Firstmark Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Firstmark Credit Union is a 501(c)(14) organization based in San Antonio, Texas, registered in 1976, with $71,306,267 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
2023 Gold Canyon Rd, San Antonio, TX, 78232 EIN 74-0879805 Since 1976
Revenue (FY2024)
$71.3M
▼ 5.0% vs prior year
Expenses (FY2024)
$70.2M
Net assets
$90.9M
Employees
306
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Firstmark Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Firstmark Credit Union: 16 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Firstmark Credit Union: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Firstmark Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To help people to better their lives and businesses.
Contact & location
- Address
- 2023 Gold Canyon Rd, San Antonio, TX, 78232
- City
- San Antonio
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $51.3M (FY2013) to $71.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $90.9M
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.1B
Net assets
$90.9M
Salaries & benefits
$22.9M
33% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,306,267▼5.0% | $70,206,287▼3.4% | $90,862,798▲7.4% | $1,180,376,412▼1.6% | 990 |
| 2023 | $75,060,064▲24.8% | $72,698,806▲33.7% | $84,619,263▲20.6% | $1,199,200,708▼2.4% | 990 |
| 2022 | $60,165,832▲18.6% | $54,389,298▲18.2% | $70,186,427▼35.9% | $1,229,028,062▼0.1% | 990 |
| 2021 | $50,715,745▼3.3% | $45,999,215▼12.5% | $109,419,699 | $1,229,967,544▲6.2% | 990 |
| 2020 | $52,462,441▼11.7% | $52,564,459▲2.2% | $109,367,360▼0.5% | $1,157,640,122▲13.5% | 990 |
| 2019 | $59,445,918▼0.1% | $51,413,718▼1.6% | $109,877,169▲9.1% | $1,020,010,997▼0.5% | 990 |
| 2018 | $59,480,201▼0.3% | $52,265,956▼2.8% | $100,708,716▲7.3% | $1,025,180,631▼1.9% | 990 |
| 2017 | $59,639,438▲2.8% | $53,799,009▼3.3% | $93,818,360▲14.2% | $1,045,380,675▲3.1% | 990 |
| 2016 | $58,007,746▼2.8% | $55,636,972▲15.4% | $82,166,457▼91.2% | $1,013,585,673▼1.2% | 990 |
| 2015 | $59,657,829▲11.3% | $48,193,490▲7.9% | $936,685,577▲11.6% | $1,025,663,609▲13.3% | 990 |
| 2014 | $53,619,747▲4.6% | $44,675,837▲7.7% | $839,351,568▲8.8% | $905,264,248▲10.8% | 990 |
| 2013 | $51,252,487 | $41,496,022▲6.1% | $771,534,623▲6.2% | $817,030,760▲7.5% | 990 |
| 2012 | — | $39,106,491▼3.9% | $726,684,791▲2.0% | $760,265,271▲5.1% | 990 |
| 2011 | — | $40,697,973▼8.3% | $712,528,848▲5.0% | $723,194,172▲5.1% | 990 |
| 2010 | — | $44,368,984 | $678,706,990 | $687,961,962 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Gregg Thorne — $535,093 (0.76% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gregg Thorne | Interim Ceo | 45 | $535,093 |
| Michael Grundon | Cfo | 45 | $249,441 |
| Steve Mott | Coo | 45 | $226,438 |
| Laura Ward | Cro | 45 | $215,128 |
| Richard Danny Smith | Clo | 45 | $204,096 |
| Rick Nelson | Vp of Retail | 45 | $182,169 |
| Veronica Teran | Vp of Accoun | 45 | $170,117 |
| Andrew Denoncour | Vp Innovatio | 45 | $168,120 |
| Matthew Stiefer | Vp of It | 45 | $165,256 |
| Mark Leita | Vp Comp & Le | 45 | $147,982 |
| Clare Coleman | Director | 5 | — |
| Donald Jones Jr | Director | 5 | — |
| Donald Pinson | Chairman | 5 | — |
| Ericka Olivarez | Advisory Dir | 5 | — |
| Ignacio Orozco Jr | Director | 5 | — |
| Kyle Friesenhahn | Secretary | 5 | — |
| Lloyd Verstuyft | Advisory Dir | 5 | — |
| Matthew Ralph | Vice Chair | 5 | — |
| Rodolfo Pena | Treasurer | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu | Payment Service | $2,088,982 |
| Lumin Digital LLC | Software | $1,150,641 |
| Texas Series of Lockton Companies | Comm Insurance | $1,107,210 |
| Jack Henry & Associates Inc | Software | $917,960 |
| Albert Uresti Mpa Pcc | Tax Assessor | $804,468 |
Grants made · $38K in FY2024
1 grant totaling $38K in FY2024. All grants made by Firstmark Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Firstmark Credit Union Foundation | Sponsorship | $37,632 |
Frequently asked questions
- Is Firstmark Credit Union a legitimate nonprofit?
- Yes. Firstmark Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-0879805, based in San Antonio, Texas.
- What is Firstmark Credit Union's EIN?
- Firstmark Credit Union's Employer Identification Number (EIN) is 74-0879805.
- How much revenue does Firstmark Credit Union report?
- Firstmark Credit Union reported $71,306,267 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Firstmark Credit Union's spending goes to programs?
- Firstmark Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Firstmark Credit Union have?
- CharityIndex grades Firstmark Credit Union B+, based on program efficiency and fundraising cost.
- How much does Firstmark Credit Union's highest-paid employee make?
- The highest reported compensation on Firstmark Credit Union's latest Form 990 is $535,093, paid to Gregg Thorne (Interim Ceo).
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Data for Firstmark Credit Union (EIN 74-0879805) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.