44 North Credit Union
Nonprofit profile at a glance
- EIN
- 930497535
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Lebanon, OR, USA
- Phone
- 5412591235
- Rating confidence
- Limited
Reported finances
- Revenue
- $12,926,579
- Expenses
- $11,972,469
- Assets
- $164,913,210
- Liabilities
- $145,854,521
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JEFF ELLIOTT (CEO)
Highest reported compensation
- JEFF ELLIOTT (CEO): $199,038 total reported compensation
- ERWIN RAMELB (CFO): $151,738 total reported compensation
- KAREN VORDERSTRASSE (SENIOR VP/ CIO): $138,650 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
44 north credit union will continue to provide sound, progressive financial services, which support the mutual interest of the members and the community.
What it reported doing in 2024
44 north credit union services 11,586 members of our community with diverse financial products and services. During the year we granted a total of 9,009 loans worth $116,926,554 to our members.
Operating model
- Revenue model
- Earned-program. 90% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 86
- Sustainability: 61
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 13.77; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $199K · 14 people listed · 3 of 6 pay-setting controls reported
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.