RIVER CITIES COMMUNITY 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

1958

Legal Domicile

Principal Officer

BEV MCCONAUGHEY

Phone

9133671488

Tax Period

2020-01-01 to 2020-07-31

RIVER CITIES COMMUNITY CREDIT UNION, founded in 1958, is a small nonprofit that reported $216K in total revenue in fiscal year 2019. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $189K left a modest 12% surplus.

Mission

RIVER CITIES COMMUNITY CREDIT UNION VESTS ITS INTEREST IN IMPROVING THE FINANCIAL INTEREST AND WELL BEING OF OUR MEMBERS NOT ONLY IN THE PRESENT BUT IN THE FUTURE AS WELL. RIVER CITIES COMMUNITY CREDIT UNION STRIVES TO PROVIDE THE BEST SERVICE AND FINANCIAL SECURITY WHILE ALSO PROVIDING A STABLE AND CONSISTENT FINANCIAL PERFORMANCE.

Program Service Accomplishments

Program 1

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 952 MEMBERS.

Program 2

PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF JULY 31, 2019, THERE WERE 543 LOANS OUTSTANDING TOTALING $4,599,768.

Program 3

PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $27,857 FOR THE PERIOD.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $212,627

Investment Income $511

Other Revenue $2,860

TOTAL REVENUE $215,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,999

Fundraising Expenses $0

Other Expenses $117,110

TOTAL EXPENSES $189,109

Year-over-Year Comparison

	2019	2018	Change
Revenue	$215,998	$386,080	-0.4%
Expenses	$189,109	$295,262	-0.4%
Net Income	$26,889	$90,818	-0.7%

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

$30,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WOHLETZ	PRESIDENT	1.00	Director	$0	$0	$0
JACK RODKEY	VICE PRESIDENT	1.00	Director	$0	$0	$0
CAROLYN SIMMERS	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
TERESA KEARNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE MEYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY GREENLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY ERNZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BEV MCCONAUGHEY	MANAGER	40.00	Officer	$29,231	$877	$30,108

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
2020	$215,998	$189,109	No data	$26,889
2019	$386,080	$295,262	$4,920,406	$90,818
2018	$335,917	$257,168	$4,538,723	$78,749