Mississippi Farm Bureau Employees Federal Credit Union
Nonprofit profile at a glance
- EIN
- 640372187
- IRS 990 coverage
- 2010–2018
- Forms available
- Form 990 2018
- Location
- Jackson, MS, USA
- Phone
- 6019817422
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $403,939
- Expenses
- $334,835
- Assets
- $15,189,016
- Liabilities
- $13,281,585
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CHARLES MARSHALL (PRESIDENT)
- JOHN BLACKWELL (VICE-PRESIDENT)
- CANDI MITCHELL (MANAGER/CEO)
Highest reported compensation
- CANDI MITCHELL (MANAGER/CEO): $53,338 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a safe place to save and borrow at reasonable rates for its members.
What it reported doing in 2018
To provide members with a safe place to save and borrow at reasonable rates.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 74
- Sustainability: 68
- 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; 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.1%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 45.36; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 15.9%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.1% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $335K in reported program spending
- Leadership: top reported pay $53K · 5 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2010 to 2018
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 25/100.