Jefferson Financial Credit Union
Nonprofit profile at a glance
- EIN
- 720649178
- IRS 990 coverage
- 2011–2015
- Forms available
- Form 990 2015
- Location
- Metairie, LA, USA
- Phone
- 5043716300
- Rating confidence
- Limited
Reported finances
- Revenue
- $24,511,023
- Expenses
- $21,803,086
- Assets
- $432,321,238
- Liabilities
- $387,183,155
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MARK ROSA (PRESIDENT/CEO)
Highest reported compensation
- MARK ROSA (PRESIDENT/CEO): $312,310 total reported compensation
- CARIE LOPEZ (VP OF LENDING): $232,098 total reported compensation
- KRISTIN MORRISON (VP OF OPERATIONS): $166,093 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Being a member-owned, not-for-profit financial organization allows us to keep the member's interest in the forefront. Therefore, keeping up with recent technology and the needs of the people who own us is our mission. We do this by constantly striving to provide quality services in our competitive market while maintaining a sound financial institution.
What it reported doing in 2015
We offer both savings and checking accounts to our members with no monthly service charges. The share savings accounts represents the member's ownership share of the credit union.
Operating model
- Revenue model
- Earned-program. 74% 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: 71
- Accountability: 95
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 69th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 19.83; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.3% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 83rd percentile among comparable filings
Details
- 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: 3 filed program accomplishments
- Leadership: top reported pay $312K · 17 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 5 filing years from 2011 to 2015
- Contacts: How to reach this organization
- Money network: 32 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.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.