RICHMOND VA FIRE POLICE CREDIT UNION INC (EIN 540618258) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Phone

8043540673

Tax Period

2023-01-01 to 2023-12-31

RICHMOND VA FIRE POLICE CREDIT UNION INC, founded in 1929, is a small nonprofit that reported $968K in total revenue in fiscal year 2018. Net assets of $2.3M represent 28 months of operating reserves.

Mission

OUR MISSION IS TO SERVE THE MOST PRECIOUS COMMODITY WHICH IS OUR MEMBERS AND THEIR FAMILIES. WE ARE DEDICATED TO PROVIDING OUR MEMBERS WITH THE BEST POSSIBLE FINANCIAL SERVICES AND PRODUCTS WHILE MAINTAINING OUR CREDIT UNION'S LONG-TERM FINANCIAL STABILITY. OUR COMMITMENT IS TO PROVIE A FAIR AND HONEST PRODUCT WITH A FRIENDLY, CARING ATTITUDE WHILE STRIVING TO EXCEED OUR MEMBER'S EXPECTATION. OUR SERVICE IS ABOUT THE MEMBERS MORE SO THAN THE BOTTOM LINE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $692,493

Investment Income $319,906

Other Revenue $105,679

TOTAL REVENUE $1,118,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,545

Fundraising Expenses $0

Other Expenses $544,799

TOTAL EXPENSES $873,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,118,078	$798,681	+0.4%
Expenses	$873,344	$755,661	+0.2%
Net Income	$244,734	$43,020	+4.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY MCKINNEY	Director	2.00	Director	$0	$0	$0
MELODY SPIVEY	Director	2.00	Director	$0	$0	$0
DAN SALOTTI	Director	2.00	Director	$0	$0	$0
STACEY HARRIS	Director	2.00	Director	$0	$0	$0
VANESSA GROOMS	Director	2.00	Director	$0	$0	$0
JAMES VERLANDER	Director	2.00	Director	$0	$0	$0
MALVIN CALDWELL	Director	2.00	Director	$0	$0	$0
ROBERT MARLAND	Director	2.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$1,118,078	$873,344	$19,996,863	$244,734
2022	$798,681	$755,661	$21,759,424	$43,020
2021	$770,891	$759,253	$20,939,088	$11,638
2020	$793,068	$876,628	$20,554,675	$-83,560
2019	$904,760	$893,541	$18,611,033	$11,219
2018	$967,577	$1,062,770	$19,854,092	$-95,193

RICHMOND VA FIRE POLICE CREDIT UNION INC