OHIO'S FIRST CLASS CREDIT UNION (EIN 340151750) - 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

1932

Legal Domicile

Principal Officer

JEFFREY SPADA

Phone

2162411088

Tax Period

2023-01-01 to 2023-02-28

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.

Mission

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.

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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 $497,057

Investment Income $70,563

Other Revenue $0

TOTAL REVENUE $567,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,180

Fundraising Expenses $0

Other Expenses $1,076,670

TOTAL EXPENSES $1,267,613

Year-over-Year Comparison

	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%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

OHIO'S FIRST CLASS CREDIT UNION