Ukrainian Credit Union
Nonprofit profile at a glance
- EIN
- 416084922
- IRS 990 coverage
- 2010–2010
- Forms available
- Form 990 2010
- Location
- Minneapolis, MN, USA
- Phone
- 6123794969
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $294,899
- Expenses
- $538,507
- Assets
- $6,556,784
- Liabilities
- $6,168,084
Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
14 people listed
Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be the trusted financial partner of the Ukrainian Community through: a strong financially sourd organization; hands on, personal service; a suite of competitive financial products tailored to our membership and a culture committed to integrity.
What it reported doing in 2010
Life savings insurance which provides life insurance protection to 1256 members, based on the amount in their share savings up to $2000. We paid for four months and received a rebate
Operating model
- Revenue model
- Other-operating. 74% 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: 100
- Accountability: 14
- Sustainability: 31
- Growth: NotEnoughData
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; 59th 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: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -82.6%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 12.18; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 25.5%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 7 board members independent · 3 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $27K in reported program spending
- Leadership: top reported pay $44K · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 15/100.