Ithink Financial Credit Union
100% goes to programs Strong reserves Growing revenue
Ithink Financial Credit Union is a 501(c)(14) organization based in Delray Beach, Florida, registered in 2016, with $133,877,746 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
1000 Nw 17th Ave, Delray Beach, FL, 33445 EIN 59-1286880 Since 2016
Revenue (FY2024)
$133.9M
▲ 22.4% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$114.6M
Net assets
$184.2M
Employees
455
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 Ithink Financial Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +14% 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 Ithink Financial Credit Union: 19 mo reserves · +14% 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 Ithink Financial 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 Ithink Financial Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To deliver service excellence to the membership and the communities we serve while ensuring the safety and soundness of the credit union.
Contact & location
- Address
- 1000 Nw 17th Ave, Delray Beach, FL, 33445
- City
- Delray Beach
- State
- Florida
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.3M (FY2015) to $133.9M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0BNet assets $184.2M
Operating margin
14.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$2.0B
Net assets
$184.2M
Salaries & benefits
$37.2M
32% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $133,877,746▲22.4% | $114,596,734▲19.1% | $184,214,228▲14.9% | $2,214,503,227▲1.3% | 990 |
| 2023 | $109,353,591▲26.5% | $96,223,992▲43.2% | $160,271,783▲7.0% | $2,185,778,208▲0.3% | 990 |
| 2022 | $86,426,438▲9.8% | $67,193,462▲9.8% | $149,764,710 | $2,178,700,861▲16.4% | 990 |
| 2021 | $78,735,447▼5.2% | $61,171,316▼14.3% | $149,763,346▲13.9% | $1,871,522,123▲9.3% | 990 |
| 2020 | $83,061,032▲36.4% | $71,355,061▲42.2% | $131,442,005▲23.1% | $1,712,161,633▲51.2% | 990 |
| 2018 | $60,890,654▲14.9% | $50,168,360▲13.6% | $106,734,383▲8.0% | $1,132,677,018▲5.0% | 990 |
| 2017 | $52,976,687▲16.9% | $44,164,118▲19.1% | $98,846,547▲8.9% | $1,079,137,224▲14.8% | 990 |
| 2016 | $45,334,055▲104% | $37,097,058▲124% | $90,758,970▲8.3% | $940,271,063▲5.4% | 990 |
| 2015 | $22,271,522 | $16,530,493 | $83,772,051 | $892,481,354 | 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: Michael Miller — $932,791 (0.81% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Miller | Ceo | 40 | $932,791 |
| Jeffrey Kolhagen | Cfo | 40 | $363,317 |
| Mark Skinner | Clo | 40 | $348,870 |
| Benjamin Maffett | Sba & Commercial Sales Manager | 40 | $328,831 |
| Nicole Heffelfinger | Cro | 40 | $321,633 |
| Edison Cervantes | Cto | 40 | $309,717 |
| Benjamin Sturgell | General Counsel | 40 | $263,222 |
| Anthony Furino | Avp Commercial Lending | 40 | $188,416 |
| Bradley Stewart | Avp Risk Management | 40 | $171,497 |
| Stephen Johnson | Avp Administration & Marketing | 40 | $168,869 |
| Marie I Mascaro | Board Director | 1 | $7,049 |
| Randee Abramson | Audit Committee | 1 | $6,969 |
| Juana T Krause | Board Director | 1 | $6,752 |
| Frank Mays | Audit Committee | 1 | $5,024 |
| Hilary Hunter | Audit Committee | 1 | $4,793 |
| Donald L Lee | Board Director | 1 | $4,784 |
| Michael W Townsend | Board Chairperson | 1 | $3,289 |
| Shawn M Limerick | Audit Committee | 1 | $3,250 |
| Brad J Debauche | Board Vice Chairperson | 1 | $2,234 |
| Johnny Bennett | Board Treasurer | 1 | $1,581 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cubus Solutions | Web Design | $826,429 |
| Corelation Inc | Core Processor | $616,739 |
| Marquis Software Solutions Inc | Marketing | $529,667 |
| Ttec Digital LLC | Communications | $522,222 |
| 5400 Congress LLC | Rent | $509,849 |
Grants made · $80K in FY2024
1 grant totaling $80K in FY2024. All grants made by Ithink Financial Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| I Think Community Foundation Inc | To support the mission of improving the lives of children and families in the community. | $79,922 |
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Compare Ithink Financial Credit Union
Frequently asked questions
- Is Ithink Financial Credit Union a legitimate nonprofit?
- Yes. Ithink Financial Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 59-1286880, based in Delray Beach, Florida.
- What is Ithink Financial Credit Union's EIN?
- Ithink Financial Credit Union's Employer Identification Number (EIN) is 59-1286880.
- How much revenue does Ithink Financial Credit Union report?
- Ithink Financial Credit Union reported $133,877,746 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ithink Financial Credit Union's spending goes to programs?
- Ithink Financial Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ithink Financial Credit Union have?
- CharityIndex grades Ithink Financial Credit Union B+, based on program efficiency and fundraising cost.
- How much does Ithink Financial Credit Union's highest-paid employee make?
- The highest reported compensation on Ithink Financial Credit Union's latest Form 990 is $932,791, paid to Michael Miller (Ceo).
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Data for Ithink Financial Credit Union (EIN 59-1286880) 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.