Water and Power Community Credit Union

Nonprofit profile at a glance

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

22 people listed

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

To provide accessible and affordable financial services to our members while fostering community growth and financial well-being.

The credit union provided deposit accounts and loan services to 44,744 members as of december 31, 2024. In 2024, 5,011 loans were made to members.

Revenue model: Earned-program. 83% 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: 91.7%; rating input score 92; 6th percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 26.9%; rating input score 27; 9th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 2.7%; rating input score 45; 45th percentile among comparable filings
Total-asset coverage ratio: 20.57; rating input score 97; 97th percentile among comparable filings
Liabilities to assets ratio: 0.95; rating input score 7; 7th percentile among comparable filings
Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 6.3% per year; rating input score 100; 54th percentile among comparable filings
Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings

What they do: 4 programs and campaigns described on the official site
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $562K · 22 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $5.6M reported
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 13 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.

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

High — Transparency & Controls: Grant itemization coverage scored 27/100.
Moderate — Sustainability: Operating margin scored 45/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 7/100.
Moderate — Sustainability: Officer compensation ratio scored 40/100.