RIVER REGION CREDIT UNION