GEAUGA CREDIT UNION

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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

1956

Legal Domicile

Principal Officer

LISA K BRIGGS

Phone

4408344327

Tax Period

2023-01-01 to 2023-12-31

GEAUGA CREDIT UNION, founded in 1956, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 46% operating margin.

Mission

THE CREDIT UNION PROVIDES FINANCIAL SERVICES FOR QUALIFIED MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $512,113

PAID FOR COMPENSATION, EMPLOYEE BENEFITS AND RELATED PAYROLL TAXES. EMPLOYEES PROVIDE A WIDE RANGE OF SERVICES FOR OUR MEMBERS INCLUDING, BUT NOT LIMITED TO, EDUCATING MEMBERS ON AVAILABLE...

PAID FOR COMPENSATION, EMPLOYEE BENEFITS AND RELATED PAYROLL TAXES. EMPLOYEES PROVIDE A WIDE RANGE OF SERVICES FOR OUR MEMBERS INCLUDING, BUT NOT LIMITED TO, EDUCATING MEMBERS ON AVAILABLE SERVICES/PRODUCTS, OPENING AND SERVICING DEPOSIT AND LOAN PRODUCTS, ASSIST MEMBERS WHEN ISSUES ARISE CONCERNINGTHEIR ACCOUNTS. GCU STRIVES TO PROVIDE PERSONAL MEMBER SERVICES.

Program 2

Expenses: $4,975

COSTS ASSOCIATED WITH PROVIDING AN OFFICE FOR STAFF AND MEMBERS. INCLUDES EQUIPMENT, SERVICES AND SUPPLIES REQUIRED FOR EMPLOYEES TO PERFORM THEIR DUTIES. GCU PROVIDES MONTHLY AND SEMI-ANNUAL PAPER STATEMENTS TO OUR MEMBERS.THE COST OF SUCH CONTINUES TO BE A GROWING EXPENSE. WE DO NOT CHARGE OUR MEMBERSFOR PAPER STATEMENTS. ADDITIONAL COSTS INCURRED ARE TO MAINTAIN THE BUILDING ALONG WITH UTILITIES, REAL ESTATE TAXES AND BUILDING INSURANCE EXPENSE.

Program 3

Expenses: $1,452,090

COSTS ASSOCIATED WITH PROVIDING FINANCIAL SERVICES/PRODUCTS TO OUR MEMBERS. INCLUDES HELOC COSTS; MEMBERS DO NOT PAY ANY CLOSING COSTS OR FEES; PROVIDING AN ATM, DEBIT AND VISA CARD PROGRAM, OFFERING BILL PAY VIA OUR NLINE BANKING SITE, IRA AND PROVIDING INDIRECT LENDING SERVICES AT SELECT DEALERSHIPS. INCLUDES COSTS ASSOCIATED WITH EVERYDAY BANKING TRANSACTIONS SUCH AS DEPOSITS, CLEARING DRAFTS, HAVING CASH AVAILABLE, ALSO FEES CHARGED TO US TO ACCEPT CREDIT/DEBIT CARD PAYMENTS ON LOANS.

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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 $3,354,012

Investment Income $676,399

Other Revenue $25,135

TOTAL REVENUE $4,055,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $512,113

Fundraising Expenses $0

Program Expenses $1,969,178

Other Expenses $877,848

TOTAL EXPENSES $2,171,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,055,546	$2,388,027	+0.7%
Expenses	$2,171,239	$1,665,798	+0.3%
Net Income	$1,884,307	$722,229	+1.6%

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

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

$81,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BRIGGS	TREASURER	0.35	Officer Director	$0	$0	$0
BARRY OWEN	DIRECTOR	0.35	Officer Director	$0	$0	$0
ROBERT YODER	DIRECTOR	0.35	Director	$0	$0	$0
BARBARA TITUS	DIRECTOR	0.35	Officer Director	$0	$0	$0
AGGIE SOJKA	VICE PRESIDE	0.35	Director	$0	$0	$0
LINDA SWANEY	SECRETARY	0.35	Officer Director	$0	$0	$0
DAVID MILLER	DIRECTOR	0.35	Director	$0	$0	$0
LISA K BRIGGS	CEO	40.00	Officer	$81,137	$0	$81,137
DANIEL BURKHOLDER	PRESIDENT	0.35	Officer Director	$0	$0	$0
GEORGIA KLEMENCIC	DIRECTOR	0.35	Officer 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	No data	No data	No data	No data
2023	$4,055,546	$2,171,239	$68,339,855	$1,884,307
2022	$2,388,027	$1,665,798	$66,325,020	$722,229
2021	$1,975,627	$1,339,527	$64,960,428	$636,100
2020	$2,268,025	$1,654,605	$54,765,122	$613,420
2019	$1,988,381	$1,755,976	$38,964,883	$232,405
2018	$1,691,417	$1,583,761	$37,155,360	$107,656