Tacoma Longshoremen Credit Union
Nonprofit profile at a glance
- EIN
- 910760837
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025, Form 990-N 2011
- Location
- Tacoma, WA, USA
- Phone
- 2532722161
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,220,892
- Expenses
- $3,581,617
- Assets
- $116,862,928
- Liabilities
- $101,586,066
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MARLAND GUINN JR (PRESIDENT)
- ROBERT DEYOUNG JR (VICE PRESIDENT)
- MARK MERRIMAN (CEO)
Highest reported compensation
- MARK MERRIMAN (CEO): $292,453 total reported compensation
- TOM BATTLES (COO): $130,607 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The tacoma longshoremen credit union is a member-owned financial institution whose purpose is to meet its members' financial needs and promote the financial well-being of its members by providing them with financial services in a friendly and considerate manner.
What it reported doing in 2025
Mutual, membership benefit programs, general/other. Provide 3,377 members the opportunity for savings, deposits, loans, and other financial services. Granted 374 loans totaling $12,397,446 in 2025.
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: 71
- Accountability: 82
- Sustainability: 64
- 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: 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; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.1%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 32.63; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.6% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $292K · 9 people listed · 2 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 29/100.