Cincinnati Union Cooperative Initiative

Nonprofit profile at a glance

EIN
453914880
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
Cincinnati, OH, USA
Phone
5134039963
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Labor Studies

Official website

Reported finances

Revenue
$1,081,355
Expenses
$953,319
Assets
$413,624
Liabilities
$7,419

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KATY HEINS (PRESIDENT)

Highest reported compensation

  • KRISTEN BARKER (CO-FOUNDER/ED): $62,446 total reported compensation
  • ELLEN VERA (CO-FOUNDER/DIRECTOR): $61,592 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cincinnati union cooperative initiative partners with individuals and other organizations to develop worker-owned businesses which provide family- sustaining jobs and create economy that works for all.

What it reported doing in 2024

Co-op cincy has been broadening its reach in providing education and inspiration on the cooperative and union cooperative models. Staff planned and facilitated regular "co-op 101" sessions, tours of existing co-ops, and co-op social happy hours for informal network building and information sharing. Cooperative management certificate program this year marked the third iteration of our successful cooperative management certificate in partnership with xavier university's leadership center. An additional 20 participants successfully completed the program, implementing a final project within their respective co-ops to strengthen their efforts. Co-op cincy led the 5th cohort of power in numbers co-op u in 2025, which has a specific focus on support for bipoc-led entrepreneurial teams. Curriculum included articulating a clear business concept, knowing your customer, feasibility, logistics, and cooperative governance and management. 16 participants wrapped their experience by presenting creation or growth plans for businesses ranging from a food growers collective to management consulting. The refugee agricultural partnership program (rapp), funded partially through the us department of health and human services, provided 20 workers with refugee status an opportunity to cultivate healthy foods, explore viable business paths in agriculture, and grow meaningful connections. We continued to provide assistance and mentoring to co-op business alumnae from all earlier cohorts of co-op u. Union co-op symposium co-op cincy organized the 7th union co-op symposium in october with the theme "from breakdown to breakthrough - building a stronger community". The symposium included learning tracks on topics ranging from housing coops and the union co-op network to practical tools for participatory management. Many tracks featured spanish/english interpretation. "club coop" gave everyone a venue for celebration. Over 250 people from across the united states, canada, and spain participated.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 94
  • Accountability: 74
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: $208.64 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

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: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th 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: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.8%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 15.1% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 15.3% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 20.5% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 94.4% of spending went to programs
  • Governance: 10 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $900K in reported program spending
  • Leadership: top reported pay $62K · 12 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.