COMMUNITY ONE CREDIT UNION OF OHIO INC

EIN: 340130830

NORTH CANTON, OH

Total Revenue
$7,084,059
Total Expenses
$5,648,841
Total Assets
$119,973,117
Net Assets
$10,864,187
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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
OH
Principal Officer
PAULA HEITGER
Phone
3303053050
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY ONE CREDIT UNION OF OHIO INC, founded in 1936, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 20% operating margin.

Mission

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS 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 $5,426,905
Investment Income $1,657,154
Other Revenue $0
TOTAL REVENUE $7,084,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,037,483
Fundraising Expenses $0
Other Expenses $3,611,358
TOTAL EXPENSES $5,648,841

Year-over-Year Comparison

2023 2022 Change
Revenue $7,084,059 $5,378,571 +0.3%
Expenses $5,648,841 $4,356,496 +0.3%
Net Income $1,435,218 $1,022,075 +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

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
9
Independent Members
9
Employees
40
Volunteers
9

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
7
$517,702
Total Directors
9
$594
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN OYSTER CHAIRMAN 0.50
Officer Director
$0 $66 $66
DAVID BOOTH SECRETARY 0.50
Officer Director
$0 $66 $66
ROBERT THOMAS VICE-CHAIRMAN 0.50
Officer Director
$0 $66 $66
JAMES MCLAUGHLIN TREASURER 0.50
Officer Director
$0 $66 $66
LAFLOVIA GINANNI DIRECTOR 0.50
Director
$0 $66 $66
CLARE SCHOONOVER DIRECTOR 0.50
Director
$0 $66 $66
TIMOTHY MUCKLEY DIRECTOR 0.50
Director
$0 $66 $66
WAYNE PROUDFOOT DIRECTOR 0.50
Director
$0 $66 $66
DINESE CRAMER DIRECTOR 0.50
Director
$0 $66 $66
PAULA HEITGER PRESIDENT/CEO 40.00
Officer
$264,030 $0 $264,030
MELISSA HARNESS CLO 40.00
Officer
$119,981 $0 $119,981
MICHELLE BYERS VP OF MEMBER SERVICES 40.00
Officer
$133,427 $0 $133,427
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 $7,084,059 $5,648,841 $119,973,117 $1,435,218
2022 $5,378,571 $4,356,496 $118,655,051 $1,022,075
2021 $4,823,381 $3,936,043 $115,032,353 $887,338
2020 $4,983,550 $4,246,574 $102,801,599 $736,976
2019 $5,334,812 $4,491,056 $87,195,936 $843,756
2018 $4,964,832 $4,435,868 $82,835,752 $528,964
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