COMMUNITY UNITED CREDIT UNION INC

EIN: 341151050

STRONGSVILLE, OH

Total Revenue
$428,102
Total Expenses
$417,839
Total Assets
$13,174,560
Net Assets
$1,708,906
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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
1974
Legal Domicile
OH
Principal Officer
Andrew Pace
Phone
4405455105
Tax Period
2022-01-01 to 2022-12-31

COMMUNITY UNITED CREDIT UNION INC, founded in 1974, is a small nonprofit that reported $428K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 48 months of operating reserves.

Mission

CREDIT UNION THAT PROVIDES FINANCIAL SERVICES TO QUALIFIED 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $361,005
Investment Income $67,097
Other Revenue $0
TOTAL REVENUE $428,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,241
Fundraising Expenses $0
Program Expenses $417,839
Other Expenses $276,961
TOTAL EXPENSES $417,839

Year-over-Year Comparison

2022 2021 Change
Revenue $428,102 $359,199 +0.2%
Expenses $417,839 $409,199 +0.0%
Net Income $10,263 $-50,000 -1.2%
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
6
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
1
$73,602
Total Directors
7
$0
Key Employees
1
$73,602
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald W Roberts Director 0.00
Director
$0 $0 $0
Susan Madden Board President 0.00
Director
$0 $0 $0
Rhonda McCrone Director 0.00
Director
$0 $0 $0
Thomas Baldassari Director 0.00
Director
$0 $0 $0
Latoya Russel Director 0.00
Director
$0 $0 $0
Roy Aukerman Director 0.00
Director
$0 $0 $0
Debbie Thornsberry Director 0.00
Director
$0 $0 $0
Donna Hovatter CEO 40.00
Officer Key Emp Highest
$73,602 $0 $73,602
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 No data No data No data No data
2022 $428,102 $417,839 $13,174,560 $10,263
2021 $359,199 $409,199 $12,445,645 $-50,000
2020 $436,855 $532,616 $12,940,531 $-95,761
2019 $563,411 $565,765 $11,519,617 $-2,354
2018 $563,754 $560,848 $11,801,219 $2,906
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