Blaze Credit Union
Nonprofit profile at a glance
- EIN
- 410585825
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Falcon Heights, MN, USA
- Phone
- 6512153500
- Rating confidence
- Limited
Reported finances
- Revenue
- $267,991,867
- Expenses
- $240,639,425
- Assets
- $4,260,893,844
- Liabilities
- $3,962,936,215
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- DAN STOLTZ (CEO)
- WILLIAM BODEN (PRESIDENT/CHIEF TRANSFORMATION OFFICER)
Highest reported compensation
- DAN STOLTZ (CEO): $1,653,495 total reported compensation
- JAMES GANGER (SR VP RELATIONSHIP & SERVI): $881,708 total reported compensation
- CLIFF WANTZ (SR VP OF LENDING AND PRODU): $855,647 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Blaze credit union's purpose is to create better lives for our members. Our core value is to be thoughtfully compassionate for our members. Our core vision is to be Minnesota's best for our members. Our core action is to give back to our members, Minnesota-based organizations, and the communities we serve.
What it reported doing in 2024
Recording member account activity and providing members access to their accounts via home banking, atm networks, and in person at the cu office.
Operating model
- Revenue model
- Earned-program. 78% 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: 81
- Accountability: 86
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 0th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- 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: 96.8%; rating input score 97; 30th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 10.2%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 17.71; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 21.8% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 17 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.7M · 35 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $29.5M reported
- Consistency: 10 of 12 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 61 filed money-flow records
- Related organizations: 35 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.
- 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.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 23/100.