CLEVELAND HTS TEACHERS CREDIT UNION

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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

Tax Period

2021-01-01 to 2021-12-31

CLEVELAND HTS TEACHERS CREDIT UNION, founded in 1936, is a small nonprofit that reported $184K in total revenue in fiscal year 2021. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 13% operating deficit.

Mission

CREDIT UNION PROVIDES 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

Program Service Accomplishments

Program 1

Expenses: $97,695

DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORFOLIO FOR MEMBERS

Program 2

Expenses: $95,176

OTHER PROGRAM SERVICES

Program 3

Expenses: $14,328

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 1250 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 1100 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $173,893

Investment Income $9,989

Other Revenue $0

TOTAL REVENUE $183,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,176

Fundraising Expenses $0

Program Expenses $207,199

Other Expenses $97,695

TOTAL EXPENSES $207,199

Year-over-Year Comparison

	2021	2020	Change
Revenue	$183,882	$268,825	-0.3%
Expenses	$207,199	$206,406	+0.0%
Net Income	$-23,317	$62,419	-1.4%

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

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

$83,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA LAVIN	CEO	40.00	Officer	$83,856	$0	$83,856
JENNIFER THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA TOWNSEND	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN PARDEE	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPHINE SHELTON TOWNES	DIRECTOR	3.00	Director	$0	$0	$0
M ANDREW BENNEKAMPER IX	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE BUKOVAC	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN AMMON	DIRECTOR	2.00	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
2021	$183,882	$207,199	No data	$-23,317
2020	$268,825	$206,406	$7,393,827	$62,419
2019	$324,920	$282,520	$7,126,889	$42,400
2018	$315,693	$458,361	$7,202,997	$-142,668