ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION INC

EIN: 340928469

Youngstown, OH

Total Revenue
$8,740,055
Total Expenses
$7,246,284
Total Assets
$192,376,850
Net Assets
$19,263,136
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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
1959
Legal Domicile
OH
Principal Officer
Michael Kurish
Phone
3307924000
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION INC, founded in 1959, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

Associated School Employees Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,182,936
Investment Income $1,557,119
Other Revenue $0
TOTAL REVENUE $8,740,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,476,768
Fundraising Expenses $0
Program Expenses $6,258,469
Other Expenses $4,769,516
TOTAL EXPENSES $7,246,284

Year-over-Year Comparison

2024 2023 Change
Revenue $8,740,055 $6,758,023 +0.3%
Expenses $7,246,284 $5,970,702 +0.2%
Net Income $1,493,771 $787,321 +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

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Governance

Voting Members
7
Independent Members
7
Employees
45
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
0
$0
Total Directors
7
$0
Key Employees
2
$475,850
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Kurish Chief Executive Officer 40
Key Emp Highest
$259,451 $41,000 $300,451
Robyn Darocha Chief Operating Officer 40
Key Emp
$136,399 $39,000 $175,399
Kathy Holman Chairperson of Board 2
Director
$0 $0 $0
John O'Connor Treasurer of Board 2
Director
$0 $0 $0
Frank Lazzeri Secretary of Board 2
Director
$0 $0 $0
Dr Charles Stevens Director 2
Director
$0 $0 $0
Joseph Rosky Director 2
Director
$0 $0 $0
Alfred Owens Director 2
Director
$0 $0 $0
Timothy Saxton Director 2
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
2025 No data No data No data No data
2024 $8,740,055 $7,246,284 $192,376,850 $1,493,771
2023 $6,758,023 $5,970,702 $183,753,767 $787,321
2022 $5,106,364 $4,608,104 $184,135,945 $498,260
2021 $5,241,906 $4,955,760 $175,293,632 $286,146
2020 $5,583,126 $5,194,025 $156,690,932 $389,101
2019 $5,877,507 $4,991,335 $133,450,483 $886,172
2018 $5,115,942 $4,837,039 $134,214,770 $278,903
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