RIVERMARK COMMUNITY CREDIT UNION (EIN 936024307) - 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

1951

Legal Domicile

Principal Officer

SETH SCHAEFER

Phone

5035262696

Tax Period

2023-01-01 to 2023-12-31

RIVERMARK COMMUNITY CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $81.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $77.0M left a modest 5% surplus.

Mission

CONDUCTING CREDIT UNION FINANCIAL SERVICES FOR A MEMBER OWNED FINANCIAL COOPERATIVE.

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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 $66,593,410

Investment Income $14,773,788

Other Revenue $0

TOTAL REVENUE $81,367,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,464,124

Fundraising Expenses $0

Other Expenses $46,541,524

TOTAL EXPENSES $77,005,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,367,198	$65,250,684	+0.2%
Expenses	$77,005,648	$58,236,378	+0.3%
Net Income	$4,361,550	$7,014,306	-0.4%

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

356

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

$4,078,111

Total Directors

$166,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH SCHAEFER	PRESIDENT/CEO	40.00	Officer	$1,826,013	$99,014	$1,925,027
CORI POLAND	CHIEF EXPERIENCE OFFICER	40.00	Officer	$352,836	$111,167	$464,003
ABEN HILL	CHIEF LENDING OFFICER	40.00	Officer	$332,125	$109,260	$441,385
STEPHANIE STRIMLING	CHIEF INNOVATION OFFICER	40.00	Officer	$282,657	$122,732	$405,389
DAVID NOBLE	CHIEF MARKETING OFFICER	40.00	Officer	$280,146	$130,764	$410,910
JOSEPH BRIAN GRIFFIS	CHIEF FINANCIAL OFFICER (THRU 2/23)	40.00	Officer	$220,111	$6,079	$226,190
RYAN HALLEY	VICE PRESIDENT FINANCIAL WELLNESS	40.00	Highest	$196,200	$7,616	$203,816
LANCE FINK	DATA PROGRAM MANAGER	40.00	Highest	$188,127	$13,983	$202,110
MICKEY BEARD	VICE PRESIDENT CONSUMER LENDING	40.00	Highest	$185,042	$14,304	$199,346
RANDAL BRESEE	VICE PRESIDENT MEMBER EXPERIENCE	40.00	Highest	$180,539	$14,556	$195,095
BRIAN GREENFIELD	VICE PRESIDENT OF TECHNOLOGY	40.00	Highest	$182,971	$7,133	$190,104
JEREMY CALVA	CHIEF FINANCIAL OFFICER	40.00	Officer	$144,749	$2,458	$147,207
KIM BICKFORD	BOARD CHAIR	2.00	Officer Director	$22,000	$0	$22,000
GLORIA ZABEL	BOARD VICE CHAIR	2.00	Officer Director	$18,000	$0	$18,000
JOSH STEPHENSON	SECRETARY	2.00	Officer Director	$18,000	$0	$18,000
GARY FRAYN	BOARD MEMBER	2.00	Director	$16,500	$0	$16,500
KERRI LEATHERS IZUNAGBARA	BOARD MEMBER	2.00	Director	$16,500	$0	$16,500
ROB LAVIGNE	BOARD MEMBER	2.00	Director	$15,000	$0	$15,000
STEVEN HOLLAND	BOARD MEMBER	2.00	Director	$15,000	$0	$15,000
JESUS PALOMARES	BOARD MEMBER	2.00	Director	$15,000	$0	$15,000
BRETT BRYANT	BOARD MEMBER	2.00	Director	$15,000	$0	$15,000
DENNIS FULLAN	BOARD MEMBER (THRU 4/23)	2.00	Director	$7,500	$0	$7,500
BILL ROBERTS JR	BOARD MEMBER (THRU 4/23)	2.00	Director	$7,500	$0	$7,500

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	$81,367,198	$77,005,648	$1,448,214,620	$4,361,550
2022	$65,250,684	$58,236,378	$1,400,588,793	$7,014,306
2021	$59,063,025	$47,068,779	$1,282,908,447	$11,994,246
2020	$54,069,750	$49,569,944	$1,120,708,547	$4,499,806
2019	$56,492,705	$43,384,385	$869,108,239	$13,108,320
2018	$54,539,784	$44,297,627	$857,074,350	$10,242,157

RIVERMARK COMMUNITY CREDIT UNION