RICHMOND, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RICHMOND VA FIRE POLICE CREDIT UNION INC, founded in 1929, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $245K, a strong 22% operating margin.
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.
THE CREDIT UNION PROVIDED 865 AFFORDABLE LOANS MEMBERS DURING THE YEAR. MANY OF THESE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE...
THE CREDIT UNION PROVIDED 865 AFFORDABLE LOANS MEMBERS DURING THE YEAR. MANY OF THESE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED MEMBERS WITH DEPOSITORY SERVICES, INCLUDING REMOTE DEPOSIT CAPTURE, AND ACCESS VIA CREDIT UNIONS SERVICE CENTERS NATIONWIDE. THE CREDIT UNION MEMBERSHIP CONSISTS PRIMARILY OF FIREFIGHTERS, POLICE OFFICERS AND THEIR FAMILIES OF THE CITY OF RICHMOND, THE COUNTY OF HANOVER, THE RICHMOND AMBULANCE AUTHORITY AND WEST END VOLUNTEER RESCUE SQUAD AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare RICHMOND VA FIRE POLICE CREDIT UNION INC with other nonprofits in Virginia and across the country.