HOMELAND CREDIT UNION INC

EIN: 310395830

CHILLICOTHE, OH

Total Revenue
$22,775,206
Total Expenses
$21,218,757
Total Assets
$571,932,886
Net Assets
$52,211,474
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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
1932
Legal Domicile
OH
Principal Officer
SHAYNE POE
Phone
7407728911
Tax Period
2023-01-01 to 2023-12-31

HOMELAND CREDIT UNION INC, founded in 1932, is a mid-sized nonprofit that reported $22.8M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $21.2M left a modest 7% surplus.

Mission

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,914,921
Investment Income $9,860,285
Other Revenue $0
TOTAL REVENUE $22,775,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,970,309
Fundraising Expenses $0
Other Expenses $15,248,448
TOTAL EXPENSES $21,218,757

Year-over-Year Comparison

2023 2022 Change
Revenue $22,775,206 $16,065,435 +0.4%
Expenses $21,218,757 $13,376,904 +0.6%
Net Income $1,556,449 $2,688,531 -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
9
Employees
106
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
7
$755,681
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS MILLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
BETH FOWLER TREASURER 1.00
Officer Director
$0 $0 $0
DONALD THOMPSON SECRETARY 1.00
Officer Director
$0 $0 $0
PHILIP BUTCHERS 1ST VICE CHAIRMAN 1.00
Director
$0 $0 $0
FREDERICK FAIRROW II 2ND VICE CHAIRMAN 1.00
Director
$0 $0 $0
DANA WIDMAYER BOARD MEMBER 1.00
Director
$0 $0 $0
MATHEW COSENZA BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN NATOLI BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT CHEMAS BOARD MEMBER 1.00
Director
$0 $0 $0
SHAYNE POE CEO 40.00
Officer
$279,642 $0 $279,642
HEATHER R IRWIN VP MEMBER SERVICES 40.00
Officer
$168,291 $0 $168,291
TODD J MCDONALD CFO 40.00
Officer
$187,055 $0 $187,055
JAMES H MATTHEWS JR VP IT 40.00
Officer
$120,693 $0 $120,693
SONDRA BUTLER HR DIRECTOR 40.00
Highest
$131,524 $0 $131,524
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 $22,775,206 $21,218,757 $571,932,886 $1,556,449
2022 $16,065,435 $13,376,904 $513,400,298 $2,688,531
2021 $15,031,134 $12,265,440 $544,770,601 $2,765,694
2020 $15,784,309 $13,586,261 $516,467,002 $2,198,048
2019 $18,261,470 $13,715,390 $453,145,154 $4,546,080
2018 $15,574,565 $11,807,653 $411,760,399 $3,766,912
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