VALLEYSTAR 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

1953

Legal Domicile

Principal Officer

WOODY WINDLEY

Phone

2766321679

Tax Period

2024-01-01 to 2024-12-31

VALLEYSTAR CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $40.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $47.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

VALLEYSTAR CREDIT UNION PRIMARY EXEMPT PURPOSE IS TO RETURN EXCESS EARNINGS TO ALL ITS MEMBERS IN THE FORM OF BETTER DEPOSIT/LOAN RATES AND LOWER FEES. VALLEYSTAR CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERATIVE WHERE ALL MEMBERS BENEFIT EQUALLY, AND ALL MEMBERS HAVE AN EQUAL VOTE.

Program Service Accomplishments

Program 1

PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE LESS EXPENSIVE LOAN PRODUCTS RELATIVE TO OTHER FINANCIAL INSTITUTIONS, HIGHER DEPOSIT ACCOUNT RATES, LOWER FEES, STRONG COMMUNITY INVOLVEMENT BY VOLUNTEERS AND...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,760,670

Investment Income $2,999,394

Other Revenue $6,838,921

TOTAL REVENUE $40,598,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,075,149

Fundraising Expenses $0

Other Expenses $31,452,146

TOTAL EXPENSES $47,527,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,598,985	$44,706,028	-0.1%
Expenses	$47,527,295	$43,107,110	+0.1%
Net Income	$-6,928,310	$1,598,918	-5.3%

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

191

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

$3,534,267

Total Directors

$86,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY JO RAY	DIRECTOR & VICE CHAIR	1.00	Director	$6,000	$0	$6,000
CAMERON COOPER	SUPERVISORY COMMITTEE	1.00	Director	$4,800	$0	$4,800
DAVID L DEAL	DIRECTOR & SECRETARY	1.00	Director	$6,000	$0	$6,000
DOUGLAS W NUNN	DIRECTOR	1.00	Director	$6,000	$0	$6,000
G STEVE ISLEY	DIRECTOR	1.00	Director	$6,000	$0	$6,000
GREGORY W HILL	DIRECTOR & LEGISLATIVE REP	1.00	Director	$6,000	$0	$6,000
JAMES B RORRER	DIRECTOR & CHAIRMAN	1.00	Director	$6,000	$0	$6,000
JASON VIPPERMAN	DIRECTOR & TREASURER	1.00	Director	$6,000	$0	$6,000
NANCY S PHILLIPS	DIRECTOR	1.00	Director	$6,000	$0	$6,000
REBECCA FREEMAL	CHIEF MARKETING AND COMM O	40.00	Director	$6,000	$0	$6,000
RICHARD L WOOD	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
SANDY HINES	SUPERVISORY COMMITTEE	1.00	Director	$4,800	$0	$4,800
SANDY STRAYER	SUPERVISORY COMMITTEE	1.00	Director	$4,800	$0	$4,800
STEPHANIE POTTER	VP OF BRAND	40.00	Director	$6,000	$0	$6,000
TERRY A YOUNG	DIRECTOR	1.00	Director	$6,000	$0	$6,000
WHITNEY ARMSTRONG-COLLINS	VOLUNTEER AT LARGE	1.00	Director	$0	$0	$0
MENDY SHAFFER	CFO	40.00	Director	$6,000	$0	$6,000
ANGELA DAVIS	SVP COO	40.00	Officer	$169,692	$0	$169,692
BENJAMIN MCBRIDE	SENIOR VP OF IT	40.00	Officer	$169,707	$0	$169,707
JOHN HUDSON	VP OF COMSUMER LENDING	40.00	Officer	$149,550	$0	$149,550
JORDAN WEATHERHOLTZ	VP OF DATA ANALYTICS	40.00	Officer	$189,631	$0	$189,631
JUSTIN BARNES	CHIEF LENDING OFFICER	40.00	Officer	$224,427	$0	$224,427
KEVIN B LAINE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$303,426	$0	$303,426
LESLIE RAKES	SVP OF HUMAN RESOURCES	40.00	Officer	$202,165	$0	$202,165
MICHAEL WARRELL	PRESIDENT/CEO	40.00	Officer	$531,542	$0	$531,542
MISTY REED	SVP OF CREDIT ADMIN	40.00	Officer	$218,361	$0	$218,361
ROBERT BROWN	VP OF ORGANIZATIONAL DEVEL	40.00	Officer	$112,575	$0	$112,575
ROBERT SPARROW	CHIEF RISK OFFICER	40.00	Officer	$238,823	$0	$238,823
ROBERT TURNER	VP OF FACILITIES AND SECUR	40.00	Officer	$89,804	$0	$89,804
SHEILA RATLIFF	VP OF MORTGAGE LENDING	40.00	Officer	$117,609	$0	$117,609
SUSAN CHAPMAN	CHIEF MARKETING OFFICERS	40.00	Officer	$172,061	$0	$172,061
SHARON CLARK	VP OF ACCOUNTING	40.00	Officer	$59,989	$0	$59,989
KAITLIN ELIZONDO-EASTRIDGE	VP COMMERCIAL LENDING	40.00	Officer	$120,538	$0	$120,538
CHRISTY NESTER	VP OF ADMINISTRATIVE SERVI	40.00	Officer	$90,011	$0	$90,011
LINWOOD WINDLEY	CFO	40.00	Officer	$271,452	$0	$271,452
APRIL YOUNG	VP RISK MANAGEMENT	1.00	Officer	$102,904	$0	$102,904

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	$40,598,985	$47,527,295	$585,256,924	$-6,928,310
2023	$44,706,028	$43,107,110	$657,634,154	$1,598,918
2022	$35,715,444	$32,449,236	$679,489,982	$3,266,208
2021	$29,130,606	$26,171,205	$615,061,530	$2,959,401
2020	$27,239,587	$26,188,961	$548,472,996	$1,050,626
2019	$26,310,935	$23,736,125	$499,530,359	$2,574,810
2018	$21,614,333	$18,980,731	$400,492,378	$2,633,602