Prospera Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

19 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

See schedule o

The organization operates as a financial cooperative serving and owned by its members.

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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Missing
- Independent financial-statement audit: Fail

Operating margin: 2.3%; rating input score 43; 43rd percentile among comparable filings
Total-asset coverage ratio: 15.69; rating input score 94; 94th percentile among comparable filings
Liabilities to assets ratio: 0.91; rating input score 9; 9th percentile among comparable filings
Officer compensation ratio: 10%; rating input score 20; 20th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $609K · 19 people listed · 3 of 6 pay-setting controls reported
Consistency: 10 of 11 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 12 filed money-flow records
Related organizations: 1 filed related-organization link
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: 2 of 8 not reported.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Moderate — Sustainability: Operating margin scored 43/100.
High — Sustainability: Liabilities to assets ratio scored 9/100.
High — Sustainability: Officer compensation ratio scored 20/100.