CADMUS 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

1951

Legal Domicile

Phone

8042613026

Tax Period

2019-01-01 to 2019-12-31

CADMUS CREDIT UNION, founded in 1951, is a small nonprofit that reported $143K in total revenue in fiscal year 2019. Expenses of $243K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO ITS MEMBERS, INCLUDING LOAN RELATIONSHIPS, DEPOSITORY SERVICES, AND DEBIT CARDS AT ITS OFFICE AT 2901 BYRDHILL ROAD, RICHMOND, VIRGINIA BY PROFESSIONALS WHO PROVIDE EXCELLENT SERVICE.

Program Service Accomplishments

Program 1

CADMUS CREDIT UNION PROVIDED AFFORDABLE LOANS MEMBERS, MANY OF THE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED DEPOSITORY SERVICES TO MEMBERS. THE CREDIT UNION'S MEMBERSHIP CONSISTS PRIMARILY OF EMPLOYEES OF CADMUS/CENVEO AND SMURFIT STONE AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.

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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 $130,001

Investment Income $13,303

Other Revenue $0

TOTAL REVENUE $143,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,752

Fundraising Expenses $0

Other Expenses $93,550

TOTAL EXPENSES $243,302

Year-over-Year Comparison

	2019	2018	Change
Revenue	$143,304	$144,067	0.0%
Expenses	$243,302	$238,981	+0.0%
Net Income	$-99,998	$-94,914	+0.1%

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
WILMA SPRINGS-MCKEITHAN	Director	2.00	Director	$0	$0	$0
VICTORIA ALLEN	Director	2.00	Director	$0	$0	$0
WILLIAM GROOME	Chairman	2.00	Officer	$0	$0	$0
JACQUELIN BASKERVILLE	Secretary	2.00	Officer	$0	$0	$0
DONALD HILL	Chairman	2.00	Officer	$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
2019	$143,304	$243,302	$1,380,493	$-99,998
2018	$144,067	$238,981	$1,916,913	$-94,914