Radiant Credit Union

Nonprofit profile at a glance

EIN
590808589
IRS 990 coverage
2021–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Gainesville, FL, US
Phone
352-381-5200
Rating confidence
Limited
Sector
Credit Unions

Official website

Reported finances

Revenue
$55,611,981
Expenses
$50,603,854
Assets
$855,283,975
Liabilities
$190,174,455

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

Leadership & pay

20 people listed

Executive titles in this filing

  • THOMAS BARNARD (PRESIDENT/CEO)

Highest reported compensation

  • THOMAS BARNARD (PRESIDENT/CEO): $557,692 total reported compensation
  • KELLY CHESSER (COO): $274,118 total reported compensation
  • TREY PRESNELL (CFO): $267,524 total reported compensation

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

Overview

Mission

All. Together. Brighter.

What it reported doing in 2024

We're a credit union, a not-for-profit financial institution proudly serving our community and members since 1957. With all the choices out there, why pick radiant credit union? You own us. Our members aren't just customers, they're owners. This means when you join radiant credit union, you get a voice in how we do business. As a not-for-profit cooperative, we return our profits to our member-owners in the form of better rates, lower fees, a higher return on deposits, and personalized service.

Operating model

Revenue model
Other-operating. 89% 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

- 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: 89
  • Accountability: 86
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • 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; 77th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 16.9; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 5.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 17.5% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 48th percentile among comparable filings

Details

  • What they do: 3 operating locations identified
  • 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 $558K · 20 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $682K reported
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 16/100.