945 540 IBEW CREDIT UNION

EIN: 237011277

MASSILLON, OH

Total Revenue
$56,341
Total Expenses
$49,765
Total Assets
$1,350,328
Net Assets
$161,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
OH
Principal Officer
LESTER STARK
Phone
3308338337
Tax Period
2024-01-01 to 2024-12-31

945 540 IBEW CREDIT UNION, founded in 1960, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024. Expenses of $50K left a modest 12% surplus.

Mission

TO PROVIDE SAVINGS, LENDING, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO QUALIFIED MEMBERS OF APPROXIMATELY 424 ACCOUNTS DURING THE CALENDAR YEAR OF 2024.

Program 2

DIRECT EMPLOYEE COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO.

Program 3

DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA TELEPHONE OR IN PERSON AT THE CREDIT UNION OFFICE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,810
Program Service Revenue $46,051
Investment Income $5,480
Other Revenue $0
TOTAL REVENUE $56,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,563
Fundraising Expenses $0
Program Expenses $0
Other Expenses $19,527
TOTAL EXPENSES $49,765

Year-over-Year Comparison

2024 2023 Change
Revenue $56,341 $57,615 0.0%
Expenses $49,765 $46,624 +0.1%
Net Income $6,576 $10,991 -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

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Governance

Voting Members
9
Independent Members
6
Employees
1
Volunteers
15

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
5
$26,309
Total Directors
15
$0
Key Employees
1
$26,309
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY A LOWE ADMINISTRATIVE MANAGER 25
Officer Key Emp
$26,309 $0 $26,309
LESTER D STARK PRESIDENT 15
Officer Director
$0 $0 $0
DENNIS M BLOCHER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DAVID E BUSH JR TREASURER 3
Officer Director
$0 $0 $0
ROBERT K EDWARDS SECRETARY 1
Officer Director
$0 $0 $0
BRAD E KLOTZ DIRECTOR 0.50
Director
$0 $0 $0
LOGAN HAMMER DIRECTOR 0.50
Director
$0 $0 $0
NEIL A KUHN DIRECTOR 0.50
Director
$0 $0 $0
CURT F MOORE DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM J STANLEY DIRECTOR 0.50
Director
$0 $0 $0
KENNETH L GNAU AUDIT COMMITTEE CHAIRMAN 2.00
Director
$0 $0 $0
LONNIE MITCHELL AUDIT COMMITTEE 2.00
Director
$0 $0 $0
TOMAS A CALEZ AUDIT COMMITTEE 2.00
Director
$0 $0 $0
ROBERT J MEMMER CREDIT COMMITTEE CHAIRMAN 2.00
Director
$0 $0 $0
JAMES R WILLIAMS CREDIT COMMITTEE 2.00
Director
$0 $0 $0
COREY L MOORE CREDIT COMMITTEE 2.00
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 $56,341 $49,765 $1,350,328 $6,576
2023 $57,615 $46,624 $1,340,637 $10,991
2022 $47,949 $43,913 $1,316,622 $4,036
2021 $39,930 $40,810 $1,178,175 $-880
2020 $42,022 $62,330 $1,129,634 $-20,308
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