471 Antioch Credit Union Inc

Nonprofit profile at a glance

EIN
340718981
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Cleveland, OH, USA
Phone
2164218885
Rating
48
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$86,013
Expenses
$99,519
Assets
$2,721,156
Liabilities
$1,802,333

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LARRY WAGNER (PRESIDENT)
  • JUANITA GLYMPH (VICE PRESIDENT)
  • ROBERT SMEDLEY (2ND VICE PRESIDENT)

Highest reported compensation

  • ALICIA GREEN (TREASURER MANAGER): $33,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provides lending, savings and other services to its qualified members at terms generally better than available in the marketplace with a "service based emphasis" that recognize the member status as"owners"

What it reported doing in 2025

Dividends and interest paid to members on approximately 997 deposit accounts held by approximately 738 members. Direct labor and employee benefit costs incurred providing savings deposit services, origination of loans and servicing of loan portfolio activity for members. Data processing costs incurred recording member account activity and providing access to members to their accounts via atm networks and in person at the credit union office.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 27.34; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 34%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -29.5% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $34K · 11 people listed
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.