OHIO TEAMSTERS CREDIT UNION INC

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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

1940

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

OHIO TEAMSTERS CREDIT UNION INC, founded in 1940, is a small nonprofit that reported $898K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $150K, a strong 17% operating margin.

Mission

TO PROVIDE LENDING, SAVINGS & OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE & WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS

Program Service Accomplishments

Program 1

Expenses: $321,486

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

Program 2

Expenses: $77,889

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.

Program 3

Expenses: $39,072

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 3600 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 2800 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $698,336

Investment Income $199,563

Other Revenue $0

TOTAL REVENUE $897,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,486

Fundraising Expenses $0

Program Expenses $438,447

Other Expenses $387,749

TOTAL EXPENSES $748,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$897,899	$770,808	+0.2%
Expenses	$748,307	$711,389	+0.1%
Net Income	$149,592	$59,419	+1.5%

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

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E BRUCE OSBORNE JR	DIRECTOR	5.00	Director	$6,000	$0	$6,000
MICHAEL ZEMLA	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KASHI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LABUDA	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SARA	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD N THOMAS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$897,899	$748,307	$15,759,265	$149,592
2022	$770,808	$711,389	$16,609,084	$59,419
2021	$731,469	$648,320	$16,891,603	$83,149
2020	$710,568	$660,026	$16,062,902	$50,542
2019	$757,053	$662,778	$13,567,567	$94,275
2018	$756,060	$636,852	$13,114,762	$119,208