1129 FALLS CATHOLIC CREDIT UNION

EIN: 340835673

CUYAHOGA FALLS, OH

Total Revenue
$2,974,977
Total Expenses
$2,273,497
Total Assets
$53,212,711
Net Assets
$8,762,042
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
OH
Principal Officer
MATTHEW MECURIO
Phone
3309297341
Tax Period
2023-01-01 to 2023-12-31

1129 FALLS CATHOLIC CREDIT UNION, founded in 1957, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $701K, a strong 24% operating margin.

Mission

POOL MEMBER FINANCIAL RESOURCES IN ORDER TO PROVIDE FUNDS FOR LOANS AND VARIOUS FINANCIAL SERVICES WHICH ARE AVAILABLE TO ANYONE WITHIN THE MEMBERSHIP BASE. FALLS CATHOLIC CREDIT UNION IS DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR THE MEMBERSHIP BY PROVIDING A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING CUSTOMER SATISFACTION, GROWTH AND STABILITY.

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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 $2,170,162
Investment Income $804,815
Other Revenue $0
TOTAL REVENUE $2,974,977

Expense Breakdown

Grants Paid $0
Salaries & Benefits $787,737
Fundraising Expenses $0
Other Expenses $1,118,228
TOTAL EXPENSES $2,273,497

Year-over-Year Comparison

2023 2022 Change
Revenue $2,974,977 $2,065,973 +0.4%
Expenses $2,273,497 $1,631,174 +0.4%
Net Income $701,480 $434,799 +0.6%
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
7
Independent Members
7
Employees
10
Volunteers
7

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
6
$273,262
Total Directors
7
$3,625
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRENCE STEEL SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL BURNS CHAIRMAN 1.00
Officer Director
$775 $0 $775
NICHOLAS HILL BOARD MEMBER 1.00
Officer Director
$925 $0 $925
ABRAHAM BRANNAN BOARD MEMBER 1.00
Director
$600 $0 $600
SUE FIGLER BOARD MEMBER 1.00
Director
$650 $0 $650
SEAN WILSON VICE CHAIRMAN 1.00
Director
$675 $0 $675
OLIVIA BLATT BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI STOTT VICE PRESIDENT 40.00
Officer
$73,123 $0 $73,123
BILL LAMBACHER COMPTROLLER 40.00
Officer
$72,179 $0 $72,179
MATTHEW MECURIO PRESIDENT/CEO 40.00
Officer
$126,260 $0 $126,260
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 $2,974,977 $2,273,497 $53,212,711 $701,480
2022 $2,065,973 $1,631,174 $54,602,519 $434,799
2021 $1,674,113 $1,404,090 $54,348,002 $270,023
2020 $1,906,479 $1,686,520 $49,602,486 $219,959
2019 $2,122,968 $1,640,873 $43,410,986 $482,095
2018 $2,020,127 $1,746,087 $43,696,747 $274,040
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