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FLOODWOOD AREA CREDIT UNION

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Public IRS 990 nonprofit record

FLOODWOOD AREA CREDIT UNION

EIN 41-0259743

What they do

THE PURPOSE and STRATEGIC OBJECTIVE of THE FLOODWOOD AREA CREDIT UNION is to SERVE ITS MEMBERS BY PROVIDING COMPETITIVE FINANCIAL PRODUCTS and SERVICES IN KEEPING WITH RECOGNIZED GOOD BUSINESS PRACTICES.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$556.56spent for every $100 of revenueSpending was higher than revenue this year.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $712,333 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $34,861 for PATRICK BABINSKI (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$156,023
Expenses$868,356
Annual shortfall $712,333 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$156,023
Expenses$868,356
People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PATRICK BABINSKIPRESIDENT · 39 hrs/week $34,861Base $13,719 · Other $21,142
DEBRA ARROVICE PRESIDE · 39 hrs/week $29,929Base $11,122 · Other $18,807
NATHAN MANNERVICE CHAIR/ · 1 hrs/week $209
MARILYN ARRODIRECTOR · 1 hrs/week $189
LARRY HEGGEDAHLCHAIR · 1 hrs/week $183
SHIRLEY JOHNSONTREASURER / · 1 hrs/week $176
LONNA HUTCHINSONSECRETARY / · 1 hrs/week $150
ROBERT DUROVECDIRECTOR · 1 hrs/week $50

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

PATRICK BABINSKIPRESIDENT

DEBRA ARROVICE PRESIDE

NATHAN MANNERVICE CHAIR/

MARILYN ARRODIRECTOR

LARRY HEGGEDAHLCHAIR

SHIRLEY JOHNSONTREASURER /

LONNA HUTCHINSONSECRETARY /

ROBERT DUROVECDIRECTOR

About this charity

Location
PO BOX 318, FLOODWOOD, MN 55736
County
St. Louis
In care of
PATRICK BABINSKI
Primary officer
PATRICK BABINSKI, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2017
Tax period began
January 1, 2018
Return type
990
Tax preparer
BRENT WOOKEY CPA

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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