Canton Police and Fireman's C U Inc
Nonprofit profile at a glance
- EIN
- 340717072
- IRS 990 coverage
- 2011–2015
- Forms available
- Form 990 2015
- Location
- Canton, OH, USA
- Phone
- 3304532467
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Credit Unions
Reported finances
- Revenue
- $440,240
- Expenses
- $511,484
- Assets
- $7,973,122
- Liabilities
- $7,294,398
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CHARLES SALER (PRESIDENT)
People named in this filing
- WILLIAM WELCH (DIRECTOR)
- ERNEST SKILLERN (DIRECTOR)
- GERALD ZACHARY (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Canton police and fireman's credit union is a member owned, not for profit, not for charity, but for services, financial cooperative. The company is dedicated to responding to our members' financial needs by providing a variety of low cost financial services and to serve, educate and encourage thrift among our members while safeguarding their assets and enhancing their quality of life one person at a time.
What it reported doing in 2015
Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- 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: 76
- Sustainability: 45
- Growth: 20
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; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.2%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 15.59; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.3% per year; rating input score 0; 31st percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2011 to 2015
- Contacts: How to reach this organization
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.