Envista Federal Credit Union

Legal name: Envista Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

13 people listed

ELIZABETH STEFFEN (CHIEF FINANCIAL OFFICER): $473,101 total reported compensation
RONALD D SMELTZER (PRESIDENT/CEO, TREASURER): $453,042 total reported compensation
TARA DIMICK (CHIEF BUSINESS DEVELOPMENT OFFICER): $417,988 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Envista is for you.

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2022, loans outstanding totaled $428,550,096.

Revenue model: Earned-program. 96% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

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: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 15.5%; rating input score 78; 78th percentile among comparable filings
Total-asset coverage ratio: 19.83; rating input score 96; 96th percentile among comparable filings
Liabilities to assets ratio: 0.91; rating input score 10; 10th percentile among comparable filings
Officer compensation ratio: 9.1%; rating input score 22; 22nd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 8.2% per year; rating input score 100; 68th percentile among comparable filings
Asset growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings

What they do: 6 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $473K · 13 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 2 contractors listed · $295K reported
Consistency: 14 of 14 current checks pass
Schedules: 5 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2008 to 2022
Contacts: How to reach this organization
Money network: 10 filed money-flow records
Related organizations: 2 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.

Signals prioritize questions for review. They are not findings of misconduct.