RIMROCK CREDIT UNION (EIN 810269867) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

WADE MCFADDEN

Phone

4062483685

Tax Period

2023-01-01 to 2023-12-31

RIMROCK CREDIT UNION, founded in 1949, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $580K, a strong 25% operating margin.

Mission

CONSUMER (MEMBER) FINANCIAL SERVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,207,826

Investment Income $1,100,216

Other Revenue $0

TOTAL REVENUE $2,308,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,196

Fundraising Expenses $0

Other Expenses $1,235,337

TOTAL EXPENSES $1,728,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,308,042	$1,501,327	+0.5%
Expenses	$1,728,533	$1,411,455	+0.2%
Net Income	$579,509	$89,872	+5.4%

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

$257,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KRAFT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK KOERBER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JANET MASSEY	TREASURER	2.00	Officer Director	$0	$0	$0
SHAWN BETTISE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK SAYRE	DIRECTOR	2.00	Director	$0	$0	$0
TERRY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JAN ROSS	SUPERVISORY COMMITTEE	2.00	Director	$0	$0	$0
RITA WYMAN	SUPERVISORY COMMITTEE	2.00	Director	$0	$0	$0
BRANDI HICKEY	CLO	40.00	Officer	$95,978	$0	$95,978
WADE MCFADDEN	CEO	40.00	Officer	$161,141	$0	$161,141

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	$2,308,042	$1,728,533	$56,674,993	$579,509
2022	$1,501,327	$1,411,455	$57,398,405	$89,872
2021	$1,509,114	$1,313,904	$55,072,533	$195,210
2020	$1,646,343	$1,422,203	$47,564,459	$224,140
2019	$1,615,041	$1,270,915	$42,978,830	$344,126
2018	$1,442,849	$1,270,555	$38,917,939	$172,294

RIMROCK CREDIT UNION