1246 GENESIS EMPLOYEES CREDIT UNION

EIN: 310842279

Zanesville, OH

Total Revenue
$1,170,900
Total Expenses
$786,136
Total Assets
$19,228,127
Net Assets
$2,477,859
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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
1972
Legal Domicile
OH
Principal Officer
Michael King
Phone
7404544603
Tax Period
2023-01-01 to 2023-12-31

1246 GENESIS EMPLOYEES CREDIT UNION, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 33% operating margin.

Mission

Genesis Employees Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.

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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 $912,244
Investment Income $258,656
Other Revenue $0
TOTAL REVENUE $1,170,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $347,057
Fundraising Expenses $0
Program Expenses $678,629
Other Expenses $439,079
TOTAL EXPENSES $786,136

Year-over-Year Comparison

2023 2022 Change
Revenue $1,170,900 $773,074 +0.5%
Expenses $786,136 $634,524 +0.2%
Net Income $384,764 $138,550 +1.8%
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

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
13

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
0
$0
Total Directors
13
$0
Key Employees
1
$113,323
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael King Chief Executive Officer 40
Key Emp Highest
$83,923 $29,400 $113,323
Shane Jenkins President of Board 1
Director
$0 $0 $0
Laura Kelso Vice President of Board 1
Director
$0 $0 $0
Judy Pyle Treasurer of Board 1
Director
$0 $0 $0
Janet Lynn Secretary of Board 1
Director
$0 $0 $0
Kathy Brock Director 1
Director
$0 $0 $0
Nancy Ring Director 1
Director
$0 $0 $0
Linda Mitchell Director 1
Director
$0 $0 $0
Eric King Director 1
Director
$0 $0 $0
Nicholas Rine Director 1
Director
$0 $0 $0
Jennifer Larimer Director 1
Director
$0 $0 $0
Patrick Simpson Director 1
Director
$0 $0 $0
Marion Lazar Director 1
Director
$0 $0 $0
William Shirer Director 1
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
2024 No data No data No data No data
2023 $1,170,900 $786,136 $19,228,127 $384,764
2022 $773,074 $634,524 $19,819,151 $138,550
2021 $672,428 $580,464 $18,977,155 $91,964
2020 $755,691 $618,509 $16,450,115 $137,182
2019 $836,605 $670,796 $13,837,922 $165,809
2018 $734,635 $684,588 $14,012,345 $50,047
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