Forum Credit Union

Indianapolis, IN
Tax-exempt since May 1969
EIN: 35-0779057

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$122M (2023)

Expenses

$96.1M (2023)

Total Assets

$2.06B (2023)

Total Liabilities

$1.82B (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$121,977,660

Expenses

$96,142,707

Net Income

$25,834,953

Net Assets

$241,213,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$112,801,879	92.5%
Investment Income	$6,684,806	5.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,122
Net Fundraising	$0
Sales of Assets	$364,891	0.3%
Net Inventory Sales	$0
Other Revenue	$2,127,206	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,635,028	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$27,151,819	28.2%

Assets/Debt
Total Assets	$2,061,308,465
Total Liabilities	$1,820,094,884
Net Assets	$241,213,581

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$665,136	$0	$65,626
Jeffry Welch (Chief Financial Officer)	$389,185	$0	$35,074
Benjamen Banks (Financial Advisor Pcg)	$373,176	$0	$67,667
Jennifer Budreau (Chief Operating Officer)	$351,104	$0	$26,930
Cameron Piercefield (Chief Technology And Risk Officer)	$349,455	$0	$41,111
Charles Andrew Mattingly (Chief Operating Officer)	$343,333	$0	$65,857
Jim Carr (Senior Vice President Commercial & Investment Services)	$294,574	$0	$49,469
Michelle Adrian (Mortgage Originator)	$288,101	$0	$29,404
Tammy Marrs (Financial Advisor)	$275,829	$0	$57,846
Andrew Spirrison (Chief Member Experience Officer)	$227,989	$0	$61,878
Christopher Ferguson (Vice President Consumer Lending)	$213,429	$0	$40,246
Jodee Curtis (Director)	$6,358	$0	$0
Kelly Wilson (Director)	$4,250	$0	$0
Kevin Hunt (Chairman)	$946	$0	$0
Rick Rambo (Treasurer)	$796	$0	$0
Tracy Mills (Vice Chairman)	$0	$0	$0
Chris Hagenow (Secretary)	$0	$0	$0
Lori Winkler (Director)	$0	$0	$0
Donna Wilkinson (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0

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990

Filed on Nov. 8, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$95,569,110

Expenses

$74,186,755

Net Income

$21,382,355

Net Assets

$222,151,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$90,365,155	94.6%
Investment Income	$2,329,170	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$117,141	0.1%
Net Fundraising	$0
Sales of Assets	$711,411	0.7%
Net Inventory Sales	$0
Other Revenue	$2,046,233	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,834,793	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,692,215	33.3%

Assets/Debt
Total Assets	$1,997,992,008
Total Liabilities	$1,775,840,505
Net Assets	$222,151,503

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffry Welch (Chief Financial Officer)	$984,532	$0	$34,612
Douglas True (Chief Executive Officer)	$633,726	$0	$66,539
Benjamen Banks (Financial Advisor Pcg)	$386,336	$0	$62,902
Michelle Adrian (Mortgage Originator)	$332,738	$0	$27,968
Jennifer Budreau (Chief Operating Officer)	$326,329	$0	$45,162
Cameron Piercefield (Chief Technology And Risk Officer)	$323,818	$0	$38,633
Charles Andrew Mattingly (Chief Operating Officer)	$314,567	$0	$58,259
Tammy Marrs (Financial Advisor)	$280,350	$0	$54,306
Jim Carr (Senior Vice President Commercial & Investment Services)	$279,722	$0	$46,137
Andrew Spirrison (Senior Vice President Member Experience)	$227,782	$0	$59,247
Rick Rambo (Treasurer)	$1,563	$0	$0
Chris Hagenow (Secretary)	$1,480	$0	$0
Kelly Wilson (Director)	$1,092	$0	$0
John Gallina (Director)	$848	$0	$0
Kevin Hunt (Chairman)	$834	$0	$0
Lori Winkler (Director)	$747	$0	$0
Tracy Mills (Vice Chairman)	$0	$0	$0
Jodee Curtis (Director)	$0	$0	$0
Donna Wilkinson (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$93,129,055

Expenses

$68,230,811

Net Income

$24,898,244

Net Assets

$201,347,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$89,438,617	96.0%
Investment Income	$1,073,732	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$80,230	0.1%
Net Fundraising	$0
Sales of Assets	$394,319	0.4%
Net Inventory Sales	$0
Other Revenue	$2,142,157	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,481,511	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,707,542	34.7%

Assets/Debt
Total Assets	$1,879,317,913
Total Liabilities	$1,677,970,043
Net Assets	$201,347,870

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Andrew Mattingly (Chief Operating Officer)	$763,504	$0	$39,164
Douglas True (Chief Executive Officer)	$593,913	$0	$63,422
Michelle Adrian (Mortgage Originator)	$507,842	$0	$24,186
Benjamen Banks (Financial Advisor Pcg)	$383,234	$0	$59,364
William Losh (Mortgage Originator)	$342,269	$0	$15,047
Russell Wagoner (Mortgage Originator)	$307,263	$0	$22,417
Jeffry Welch (Chief Financial Officer)	$305,511	$0	$39,187
Jennifer Budreau (Chief Operating Officer)	$298,541	$0	$43,356
Cameron Piercefield (Chief Technology And Risk Officer)	$296,284	$0	$37,766
Tammy Marrs (Financial Advisor)	$282,124	$0	$48,791
Rick Rambo (Treasurer)	$863	$0	$0
Kevin Hunt (Chairman)	$0	$0	$0
Tracy Mills (Vice Chairman)	$0	$0	$0
Jodee Curtis (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Chris Hagenow (Secretary)	$0	$0	$0
Kelly Wilson (Director)	$0	$0	$0
Lori Winkler (Director)	$0	$0	$0
Donna Wilkinson (Director)	$0	$0	$0

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990

Filed on Nov. 10, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$90,862,281

Expenses

$76,897,255

Net Income

$13,965,026

Net Assets

$176,399,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$87,655,053	96.5%
Investment Income	$1,032,096	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$38,925	0.0%
Net Fundraising	$0
Sales of Assets	$286,335	0.3%
Net Inventory Sales	$0
Other Revenue	$1,849,872	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,218,186	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,383,947	30.4%

Assets/Debt
Total Assets	$1,709,424,688
Total Liabilities	$1,533,025,029
Net Assets	$176,399,659

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$898,167	$0	$60,277
Michelle Adrian (Mortgage Originator)	$509,359	$0	$15,653
Russell Wagoner (Mortgage Originator)	$472,558	$0	$12,534
William Losh (Mortgage Originator)	$454,979	$0	$14,210
Benjamen Banks (Financial Advisor Pcg)	$358,940	$0	$59,264
Jeremy Flater (Mortgage Originator)	$347,490	$0	$25,887
Jennifer Budreau (Chief Operating Officer)	$283,556	$0	$43,044
Charles Andrew Mattingly (Chief Operating Officer)	$273,387	$0	$40,222
Jeffry Welch (Chief Financial Officer)	$271,996	$0	$42,638
Cameron Piercefield (Chief Technology And Risk Officer)	$269,896	$0	$35,003
Kevin Hunt (Chairman)	$0	$0	$0
Tracy Mills (Vice Chairman)	$0	$0	$0
Rick Rambo (Treasurer)	$0	$0	$0
Jodee Curtis (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Chris Hagenow (Secretary)	$0	$0	$0
Kelly Wilson (Director)	$0	$0	$0
Lori Winkler (Director)	$0	$0	$0
Donna Wilkinson (Director)	$0	$0	$0

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990

Filed on Nov. 8, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$84,015,212

Expenses

$74,283,719

Net Income

$9,731,493

Net Assets

$162,256,118

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$78,372,743	93.3%
Investment Income	$3,817,933	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$171,825
Net Fundraising	$0
Sales of Assets	$38,992	0.0%
Net Inventory Sales	$0
Other Revenue	$1,957,369	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,859,814	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,757,783	26.6%

Assets/Debt
Total Assets	$1,488,919,520
Total Liabilities	$1,326,663,402
Net Assets	$162,256,118

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$907,626	$0	$156,482
Jennifer Budreau (Chief Operating Officer)	$703,154	$0	$83,606
Benjamen Banks (Financial Advisor Pcg)	$353,614	$0	$58,434
Michael Peterson (Former Key Employee)	$314,808	$0	$0
Michelle Adrian (Mortgage Originator)	$296,016	$0	$15,240
Charles Andrew Mattingly (Chief Operating Officer)	$252,891	$0	$83,015
Jeffry Welch (Chief Financial Officer)	$250,565	$0	$86,193
Cameron Piercefield (Chief Technology And Risk Officer)	$248,032	$0	$73,403
Jim Carr (Vice President Commercial Group)	$233,318	$0	$40,508
Tammy Marrs (Financial Advisor Pcg)	$227,843	$0	$43,383
Russell Wagoner (Mortgage Originator)	$207,711	$0	$9,540
John Dierdorf (Chairman (Ended February 2019))	$7,500	$0	$0
John Gallina (Director)	$1,297	$0	$0
Jodee Curtis (Director)	$929	$0	$0
Kelly Wilson (Director)	$921	$0	$0
Max Fall (Director)	$881	$0	$0
Rick Rambo (Treasurer)	$880	$0	$0
Lori Winkler (Director)	$843	$0	$0
Kevin Hunt (Chairman)	$798	$0	$0
Chris Hagenow (Secretary)	$798	$0	$0
Tracy Mills (Vice Chairman)	$0	$0	$0
Donna Wilkinson (Director)	$0	$0	$0
Doreen Long (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$76,777,388

Expenses

$65,823,766

Net Income

$10,953,622

Net Assets

$152,291,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$71,449,542	93.1%
Investment Income	$2,812,875	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$107,378	0.1%
Net Fundraising	$0
Sales of Assets	-$41,535
Net Inventory Sales	$0
Other Revenue	$2,449,128	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,867,541	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,814,378	30.1%

Assets/Debt
Total Assets	$1,414,390,401
Total Liabilities	$1,262,098,409
Net Assets	$152,291,992

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$462,092	$0	$118,635
Benjamen Banks (Financial Advisor Pcg)	$342,714	$0	$36,275
Cameron Piercefield (Chief Technology And Risk Officer)	$269,121	$0	$68,699
Charles Andrew Mattingly (Chief Operating Officer)	$234,916	$0	$77,884
Jennifer Budreau (Chief Operating Officer)	$234,191	$0	$83,383
Jeffry Welch (Chief Financial Officer)	$233,142	$0	$81,047
Jim Carr (Vice President Commerical Group)	$214,583	$0	$35,853
Tammy Marrs (Financial Advisor Pcg)	$210,131	$0	$35,253
Michelle Adrian (Mortgage Originator)	$201,887	$0	$7,335
Jeffrey Owen (Vice President Technology)	$181,670	$0	$27,725
Rick Rambo (Treasurer)	$985	$0	$0
Doreen Long (Director)	$856	$0	$0
John Dierdorf (Chairman)	$853	$0	$0
Kevin Hunt (Vice Chairman)	$742	$0	$0
Tracy Mills (Secretary)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Christopher Hagenow (Director)	$0	$0	$0
Jodee Curtis (Director)	$0	$0	$0
Max Fall (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$71,470,986

Expenses

$61,571,504

Net Income

$9,899,482

Net Assets

$141,196,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$67,564,325	94.5%
Investment Income	$1,966,941	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$217,433
Net Fundraising	$0
Sales of Assets	$223,134	0.3%
Net Inventory Sales	$0
Other Revenue	$1,934,019	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,013,424	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,055,261	30.9%

Assets/Debt
Total Assets	$1,366,489,677
Total Liabilities	$1,225,292,702
Net Assets	$141,196,975

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffry Welch (Chief Financial Officer)	$448,930	$0	$67,004
Douglas True (Chief Executive Officer)	$436,423	$0	$135,234
Benjamen Banks (Financial Advisor Pcg)	$266,934	$0	$33,335
Jennifer Budreau (Chief Operating Officer)	$252,178	$0	$70,004
Charles Andrew Mattingly (Chief Operating Officer)	$242,426	$0	$69,334
Richard Ridenour (Vice President Pcg)	$234,555	$0	$35,047
Cameron Piercefield (Chief Technology And Risk Officer)	$225,302	$0	$56,641
Jim Carr (Vice President Commercial Group)	$194,212	$0	$35,135
Michelle Adrian (Mortgage Originator)	$178,667	$0	$7,747
Brian Crum (Vice President Lending)	$162,855	$0	$32,904
Sandra Hollingshead (Director)	$1,673	$0	$0
Max Fall (Vice Chairman)	$1,483	$0	$0
John Dierdorf (Chairman)	$1,449	$0	$0
Doreen Long (Director)	$1,417	$0	$0
Rick Rambo (Treasurer)	$1,296	$0	$0
Kevin Hunt (Director)	$700	$0	$0
Tracy Mills (Secretary)	$0	$0	$0
John Galllina (Director)	$0	$0	$0
Christopher Hagenow (Director)	$0	$0	$0

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990

Filed on Nov. 8, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$62,652,523

Expenses

$57,682,415

Net Income

$4,970,108

Net Assets

$131,141,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,013,967	95.8%
Investment Income	$859,451	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$93,402
Net Fundraising	$0
Sales of Assets	$52,534	0.1%
Net Inventory Sales	$0
Other Revenue	$1,819,973	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,959,031	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,564,863	30.5%

Assets/Debt
Total Assets	$1,303,547,575
Total Liabilities	$1,172,405,985
Net Assets	$131,141,590

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Andrew Mattingly (Chief Operating Officer)	$437,344	$0	$65,568
Douglas True (Chief Executive Officer)	$416,629	$0	$131,365
Jennifer Budreau (Chief Operating Officer)	$246,958	$0	$69,540
Jeffry Welch (Chief Financial Officer)	$237,624	$0	$69,011
Richard Ridenour (Vice President Pcg)	$233,579	$0	$34,320
Benjamen Banks (Financial Advisor Pcg)	$231,010	$0	$31,180
Cameron Piercefield (Chief Technology And Risk Officer)	$220,655	$0	$55,035
Michelle Adrian (Mortgage Originator)	$201,608	$0	$10,027
Lisa Garvey (Mortgage Originator)	$194,202	$0	$32,264
Jim Carr (Vice President Commercial Group)	$193,098	$0	$34,241
Doreen Long (Director)	$1,722	$0	$0
Rick Rambo (Treasurer)	$1,522	$0	$0
Sandra Hollingshead (Director)	$1,470	$0	$0
Max Fall (Vice Chairman)	$1,009	$0	$0
Tracy Mills (Secretary)	$700	$0	$0
John Dierdorf (Chairman)	$700	$0	$0
Kevin Hunt (Director)	$700	$0	$0
Christopher Hagenow (Director)	$700	$0	$0
John Gallina (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$57,315,369

Expenses

$51,754,161

Net Income

$5,561,208

Net Assets

$126,060,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,419,868	94.9%
Investment Income	$556,214	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$98,366
Net Fundraising	$0
Sales of Assets	$746,015	1.3%
Net Inventory Sales	$0
Other Revenue	$1,691,638	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,083,043	4.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,097,569	31.1%

Assets/Debt
Total Assets	$1,115,079,053
Total Liabilities	$989,018,486
Net Assets	$126,060,567

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$946,682	$0	$67,780
Jennifer Budreau (Chief Operating Officer)	$238,439	$0	$40,813
Charles Andrew Mattingly (Chief Operating Officer)	$229,090	$0	$49,708
Jeffry Welch (Chief Financial Officer)	$228,105	$0	$50,186
Cameron Piercefield (Chief Technology And Risk Officer)	$203,929	$0	$23,126
Wendy Mcclellan (Mortgage Originator)	$193,903	$0	$0
Richard Ridenour (Vice President Pcg)	$193,141	$0	$33,891
Jim Carr (Vice President Commercial Group)	$186,785	$0	$48,684
Benjamen Banks (Financial Advisor)	$185,164	$0	$46,332
Michael Peterson (Senior Vice President Private Client Group)	$180,276	$0	$31,505
Jim Jarzynski (Vice President Collections)	$164,932	$0	$42,195
Tracy Mills (Secretary)	$1,202	$0	$0
Rick Rambo (Treasurer)	$956	$0	$0
Max Fall (Vice Chairman)	$645	$0	$0
John Dierdorf (Chairman)	$608	$0	$0
Doreen Long (Director)	$0	$0	$0
Kevin Hunt (Director)	$0	$0	$0
Sandra Hollingshead (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Christopher Hagenow (Director)	$0	$0	$0

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990

Filed on Oct. 28, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$52,874,273

Expenses

$46,783,632

Net Income

$6,090,641

Net Assets

$120,395,504

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,713,438	95.9%
Investment Income	$978,005	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$92,884
Net Fundraising	$0
Sales of Assets	$39,263	0.1%
Net Inventory Sales	$0
Other Revenue	$1,236,451	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,192,996	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,129,895	32.3%

Assets/Debt
Total Assets	$1,020,561,637
Total Liabilities	$900,166,133
Net Assets	$120,395,504

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Budreau (Chief Operating Officer)	$422,054	$0	$69,406
Douglas True (Chief Executive Officer)	$369,904	$0	$135,790
Michael Peterson (Chief Risk Officer)	$243,879	$0	$97,579
Charles Andrew Mattingly (Chief Operating Officer)	$223,642	$0	$68,384
Jeffry Welch (Chief Financial Officer)	$222,210	$0	$71,540
Cameron Piercefield (Chief Information Officer)	$181,562	$0	$49,379
Richard Ridenour (Vice President Pcg)	$181,341	$0	$18,471
Jim Carr (Vice President Commercial Group)	$179,701	$0	$38,776
Benjamen Banks (Financial Advisor)	$170,505	$0	$34,325
Wendy Mcclellan (Mortgage Originator)	$160,190	$0	$575
Andrew Spirrison (Vice President Retail Delivery)	$156,007	$0	$31,541
Sandra Hollingshead (Director)	$1,111	$0	$0
Rick Rambo (Treasurer)	$801	$0	$0
Tracy Mills (Secretary)	$0	$0	$0
Max Fall (Vice Chairman)	$0	$0	$0
John Dierdorf (Chairman)	$0	$0	$0
Doreen Long (Director)	$0	$0	$0
Kevin Hunt (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Christopher Hagenow (Director)	$0	$0	$0

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990

Filed on Nov. 9, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$51,756,966

Expenses

$47,669,073

Net Income

$4,087,893

Net Assets

$114,288,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,860,185	96.3%
Investment Income	$1,092,776	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$110,387
Net Fundraising	$0
Sales of Assets	-$327,663
Net Inventory Sales	$0
Other Revenue	$1,242,055	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,130,893	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,347,725	30.1%

Assets/Debt
Total Assets	$933,768,411
Total Liabilities	$819,479,820
Net Assets	$114,288,591

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas True (Chief Executive Officer)	$351,282	$0	$131,127
Michael Peterson (Chief Risk Officer)	$240,805	$0	$98,018
Jennifer Budreau (Chief Operating Officer)	$224,695	$0	$68,086
Charles Andrew Mattingly (Chief Operating Officer)	$215,998	$0	$69,045
Jeffry Welch (Chief Financial Officer)	$215,002	$0	$68,490
Jim Carr (Vice President Commercial Group)	$174,796	$0	$36,310
Cameron Piercefield (Chief Information Officer)	$168,575	$0	$48,733
Richard Ridenour (Vice President Pcg)	$166,332	$0	$15,900
Jim Jarzynski (Vice President Collections)	$156,551	$0	$30,861
Benjamen Banks (Financial Advisor)	$152,314	$0	$31,548
Wendy Mcclellan (Mortgage Originator)	$146,390	$0	$130
Max Fall (Vice Chairman)	$1,617	$0	$0
Rick Rambo (Treasurer)	$1,568	$0	$0
Sandra Hollingshead (Director)	$1,277	$0	$0
John Dierdorf (Chairman)	$1,120	$0	$0
Doreen Long (Director)	$712	$0	$0
Tracy Mills (Secretary)	$0	$0	$0
Mark Mitchell (Director)	$0	$0	$0
Kevin Hunt (Director)	$0	$0	$0
John Gallina (Director)	$0	$0	$0
Christopher Hagenow (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$58,444,133

Expenses

$53,393,018

Net Income

$5,051,115

Net Assets

$95,632,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,184,205	97.8%
Investment Income	$700,099	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$29,625
Net Fundraising	$0
Sales of Assets	-$437,356
Net Inventory Sales	$0
Other Revenue	$1,026,810	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,321,507	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,748,233	20.1%

Assets/Debt
Total Assets	$909,399,428
Total Liabilities	$813,766,695
Net Assets	$95,632,733

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Forum Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $122M (2023)

Expenses $96.1M (2023)

Total Assets $2.06B (2023)

Total Liabilities $1.82B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$122M (2023)

Expenses

$96.1M (2023)

Total Assets

$2.06B (2023)

Total Liabilities

$1.82B (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004