OHIO CREDIT UNION FOUNDATION

EIN: 311582415 501(c)(3) Philanthropy & Grantmaking

COLUMBUS, OH

Total Revenue
$398,325
Total Expenses
$361,938
Total Assets
$1,957,683
Net Assets
$1,559,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
Principal Officer
KIM CONNOR
Phone
8004862917
Tax Period
2023-01-01 to 2023-12-31

OHIO CREDIT UNION FOUNDATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $398K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $362K left a modest 9% surplus.

Mission

THE OHIO CREDIT UNION FOUNDATIONIS ACTIVE IN AND DEDICATED TO 1) PROMOTING FINANCIAL EDUCATION TO BENEFIT CREDIT UNION MEMBERS, OHIO STUDENTS, AND THE PUBLIC AT LARGE,2) HELPING CREDIT UNIONS IMPLEMENT PROGRAMS WITHIN THEIR COMMUNITIESTHAT FULFILL THEIR SOCIAL RESPONSIBILITY TO MAKE FINANCIAL SERVICESAFFORDABLE AND ACCESSIBLE TO ALL MEMBERS, INCLUDING THOSE OF MODESTMEANS OR TO AREAS IN FINANCIAL DISTRESS, 3) PROVIDING PROFESSIONALDEVELOPMENT GRANTS TO ASSIST CREDIT UNION EMPLOYEES AND VOLUNTEERLEADERS WITH TRAINING TO ACHIEVE PROFESSIONAL EXCELLENCE, 4) OFFERINGFINANCIAL RELIEF TO CREDIT UNIONS, THEIR EMPLOYEES, MEMBERS, AND THEIRCOMMUNITIES IN THE WAKE OF DISASTERS SUCH AS FLOODS, EARTHQUAKES,TORNADOS, OR FIRES, AND 5) EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIALWELL-BEING BASED ON THE VALUES OF SELF-HELP, SELF-RESPONSIBILITY,DEMOCRACY, EQUALITY, AND EQUITY.

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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 $264,134
Program Service Revenue $0
Investment Income $56,578
Other Revenue $77,613
TOTAL REVENUE $398,325

Expense Breakdown

Grants Paid $276,889
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $361,938
Other Expenses $85,049
TOTAL EXPENSES $361,938

Year-over-Year Comparison

2023 2022 Change
Revenue $398,325 $333,827 +0.2%
Expenses $361,938 $275,048 +0.3%
Net Income $36,387 $58,779 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
5
$807,300
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNIE FYE CHAIR 0.00
Officer Director
$0 $0 $0
JOSH REAMS VICE CHAIR 0.50
Officer Director
$0 $0 $0
TAMMY CANTRELL SEC/TREASURER 0.50
Officer Director
$0 $0 $0
JACKIE MOORE DIRECTOR 0.50
Director
$0 $0 $0
MIRANDA MCCONOUGHEY DIRECTOR 0.50
Director
$0 $0 $0
DEAN PIELEMEIER DIRECTOR 0.50
Director
$0 $0 $0
LIONEL HARRIS DIRECTOR 0.50
Director
$0 $0 $0
PAUL MERCER PRESIDENT 0.50
Officer
$0 $79,571 $629,365
KIMBERLY CONNER DIR. MEMBER EXPERIENCE 0.50
Officer
$0 $66,172 $177,935
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 $398,325 $361,938 $1,957,683 $36,387
2022 $333,827 $275,048 $1,792,070 $58,779
2021 $264,696 $176,444 $1,603,461 $88,252
2020 $290,547 $291,386 $1,472,485 $-839
2019 $331,702 $153,678 $1,477,122 $178,024
2018 $288,175 $215,838 $1,284,555 $72,337
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