VALLEY FIRST CREDIT UNION (EIN 941439553) - 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

KATHRYN DAVIS

Phone

2095498500

Tax Period

2023-01-01 to 2023-12-31

VALLEY FIRST CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $57.2M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 16% operating margin.

Mission

PROVIDE SUPERIOR SERVICE TO OUR MEMBERS AND COMMUNITY

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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 $3,239,444

Program Service Revenue $49,781,547

Investment Income $4,165,506

Other Revenue $0

TOTAL REVENUE $57,186,497

Expense Breakdown

Grants Paid $208,176

Salaries & Benefits $15,157,228

Fundraising Expenses $0

Other Expenses $32,406,365

TOTAL EXPENSES $47,771,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,186,497	$40,105,453	+0.4%
Expenses	$47,771,769	$30,736,008	+0.6%
Net Income	$9,414,728	$9,369,445	+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

208

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

$970,324

Total Directors

Key Employees

$675,656

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED CRUZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATTI GILLIHAN	SECRETARY AND TREASURER	2.00	Officer Director	$0	$0	$0
GARY HALL	DIRECTOR	1.00	Director	$0	$0	$0
TOM KANE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS PETERSON	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN SCHNEIDER	DIRECTOR	2.00	Director	$0	$0	$0
TAMRA SPADE	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN DAVIS	PRESIDENT & CEO	50.00	Officer	$661,885	$62,421	$724,306
TODD MCCOY	CHIEF FINANCIAL OFFICER	45.00	Officer	$212,464	$33,554	$246,018
COURTNAY LYNCH	VP, PEOPLE & CULTURE	50.00	Key Emp	$176,756	$32,949	$209,705
CHRIS HEWITT	VP, OPS & DIGITAL STRATEGY	45.00	Key Emp	$212,041	$38,927	$250,968
PAUL EMANUELS	VP, LENDING	45.00	Key Emp	$195,993	$18,990	$214,983
ANDREA BROOKS	CHIEF RISK OFFICER	50.00	Highest	$197,619	$33,152	$230,771
CHRIS BRAUN	VP, PAYMENTS	45.00	Highest	$211,274	$42,876	$254,150
BYRON MILLER	VP, TECHNOLOGY	45.00	Highest	$206,014	$32,710	$238,724
RAYMOND MCCASLIN	VP, COMMERCIAL BANKING	45.00	Highest	$172,829	$31,265	$204,094
UNJI FROMMOETHELYDO	SR NETWORK ENGINEER	40.00	Highest	$130,179	$15,570	$145,749

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	$57,186,497	$47,771,769	$1,019,297,447	$9,414,728
2022	$40,105,453	$30,736,008	$964,187,226	$9,369,445
2021	$33,497,583	$25,343,848	$895,204,166	$8,153,735
2020	$34,327,835	$28,803,577	$769,456,143	$5,524,258
2019	$33,020,774	$30,426,409	$593,162,543	$2,594,365
2018	$30,019,835	$29,159,915	$590,851,203	$859,920

VALLEY FIRST CREDIT UNION