Mawc Credit Union
Nonprofit profile at a glance
- EIN
- 430720336
- IRS 990 coverage
- 2010–2019
- Forms available
- Form 990 2019
- Location
- St Louis, MO, USA
- Phone
- 3149962399
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $85,384
- Expenses
- $75,277
- Assets
- $2,410,250
- Liabilities
- $2,076,783
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MAUREEN HANNEKAN (PRESIDENT)
- DAWN SPINK (VICE PRESIDENT)
Highest reported compensation
- GINA USSELTON (MANAGER (CURRENT)): $14,820 total reported compensation
- JEAN SCOTT (SECRETARY/MANAGER (THRU APRIL 2019)): $6,945 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Owned, controlled, & operated for the benefit of our members, mawc credit union is a not-for-profit cooperative, committed to providing fast, friendly, reliable service. We offer competitive lending rates and excellent dividends. We seek to deliver a range of low cost products that will sustain growth and serve the best interest of our members while maintaining financial stability.
What it reported doing in 2019
Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2019, there were 107 loans outstanding totaling $1,402,442.
Operating model
- Revenue model
- Earned-program. 75% 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: 90
- Accountability: 69
- Sustainability: 60
- 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: 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: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11.8%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 32.02; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 28.9%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.8% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $15K · 8 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2019
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.