RED OAK 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

1955

Legal Domicile

Principal Officer

DAPHNE NEWELL

Phone

2057591371

Tax Period

2025-01-01 to 2025-12-31

RED OAK CREDIT UNION, founded in 1955, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2025. Expenses of $3.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 4,629 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,854,425

THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

Program 2

Expenses: $475,403

THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,810,953

Investment Income $462,646

Other Revenue $411,230

TOTAL REVENUE $2,684,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,574

Fundraising Expenses $0

Program Expenses $3,329,828

Other Expenses $2,704,254

TOTAL EXPENSES $3,356,828

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,684,829	$2,685,782	0.0%
Expenses	$3,356,828	$3,335,071	+0.0%
Net Income	$-671,999	$-649,289	+0.0%

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
SUSAN DOWDLE	BOARD TREASU	1.00	Director	$0	$0	$0
LINDA FORTE	BOARD SECRET	1.00	Director	$0	$0	$0
BEN HORTON	BOARD VICE C	1.00	Director	$0	$0	$0
GREGORY MADRID	BOARD MEM	1.00	Director	$0	$0	$0
SAMMY WATSON	BOARD MEM	1.00	Director	$0	$0	$0
MICHAEL WILSON	BOARD CHAIR	1.00	Director	$0	$0	$0
TAMATHA ANTHONY	SC MEM	1.00	Officer	$0	$0	$0
BOBBIE GARNER	BOARD MEM	1.00	Officer	$0	$0	$0
IRIS ROBERTSON	SC CHAIR	1.00	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
2025	$2,684,829	$3,356,828	$41,064,206	$-671,999
2024	No data	No data	No data	No data
2023	$2,466,461	$2,714,058	$43,079,437	$-247,597
2022	$2,234,656	$2,156,522	$40,895,274	$78,134
2021	$1,851,079	$2,054,168	$37,790,371	$-203,089
2020	$1,990,219	$2,002,942	$37,160,431	$-12,723
2018	$2,158,354	$1,873,363	$29,309,533	$284,991