0987 S C F E CREDIT UNION INC

EIN: 311571512

Portsmouth, OH

Total Revenue
$77,812
Total Expenses
$71,182
Total Assets
$1,349,656
Net Assets
$1,349,656
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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
1961
Legal Domicile
OH
Principal Officer
Robert G Ridenour
Phone
7403531628
Tax Period
2023-01-01 to 2023-12-31

0987 S C F E CREDIT UNION INC, founded in 1961, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Expenses of $71K left a modest 9% surplus.

Mission

Provide savings and loans to our 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 $77,812
Investment Income $0
Other Revenue $0
TOTAL REVENUE $77,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,101
Fundraising Expenses $0
Program Expenses $71,182
Other Expenses $42,081
TOTAL EXPENSES $71,182

Year-over-Year Comparison

2023 2022 Change
Revenue $77,812 $74,206 +0.0%
Expenses $71,182 $56,143 +0.3%
Net Income $6,630 $18,063 -0.6%
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
7
Independent Members
4
Employees
3
Volunteers
7

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
2
$0
Total Directors
6
$26,610
Key Employees
2
$24,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert G Ridenour Treasurer 25
Director Key Emp Highest
$14,400 $0 $14,400
Rose Pelfrey Secretary 20
Director Key Emp
$9,600 $0 $9,600
Sheri Bailey Director and office ass't 8
Director
$2,610 $0 $2,610
Debora Queen Director 3
Director
$0 $0 $0
Jeffery Lawhorn Director 3
Director
$0 $0 $0
William Ridenour Vice President 4.3
Officer Director
$0 $0 $0
Danette Lawhorn President 5
Officer
$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
2023 $77,812 $71,182 $1,349,656 $6,630
2022 $74,206 $56,143 $1,407,141 $18,063
2021 $69,709 $58,118 $1,357,359 $11,591
2020 $62,259 $80,495 $1,228,997 $-18,236
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