Gpa Credit Union
Nonprofit profile at a glance
- EIN
- 580905125
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Garden City, GA, USA
- Phone
- 9129635580
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Credit Unions
Reported finances
- Revenue
- $616,157
- Expenses
- $1,285,764
- Assets
- $14,327,723
- Liabilities
- $12,335,924
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Robert J Cole (President)
Highest reported compensation
- Robert J Cole (President): $148,931 total reported compensation
- Gina Bogalis (Board Secretary): $84,768 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Credit Union - To Provide Thrift Savings and Borrowings to Approximately 1,607 Members in the Form of Loans, Savings, and Other Financial Services.
What it reported doing in 2023
The Credit Union provided a variety of Deposit services for its members.
Operating model
- Revenue model
- Other-operating. 67% of the money available for current operations came from other operating 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 31
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- 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: -108.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 11.14; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 18.2%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -35.1% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $149K · 9 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 17/100.