Blaze Credit Union Foundation
Nonprofit profile at a glance
- EIN
- 814112454
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2017
- Location
- Saint Paul, MN, USA
- Phone
- 6512911515
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $244,151
- Expenses
- $275,655
- Assets
- $217,808
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DAN STOLTZ (CEO - CREDIT UNION)
Highest reported compensation
- DAN STOLTZ (CEO - CREDIT UNION): $1,638,995 total reported compensation
- JUSTIN BURLESON (CFO - CREDIT UNION): $463,399 total reported compensation
- CHRISTINE CORDELL (CHAIR): $290,857 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Passionately providing resources to enhance the overall wellness of the community.
What it reported doing in 2024
Our community impact grants are designated for charitable organizations whose work closely aligns with at least one of the five priority funding focus areas: 1. Community and economic development; 2. Diversity, equity and inclusion; 3. Housing; 4. Hunger relief and healthy eating programs; 5. Informal education - supporting life skills & financial well-being for all.in 2024, we were able to award $125,000 to these organizations in our local community.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and program spending has grown recently. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 57
- Accountability: 14
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 59.7%; rating input score 60; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.9%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 98.2%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 24.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94% of spending went to programs
- Governance: 0 of 9 board members independent · 3 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $259K in reported program spending
- Leadership: top reported pay $1.6M · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 19 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 15 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 19/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- 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: Officer compensation ratio scored 1/100.