Financial Partners Credit Union
Nonprofit profile at a glance
- EIN
- 951653038
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Los Angeles, CA, US
- Phone
- 8448793728
- Rating confidence
- Limited
Reported finances
- Revenue
- $132,955,752
- Expenses
- $126,987,488
- Assets
- $2,238,109,251
- Liabilities
- $2,079,094,158
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
43 people listed
Executive titles in this filing
- NADER MOGHADDAM (PRESIDENT/CEO)
Highest reported compensation
- NADER MOGHADDAM (PRESIDENT/CEO): $1,216,927 total reported compensation
- WANDA A WILLIAMS (EVP/CAO): $704,767 total reported compensation
- DARREN HERRMANN (EVP/CTO): $528,095 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Financial Partners Credit Union is a member-owned financial cooperative dedicated to providing financial services and community support.
What it reported doing in 2025
Secured additional grant funding as a designated community development financial institution (cdfi) to expand financial access for low-income residents and local businesses. Combined with $35 million in supplemental capital loans through the u.s. Treasury department's emergency capital investment program (ecip), these resources enabled the credit union to scale its lending programs for low- and moderate-income members.
Operating model
- Revenue model
- Earned-program. 84% 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: 83
- Accountability: 95
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- 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: 83.3%; rating input score 83; 25th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.5%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 17.62; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.6% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 58th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1.2M · 43 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 60 filed money-flow records
- Related organizations: 8 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.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 7/100.