ALTURA CREDIT UNION FKA RIVERSIDE COUNTY'S CREDIT UNION (EIN 952023588) - 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

1957

Legal Domicile

Principal Officer

JENNIFER BINKLEY

Phone

9515715395

Tax Period

2023-01-01 to 2023-12-31

ALTURA CREDIT UNION FKA RIVERSIDE COUNTY'S CREDIT UNION, founded in 1957, is a major nonprofit that reported $142.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $128.0M left a modest 10% surplus.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $123,486,619

Investment Income $18,473,253

Other Revenue $883,051

TOTAL REVENUE $142,842,923

Expense Breakdown

Grants Paid $192,406

Salaries & Benefits $45,214,173

Fundraising Expenses $0

Other Expenses $82,578,001

TOTAL EXPENSES $127,984,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,842,923	$117,960,253	+0.2%
Expenses	$127,984,580	$99,295,318	+0.3%
Net Income	$14,858,343	$18,664,935	-0.2%

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

513

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

$1,529,458

Total Directors

$1,885

Key Employees

$2,503,263

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY RIVERA	CHAIRMAN	2.00	Director	$1,147	$0	$1,147
JOSEPH CALDERON	VICE CHAIRMAN	2.00	Director	$738	$0	$738
GLORIA PEREZ	SECRETARY	2.00	Director	$0	$0	$0
EUGENE KIM	TREASURER	2.00	Director	$0	$0	$0
PERRY REED	IMMEDIATE PAST CHAIRMAN	2.00	Director	$0	$0	$0
BARBARA PURVIS	DIRECTOR	2.00	Director	$0	$0	$0
NORMAN PERRY	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE HALL	DIRECTOR	2.00	Director	$0	$0	$0
MARK BALYS	DIRECTOR	2.00	Director	$0	$0	$0
KEITH D DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
NINFA DELGADO	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BINKLEY	CEO	40.00	Officer	$955,137	$40,924	$996,061
KEVIN SHERRELL	EVP/CSO	40.00	Officer	$513,597	$19,800	$533,397
KATHLEEN THAYER	SVP/CFO	40.00	Key Emp	$430,866	$33,348	$464,214
CHIN H PYUN	SVP/CLO	40.00	Key Emp	$345,521	$25,212	$370,733
CHRIS ANDRUS	SVP/CMO	40.00	Key Emp	$343,640	$47,456	$391,096
ROBERT WHITTON FORMER	SVP/CXO	40.00	Key Emp	$332,401	$21,540	$353,941
SCOTT MURRAY	SVP/CIO	40.00	Key Emp	$331,056	$21,735	$352,791
NATALIE BROWN	SVP/LENDING	40.00	Key Emp	$257,857	$34,049	$291,906
JULIE BJORNSTAD	SVP/HR	40.00	Key Emp	$240,785	$37,797	$278,582
GREG REXROAD	MORTGAGE LOAN OFFICER	40.00	Highest	$358,955	$42,545	$401,500
GREG CHANTLER	VP, CORPORATE REAL ESTATE	40.00	Highest	$228,848	$41,594	$270,442
LUIS BARRIOS	COMMERCIAL BUS DEVELOPMENT OFFICER	40.00	Highest	$227,568	$32,821	$260,389
SOHEILA NICKMANESH	MORTGAGE LOAN OFFICER	40.00	Highest	$215,388	$20,657	$236,045
TURHAN HUNT	VP, MEMBER SERVICES	40.00	Highest	$213,335	$33,443	$246,778

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	$142,842,923	$127,984,580	$2,590,432,254	$14,858,343
2022	$117,960,253	$99,295,318	$2,461,240,542	$18,664,935
2021	$106,884,732	$85,335,532	$2,322,631,067	$21,549,200
2020	$98,303,057	$84,375,057	$1,961,697,946	$13,928,000
2019	$94,951,548	$75,602,789	$1,515,289,444	$19,348,759
2018	$83,196,671	$68,734,005	$1,415,150,496	$14,462,666

ALTURA CREDIT UNION FKA RIVERSIDE COUNTY'S CREDIT UNION