CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OHIO'S FIRST CLASS CREDIT UNION, founded in 1932, is a small nonprofit that reported $568K in total revenue in fiscal year 2022. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 123% operating deficit.
IT IS THE MISSION OF OHIO'S FIRST CLASS CREDIT UNION TO EXCEED EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS THAT WILL PROMOTE MEMBERS' FINANCIAL SUCCESS, WHILE OPERATING IN A FINANCIALLY SOUND, ETHICAL MANNER.
DIVIDENDS AND INTEREST PAID TO MEMBERS ON 17,655 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 9,540 MEMBERS.
DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICE.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $567,620 | $3,337,058 | -0.8% |
| Expenses | $1,267,613 | $3,703,577 | -0.7% |
| Net Income | $-699,993 | $-366,519 | +0.9% |
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 |
|---|---|---|---|---|---|---|
| MARY CAMPBELL-STACK | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| KERMIT CRUMP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM C FIGNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHY KLIMKO | VICE PRESIDE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT MURPHY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL RUPP | PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| FELISA WASHINGTON | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $567,620 | $1,267,613 | No data | $-699,993 |
| 2022 | $3,337,058 | $3,703,577 | $56,539,673 | $-366,519 |
| 2021 | $3,210,827 | $3,199,145 | $55,223,799 | $11,682 |
| 2020 | $3,435,785 | $3,390,041 | $52,878,182 | $45,744 |
| 2019 | $3,904,087 | $3,813,218 | $45,211,219 | $90,869 |
| 2018 | $3,768,337 | $3,659,506 | $45,276,998 | $108,831 |
Compare OHIO'S FIRST CLASS CREDIT UNION with other nonprofits in Ohio and across the country.