Ctcu Foundation
Nonprofit profile at a glance
- EIN
- 814173338
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Tyler, TX, USA
- Phone
- 9035612603
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $148,288
- Expenses
- $149,715
- Assets
- $7,818
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Meghan Reily (President)
People named in this filing
- Meghan Reily (President)
- Tim Miller (Director)
- Mary Fulmer (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Primary Exempt Purpose: The CTCU Foundation was established in 2016 to serve as "a community cornerstone" within the communities of our field of membership. In a continuous demonstration of the credit union philosophy "people helping people," the foundation is committed to improving the quality of life in the these communities by investing in the citizens of today and tomorrow. The main areas of focus for accomplishing this mission include: financial literacy & general education, community development & empowerment, community charities and non-profit organizations, and other charitable contributions.
What it reported doing in 2024
The foundation will provide resources to charitable, educational and civic outreach efforts that parallel our mission of financial literacy, education and directly support organizations that provide resources to the less fortunate in the communities we serve.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 75.3% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $150K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.