TAPPAN COMMUNITY CREDIT UNION INC (EIN 346520624) - Form 990 Financial Analysis & Trantor Score

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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

1935

Legal Domicile

Principal Officer

CONNIE DEVAULT

Phone

4195261616

Tax Period

2023-01-01 to 2023-12-31

TAPPAN COMMUNITY CREDIT UNION INC, founded in 1935, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $2.6M represent 71 months of operating reserves.

Mission

TAPPAN CREDIT UNION PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS AND COMMUNITY GROUPS IN ACCORDANCE WITH OHIO REVISED CODE SECTION 1733.05, ANY PERSON(S) WHO RESIDE, WORK, ATTEND SCHOOL OR WORSHIP IN RICHLAND COUNTY, OHIO.

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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 $308,713

Investment Income $124,696

Other Revenue $0

TOTAL REVENUE $433,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,685

Fundraising Expenses $0

Other Expenses $312,663

TOTAL EXPENSES $443,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,409	$309,212	+0.4%
Expenses	$443,348	$373,187	+0.2%
Net Income	$-9,939	$-63,975	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DICKMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBERT GROSE	PRESIDENT	0.25	Officer Director	$0	$0	$0
ROBERT HARVEY	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHELLE JACOBS	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
KATHLEEN SHAMBRE	SECRETARY/TR	0.25	Officer Director	$0	$0	$0
MATTHEW SMALL	BOARD MEMBER	0.25	Director	$0	$0	$0
TOM VANHARLINGEN	BOARD MEMBER	0.25	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
2024	No data	No data	No data	No data
2023	$433,409	$443,348	$8,908,350	$-9,939
2022	$309,212	$373,187	$10,195,045	$-63,975
2021	$281,117	$409,473	$10,187,654	$-128,356
2020	$303,011	$367,751	$9,771,015	$-64,740
2019	$334,759	$392,150	$9,910,236	$-57,391
2018	$327,679	$356,515	$11,284,336	$-28,836

TAPPAN COMMUNITY CREDIT UNION INC