Ohios First Class Credit Union
EIN: 340151750 · Cleveland, OH
| Metric | Value |
|---|---|
| Total Revenue | $568K |
| Total Expenses | $3.8M |
| Net Assets | $44.9M |
Is Ohios First Class Credit Union Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ohios First Class Credit Union
Ohios First Class Credit Union (EIN: 340151750) is a nonprofit organization based in Cleveland, OH. The organization reported total revenue of $568K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ohios First Class Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ohios First Class Credit Union is a small nonprofit that has been operating for 57 years, with 10 years of IRS 990 filings on record (2010–2019). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$91K |
| Total Assets | $45.2M |
| Total Liabilities | $296K |
| Net Assets | $44.9M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 142.3 months |
Financial Health Grade: A
In 2019, Ohios First Class Credit Union reported a surplus of $91K with revenue exceeding expenses, holds 142.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2019), Ohios First Class Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +3.6% | +4.2% | -0.1% |
| 2018 | +9.5% | +7.5% | +7.9% |
| 2017 | +5.9% | +7.5% | +4.6% |
| 2016 | +8.8% | +6.5% | +2.5% |
| 2015 | +2.8% | +2.6% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ohios First Class Credit Union has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ohios First Class Credit Union with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Ohios First Class Credit Union
Is Ohios First Class Credit Union a legitimate charity?
Ohios First Class Credit Union (EIN: 340151750) is a registered tax-exempt nonprofit based in Ohio. It has 10 years of IRS 990 filings on record. Total revenue: $568K. No red flags identified. Financial health grade: A.
How does Ohios First Class Credit Union spend its money?
Ohios First Class Credit Union reported $568K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ohios First Class Credit Union tax-deductible?
Ohios First Class Credit Union is registered as a tax-exempt nonprofit (EIN: 340151750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ohios First Class Credit Union located?
Ohios First Class Credit Union is headquartered in Cleveland, Ohio and files with the IRS under EIN 340151750.
How many years of IRS 990 filings does Ohios First Class Credit Union have?
Ohios First Class Credit Union has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $568K in total revenue.
Filing History
IRS 990 filing history for Ohios First Class Credit Union showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2019), Ohios First Class Credit Union's revenue has grown by 29.5%, moving from $3.0M to $3.9M. Total assets increased by 35.8% over the same period, from $33.3M to $45.2M. Total functional expenses rose by 27%, from $3.0M to $3.8M. In its most recent filing year (2019), Ohios First Class Credit Union reported a surplus of $91K, with revenue exceeding expenses. The organization holds $296K in liabilities against $45.2M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $44.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $3.9M | $3.8M | $45.2M | $296K | — | View 990 |
| 2018 | $3.8M | $3.7M | $45.3M | $343K | — | View 990 |
| 2017 | $3.4M | $3.4M | $42.0M | $287K | — | — |
| 2016 | $3.3M | $3.2M | $40.1M | $313K | — | View 990 |
| 2015 | $3.0M | $3.0M | $39.1M | $372K | — | View 990 |
| 2014 | $2.9M | $2.9M | $37.2M | $656K | — | View 990 |
| 2013 | $2.7M | $2.8M | $37.0M | $278K | — | View 990 |
| 2012 | $2.9M | $2.9M | $37.0M | $295K | — | View 990 |
| 2011 | $2.9M | $2.9M | $34.5M | $300K | — | View 990 |
| 2010 | $3.0M | $3.0M | $33.3M | $229K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $3.9M, expenses of $3.8M, and assets of $45.2M (revenue +3.6% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.7M, and assets of $45.3M (revenue +9.5% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $42.0M (revenue +5.9% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.2M, and assets of $40.1M (revenue +8.8% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.0M, and assets of $39.1M (revenue +2.8% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.9M, and assets of $37.2M (revenue +6.4% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.8M, and assets of $37.0M (revenue -4.7% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.9M, and assets of $37.0M (revenue -2.6% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.9M, and assets of $34.5M (revenue -2.3% year-over-year).
- 2010: Revenue of $3.0M, expenses of $3.0M, and assets of $33.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ohios First Class Credit Union:
Data Sources and Methodology
This transparency report for Ohios First Class Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.