AKRON FIRE POLICE CREDIT UNION INC (EIN 340057810) - 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

1936

Legal Domicile

Principal Officer

DOUG CINCURAK

Phone

3307981994

Tax Period

2022-01-01 to 2022-12-31

AKRON FIRE POLICE CREDIT UNION INC, founded in 1936, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 10% surplus.

Mission

TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,142,026

Investment Income $169,565

Other Revenue $0

TOTAL REVENUE $1,311,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $459,505

Fundraising Expenses $0

Other Expenses $722,690

TOTAL EXPENSES $1,185,006

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,311,591	$1,111,360	+0.2%
Expenses	$1,185,006	$1,142,596	+0.0%
Net Income	$126,585	$-31,236	-5.1%

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

Volunteers

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

$36,923

Total Directors

$36,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG CINCURAK	CEO	40.00	Officer Director	$36,923	$0	$36,923
PAUL AMONETT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FEEMAN	DIRECTOR	1.00	Director	$0	$0	$0
GERRY FORNEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GLEGHORN	PRESIDENT	1.00	Officer Director	$0	$0	$0
FORREST KAPPLER	DIRECTOR	1.00	Director	$0	$0	$0
KAITLIN KELL	SECRETARY	1.00	Officer Director	$0	$0	$0
AGOSTINO MICOZZI	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNIE PLAYER	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT SMITH	VICE PRESIDE	1.00	Officer 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
2022	$1,311,591	$1,185,006	$36,367,547	$126,585
2021	$1,111,360	$1,142,596	$36,528,676	$-31,236
2021	$1,111,360	$1,142,596	$36,528,676	$-31,236
2020	$1,131,094	$1,166,432	$31,761,117	$-35,338
2019	$1,255,523	$1,346,823	$28,852,588	$-91,300
2018	$1,177,028	$1,175,794	$28,186,966	$1,234

AKRON FIRE POLICE CREDIT UNION INC