1364 L E O Credit Union Inc
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
1364 L E O Credit Union Inc is a 501(c)(14) organization based in Painesville, Ohio, registered in 1969, with $599,539 in FY2024 revenue. CharityIndex grades it B.
155 Freedom Rd, Painesville, OH, 44077 EIN 34-1471215 Since 1969
Revenue (FY2024)
$600K
▲ 24.1% vs prior year
Expenses (FY2024)
$519K
Net assets
$2.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 1364 L E O Credit Union Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating54 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 1364 L E O Credit Union Inc: 54 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 1364 L E O Credit Union Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 1364 L E O Credit Union Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 155 Freedom Rd, Painesville, OH, 44077
- City
- Painesville
- State
- Ohio
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $460K (FY2013) to $600K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.2MNet assets $2.3M
Operating margin
13.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.5M
Total liabilities
$8.2M
Net assets
$2.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $599,539▲24.1% | $519,190▼26.6% | $2,336,119▲14.5% | $10,497,296▼0.2% | 990 |
| 2023 | $482,987▲5.3% | $707,107▲37.6% | $2,040,264▼0.5% | $10,518,000▼12.9% | 990 |
| 2022 | $458,739▲2.4% | $513,742▲31.2% | $2,051,204▼25.0% | $12,078,913▼13.8% | 990 |
| 2021 | $448,144▼14.6% | $391,706▼13.8% | $2,733,999▲2.1% | $14,008,267▼6.4% | 990 |
| 2020 | $524,734▼12.1% | $454,530▼3.4% | $2,677,561▲2.7% | $14,969,872▼4.9% | 990 |
| 2019 | $597,086▲6.6% | $470,466▼6.6% | $2,607,357▲5.1% | $15,740,793▲16.0% | 990 |
| 2018 | $560,050▲10.0% | $503,723▲10.8% | $2,480,737▲2.3% | $13,570,933▼6.5% | 990 |
| 2017 | $509,316▲0.4% | $454,560▲1.8% | $2,424,410▲2.3% | $14,516,151▲0.3% | 990 |
| 2016 | $507,323▲2.6% | $446,557▲11.8% | $2,369,654▲2.6% | $14,471,987▼1.6% | 990 |
| 2015 | $494,605▲5.6% | $399,455▲9.8% | $2,308,888▲4.3% | $14,702,290▼3.1% | 990 |
| 2014 | $468,521▲1.9% | $363,798▼0.8% | $2,213,738▲5.0% | $15,179,590▼3.4% | 990 |
| 2013 | $459,719 | $366,634▼13.2% | $2,109,015▲4.6% | $15,705,913▼0.9% | 990 |
| 2012 | — | $422,371▼6.2% | $2,015,930▲3.9% | $15,842,591▲1.9% | 990 |
| 2011 | — | $450,238▼11.7% | $1,939,573▲5.5% | $15,543,307▲5.0% | 990 |
| 2010 | — | $509,773 | $1,838,168 | $14,799,356 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is 1364 L E O Credit Union Inc a legitimate nonprofit?
- Yes. 1364 L E O Credit Union Inc is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 34-1471215, based in Painesville, Ohio.
- What is 1364 L E O Credit Union Inc's EIN?
- 1364 L E O Credit Union Inc's Employer Identification Number (EIN) is 34-1471215.
- How much revenue does 1364 L E O Credit Union Inc report?
- 1364 L E O Credit Union Inc reported $599,539 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does 1364 L E O Credit Union Inc have?
- CharityIndex grades 1364 L E O Credit Union Inc B, based on financial health (reserves and operating margin).
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Data for 1364 L E O Credit Union Inc (EIN 34-1471215) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.