Strait-View Credit Union FY2020 filing

Not tax-deductible

Port Angeles, WAMutual-benefit / member-servingMutual / membership EIN 91-0461936Revenue $3.1M in FY2020

On file with the IRS220 S Lincoln St, 98362-3003 · Port Angeles, WATax-exempt since Jul 1954

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Operate credit union for mutual purposes and without profit.

$704K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 29% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$704K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
289 mo
of spending, in cash
Looks good: 288.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$286K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$1.8M
To programs
0%
Net assets
$84.9M
By yearFY2020–FY2024
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$3.0M
FY2022$3.8M
FY2023$4.8M
FY2024$5.4M
Expenses
$1.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.9M
FY2023$3.5M
FY2024$4.3M
Net assets
$84.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$84.9M
FY2021$103.2M
FY2022$104.0M
FY2023$99.7M
FY2024$103.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990; $704K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Board Treasurer
$191,689Pt VII · Sec A
President/Board Treasurer
$191,689Pt VII · Sec A
Vice-President
$160,219Pt VII · Sec A
Vice-President
$160,219Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Supervisory
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Supervisory Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa a Roening$203,155$229,828$184,735$172,198$191,689
Lori Frederick—$202,151$154,321$143,950$160,219
Corina Ruiz$163,918$56,243———
Catherine Malmrose$92,654————
Cindy Cashman$49,554————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Strait-View Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II44 listed

Programs and updates

Operate a cooperative credit union for members' financial benefit.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Operate credit union for mutual purposes and without profit.

Pt IX · col B
02

Operate credit union for mutual purposes and without profit.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$3.1M
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
$84.9M
net assets · Ln 32
Cash and savingsLn 1–2$42.6M
Total assetsLn 16$85.1M
LiabilitiesLn 26$286K
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.1M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$42.6M
Total assetsLn 16$85.1M
LiabilitiesLn 26$286K
Net assetsLn 32$84.9M
OperationsPt I, VI
EmployeesI 515
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.4M$4.3M$1.1M$103.1M 990 PDF
FY2023 $4.8M$3.5M$1.3M$99.7M 990 PDF
FY2022 $3.8M$2.9M$884K$104.0M 990 PDF
FY2021 $3.0M$1.8M$1.2M$103.2M 990 PDF
FY2020 Viewing $3.1M$1.8M$1.3M$84.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2020 990 (1 part)
Part VI · Governance 0 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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