Fairlawn, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)138 TOWPATH CREDIT UNION INC, founded in 1936, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $10.6M left a modest 9% surplus.
Towpath Credit Union is a member-owned, not-for-profit financial cooperative association. The Credit Union serves Summit County as well as approved seg-group companies. It is dedicated to providing its members with quality financial services.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,618,297 | $8,942,681 | +0.3% |
| Expenses | $10,590,911 | $8,426,996 | +0.3% |
| Net Income | $1,027,386 | $515,685 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Sferro | President/CEO | 40 |
Officer
Key Emp
Highest
|
$152,609 | $0 | $152,609 |
| Kathryn Lee | EVP/CHRO | 40 |
Officer
|
$104,366 | $0 | $104,366 |
| Melissa Dawson | EVP/CFO | 40 |
Officer
|
$103,571 | $0 | $103,571 |
| Jeremy Wascak | SVP/CSO | 40 |
Officer
|
$101,357 | $0 | $101,357 |
| Lester Carney | Chairman | 1 |
Director
|
$0 | $0 | $0 |
| Ernest Steele | Vice Chairman | 1 |
Director
|
$0 | $0 | $0 |
| Marcella Grande | Treasurer | 1 |
Director
|
$0 | $0 | $0 |
| Judi Hill | Secretary | 1 |
Director
|
$0 | $0 | $0 |
| John Crockett | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| James Talley | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kelly Peters | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $11,618,297 | $10,590,911 | $198,013,463 | $1,027,386 |
| 2022 | $8,942,681 | $8,426,996 | $191,683,820 | $515,685 |
| 2021 | $7,800,113 | $7,248,682 | $178,726,504 | $551,431 |
| 2020 | $7,391,287 | $7,041,391 | $155,193,622 | $349,896 |
| 2019 | $8,203,326 | $7,255,182 | $131,344,949 | $948,144 |
| 2018 | $8,170,867 | $6,976,229 | $127,845,477 | $1,194,638 |
Compare 138 TOWPATH CREDIT UNION INC with other nonprofits in Ohio and across the country.