Valley Oak Credit Union (EIN 941384575) - 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

1944

Legal Domicile

Principal Officer

Rebecca Schmidt

Phone

5595611420

Tax Period

2023-01-01 to 2023-12-31

Valley Oak Credit Union, founded in 1944, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 4% surplus.

Mission

Provided deposit and loan accounts to 6,021 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

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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 $2,769,816

Investment Income $119,918

Other Revenue $903,439

TOTAL REVENUE $3,793,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,279,161

Fundraising Expenses $0

Other Expenses $2,023,460

TOTAL EXPENSES $3,623,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,793,173	$3,336,376	+0.1%
Expenses	$3,623,070	$2,527,554	+0.4%
Net Income	$170,103	$808,822	-0.8%

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

$339,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Cortum	CEO	40.00	Officer	$147,960	$0	$147,960
Rebecca Schmidt	CFO	27.00	Officer	$105,000	$0	$105,000
Kiersten Vaughn	VP	40.00	Officer	$86,449	$0	$86,449
Randy Jordan	Director	1.00	Director	$0	$0	$0
Mike Gunning	Director	1.00	Director	$0	$0	$0
Melissa Mertz	Director	1.00	Director	$0	$0	$0
Sandra Stryd	Chairperson	1.00	Director	$0	$0	$0
Arthur Ogawa	Secretary	1.00	Director	$0	$0	$0
Phillip Holbdy	Director	1.00	Director	$0	$0	$0
Gunnar Shelton	Director	1.00	Director	$0	$0	$0
Jacob Gunning	SC Member	1.00	Director	$0	$0	$0
John P Bauer	SC Member	1.00	Director	$0	$0	$0
Steve Wood	SC Member	1.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,793,173	$3,623,070	$78,284,383	$170,103
2022	$3,336,376	$2,527,554	$76,265,916	$808,822
2021	$2,690,668	$2,215,676	$75,188,148	$474,992
2020	$2,642,912	$2,689,052	$63,196,053	$-46,140
2020	$2,642,912	$2,571,248	$63,313,857	$71,664
2019	$2,895,994	$2,778,912	$51,766,088	$117,082
2018	$3,265,608	$3,169,602	$51,241,207	$96,006

Valley Oak Credit Union