32 EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION INC

EIN: 344376330

Toledo, OH

Total Revenue
$2,865,123
Total Expenses
$2,580,049
Total Assets
$58,874,204
Net Assets
$6,473,604
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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
1934
Legal Domicile
OH
Principal Officer
Beth Carpenter
Phone
4193812323
Tax Period
2023-01-01 to 2023-12-31

32 EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION INC, founded in 1934, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 10% surplus.

Mission

Educational Community Alliance 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,535,376
Investment Income $329,747
Other Revenue $0
TOTAL REVENUE $2,865,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $978,374
Fundraising Expenses $0
Program Expenses $2,169,967
Other Expenses $1,601,675
TOTAL EXPENSES $2,580,049

Year-over-Year Comparison

2023 2022 Change
Revenue $2,865,123 $2,366,913 +0.2%
Expenses $2,580,049 $2,074,123 +0.2%
Net Income $285,074 $292,790 0.0%
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
5
Independent Members
5
Employees
12
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
6
$1,080
Key Employees
1
$139,742
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beth Carpenter Chief Executive Officer 40
Key Emp Highest
$126,042 $13,700 $139,742
Robert Parks Director 2
Director
$315 $0 $315
Angela Jordan Secretary of Board 2
Director
$235 $0 $235
Bradley Aemisegger Chairperson of Board 2
Director
$220 $0 $220
Dale Price Vice Chairperson of Board 2
Director
$135 $0 $135
Seth Sansing Treasurer of Board 2
Director
$100 $0 $100
David Preslan Director (January-April) 2
Director
$75 $0 $75
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 $2,865,123 $2,580,049 $58,874,204 $285,074
2022 $2,366,913 $2,074,123 $61,275,129 $292,790
2021 $2,244,459 $1,915,482 $58,510,911 $328,977
2020 $2,363,934 $2,151,804 $52,440,566 $212,130
2019 $2,585,292 $2,225,259 $45,203,334 $360,033
2018 $2,514,157 $2,363,847 $45,950,806 $150,310
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