OUCU FINANCIAL CREDIT UNION FKA OHIO UNIVERSITY CREDIT UNION (EIN 316040060) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

CORY A CORRIGAN

Phone

7405972800

Tax Period

2023-01-01 to 2023-12-31

OUCU FINANCIAL CREDIT UNION FKA OHIO UNIVERSITY CREDIT UNION, founded in 1955, is a mid-sized nonprofit that reported $28.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $25.0M left a modest 13% surplus.

Mission

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,403,533

Investment Income $3,380,483

Other Revenue $0

TOTAL REVENUE $28,784,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,709,186

Fundraising Expenses $0

Program Expenses $24,978,792

Other Expenses $14,269,606

TOTAL EXPENSES $24,978,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,784,016	$22,921,961	+0.3%
Expenses	$24,978,792	$20,793,549	+0.2%
Net Income	$3,805,224	$2,128,412	+0.8%

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

Governance

Voting Members

Independent Members

Employees

132

Volunteers

N/A

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

$2,357,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER L'HEUREUX	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA REEVES	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK CULP	DIRECTOR	1.00	Director	$0	$0	$0
KAREN DEARDORGG	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COURTNEY	TREASURER	1.00	Officer Director	$0	$0	$0
WARREN JEFFERS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LUCE	VICE CHAIR	1.00	Director	$0	$0	$0
WILLIAM T PERRY	DIRECTOR	1.00	Director	$0	$0	$0
CORY CORRIGAN	CEO	40.00	Officer	$540,290	$39,914	$580,204
DANITA SHARP	COO	40.00	Officer	$244,865	$22,500	$267,365
BRIAN SMITH-VANDERGRIFF	CFO	40.00	Officer	$456,779	$28,147	$484,926
JEAN BLAIR	VP OF TECHNOLOGY	40.00	Officer	$222,505	$26,995	$249,500
AARON BOWERSOCK	SYSTEM ADMINISTRATOR DATA MGMT ANALYST	40.00	Officer	$101,937	$16,251	$118,188
AUDREY DICKEN	VP OF MARKETING	40.00	Officer	$200,459	$24,406	$224,865
SAMANTHA HIBBARD	AVP BRANCH OPERATIONS	40.00	Officer	$101,011	$9,888	$110,899
TIFFANY SIMS	COMMERCIAL LENDER	40.00	Officer	$110,888	$6,673	$117,561
DEBRA WAYLAND	VP OF ORGANIZATION DEVELOPMENT & HUMAN RESOURCES	40.00	Officer	$187,237	$16,509	$203,746
ROMNEY GARNER	SENIOR FINANCIAL ADVISOR	40.00	Highest	$499,736	$24,797	$524,533
LAURA HUMPHREYS	MORTGAGE & LOAN SERVICING MANAGER	40.00	Highest	$123,213	$7,619	$130,832
TRACEY JAMES	VP OF RISK MANAGEMENT	40.00	Highest	$177,246	$25,962	$203,208
MICHELE MARRA	MANAGER BUSINESS ACCOUNTING & TAX SERVICES	40.00	Highest	$112,202	$8,494	$120,696
LAURA PRATT	MARKETING MANAGER	40.00	Highest	$134,001	$22,351	$156,352
DONNA RUSSELL	BUSINESS SERVICES MANAGER	40.00	Highest	$122,588	$20,094	$142,682
PHILIP MEYER	FORMER CEO	1.00		$211,097	$0	$211,097

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	$28,784,016	$24,978,792	$510,244,026	$3,805,224
2022	$22,921,961	$20,793,549	$467,392,583	$2,128,412
2021	$21,539,633	$15,816,924	$474,537,170	$5,722,709
2020	$20,671,249	$19,575,748	$434,109,443	$1,095,501
2019	$21,065,352	$17,834,618	$368,730,182	$3,230,734
2018	$20,206,804	$16,951,402	$356,794,973	$3,255,402

OUCU FINANCIAL CREDIT UNION FKA OHIO UNIVERSITY CREDIT UNION