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Magnifi Financial Credit Union

  • Melrose, MN
  • Tax-exempt since Sept. 1944
  • EIN: 41-0705136

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$129M (2023)

Expenses
$109M (2023)

Total Assets
$2.34B (2023)

Total Liabilities
$2.09B (2023)

Source: Form 990 tax filings from 2013 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$128,720,153
Expenses
$108,628,019
Net Income
$20,092,134
Net Assets
$240,919,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $108,343,781
84.2%
Investment Income $6,223,474
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $814,922
0.6%
Net Inventory Sales $0
Other Revenue $13,337,976
10.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,433,394
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $28,503,295
26.2%
Assets/Debt
Total Assets $2,335,249,765
Total Liabilities $2,094,330,067
Net Assets $240,919,698
Compensation
Key Employees and Officers Compensation Related Other
Charles Friederichs (Chief Executive Officer) $962,577 $0 $96,240
Neal Kaderabek (Chief Digital/Info Officer) $538,983 $0 $43,753
Ross Bloomquist (Chief Experience Officer) $441,406 $0 $50,440
Stephanie Mayers (Financial Advisor) $386,323 $0 $72,134
Nancy Roske (Chief Admin Officer) $366,285 $0 $82,388
Greg Misterman (Chief Credit Officer) $333,557 $0 $82,675
Daniel Schreiner (Commercial Banking Officer) $329,464 $0 $67,279
Nicholas Rahrich (Vp Comm Banking/Cbo) $315,420 $0 $66,254
Theresa Tschumperlin (Cuso Ceo) $306,797 $0 $44,221
Andrea Kraska (Chief Operations Officer) $300,793 $0 $68,672
Michael Schwieters (Financial Advisor) $282,746 $0 $60,638
Matt Noska (Chief People Officer) $255,589 $0 $56,509
Dean Dirkes (Svp Commercial Banking) $250,161 $0 $76,428
Gary Meyer (Svp Retail Banking) $247,934 $0 $78,800
Brad Shafton (Svp Of Digital And It) $231,933 $0 $45,990
Rachel Endrizzi (Svp Marketing) $223,883 $0 $57,274
Jenn Hengel (Svp Of Project Mgmt) $199,561 $0 $51,591
Janelle Borgmann (Svp Finance) $174,092 $0 $64,864
Marty Mahowald (Vice Chairperson) $9,225 $0 $0
Steve Danzl (Chairperson) $7,700 $0 $0
Marvin Hinnenkamp (Director) $7,050 $0 $0
Lori Nelson (Director) $6,203 $0 $0
Mark Meyer (Director) $5,913 $0 $0
Fred Fleischhacker (Director) $5,800 $0 $0
Luke Godzala (Secretary) $4,950 $0 $0
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990
Filed on July 11, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,403,819
Expenses
$72,413,903
Net Income
$14,989,916
Net Assets
$216,555,060
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,484,430
81.8%
Investment Income $3,757,590
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $292,256
0.3%
Net Inventory Sales $0
Other Revenue $11,869,543
13.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,853,778
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $26,557,080
36.7%
Assets/Debt
Total Assets $2,123,114,393
Total Liabilities $1,906,559,333
Net Assets $216,555,060
Compensation
Key Employees and Officers Compensation Related Other
Charles Friederichs (Chief Executive Officer) $822,773 $0 $87,042
Neal Kaderabek (Chief Digital/Info Officer) $594,126 $0 $49,364
Stephanie Mayers (Financial Advisor) $351,044 $0 $65,848
Nancy Roske (Chief Admin Officer) $342,405 $0 $77,643
Michael Schwieters (Financial Advisor) $310,784 $0 $57,638
Greg Misterman (Svp Of Credit) $292,130 $0 $40,206
Chris Stanley (Commercial Banking Officer) $261,427 $0 $59,174
Andrea Kraska (Svp Banking Ops) $234,063 $0 $60,347
Dean Dirkes (Svp Commercial Banking) $233,082 $0 $69,335
Gary Meyer (Svp Retail Banking) $231,191 $0 $70,137
Matt Noska (Svp Of Human Resources) $221,207 $0 $47,328
Theresa Tschumperlin (Cuso Ceo) $204,959 $0 $23,066
Brad Shafton (Vp Of It) $193,840 $0 $41,573
Jenn Hengel (Svp Of Project Mgmt) $173,678 $0 $43,865
Ross Bloomquist (Chief Experience Officer) $68,936 $0 $15,050
Marvin Hinnenkamp (Director) $5,975 $0 $0
Mark Meyer (Chairperson) $5,513 $0 $0
Steve Danzl (Vice Chairperson) $5,425 $0 $0
Fred Fleischhacker (Director) $5,225 $0 $0
James Gondringer (Director) $4,050 $0 $0
Luke Godzala (Director) $2,700 $0 $0
Marty Mahowald (Director) $2,112 $0 $0
Lori Nissen (Director) $0 $0 $0
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990
Filed on Nov. 15, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,975,601
Expenses
$61,813,507
Net Income
$17,162,094
Net Assets
$210,623,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,211,941
82.6%
Investment Income $1,945,752
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$186,576
Net Inventory Sales $0
Other Revenue $12,004,484
15.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,970,565
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $23,702,624
38.3%
Assets/Debt
Total Assets $1,639,292,297
Total Liabilities $1,428,669,177
Net Assets $210,623,120
Compensation
Key Employees and Officers Compensation Related Other
Charles Friederichs (Chief Executive Officer) $745,845 $0 $82,927
Neal Kaderabek (Chief Digital/Info Officer) $368,840 $0 $50,551
Nancy Roske (Chief Admin Officer) $319,946 $0 $66,866
Stephanie Mayers (Financial Advisor) $293,414 $0 $56,404
Greg Misterman (Svp Of Credit) $271,581 $0 $36,906
Michael Schwieters (Financial Advisor) $224,572 $0 $60,586
Gary Meyer (Svp Retail Banking) $218,126 $0 $62,889
Dean Dirkes (Svp Commercial Banking) $216,899 $0 $66,645
Andrea Kraska (Svp Banking Ops) $195,720 $0 $56,162
Matt Noska (Svp Of Human Resources) $194,442 $0 $27,439
Scott Eveslage (Vp Marketing) $169,525 $0 $35,568
Andy Welle (Vp Commercial Banking) $167,374 $0 $46,515
Brad Shafton (Vp Of It) $165,787 $0 $38,122
Mark Meyer (Chairperson) $7,013 $0 $0
Steve Danzl (Vice Chairperson) $5,875 $0 $0
Marvin Hinnenkamp (Director) $5,850 $0 $0
Fred Fleischhacker (Director) $5,200 $0 $0
Marty Mahowald (Director) $5,063 $0 $0
James Gondringer (Director) $4,654 $0 $0
Luke Godzala (Director) $3,100 $0 $0
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990
Filed on Oct. 4, 2022

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

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,850,818
Expenses
$62,900,631
Net Income
$11,950,187
Net Assets
$198,160,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,827,732
85.3%
Investment Income $2,467,706
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$108,329
Net Inventory Sales $0
Other Revenue $8,663,709
11.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,709,726
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,453,374,392
Total Liabilities $1,255,213,711
Net Assets $198,160,681
Compensation
Key Employees and Officers Compensation Related Other
Charles Friederichs (Chief Executive Officer) $664,315 $0 $79,476
Al Doering (Chief Credit Officer) $288,333 $0 $68,540
Neal Kaderabek (Chief Digital/Info Officer) $276,573 $0 $55,943
Nancy Roske (Chief Admin Officer) $262,965 $0 $68,204
Stephanie Mayers (Financial Advisor) $258,348 $0 $66,297
Bernard Brixius (Coo) $209,292 $0 $21,300
Michael Schwieters (Financial Advisor) $207,397 $0 $59,040
Gary Meyer (Svp Retail Banking) $201,878 $0 $57,293
Andrea Kraska (Svp Banking Ops) $187,969 $0 $51,280
Dean Dirkes (Svp Commercial Banking) $185,539 $0 $62,435
Greg Misterman (Svp Of Credit) $171,354 $0 $18,098
Andy Welle (Vp Commercial Banking) $164,890 $0 $44,806
Scott Eveslage (Vp Marketing) $162,283 $0 $38,069
Mark Meyer (Chairperson) $3,675 $0 $0
Steve Danzl (Vice Chairperson) $3,175 $0 $0
Marvin Hinnenkamp (Director) $2,988 $0 $0
James Gondringer (Director) $2,950 $0 $0
Fred Fleischhacker (Director) $2,675 $0 $0
Luke Godzala (Director) $1,850 $0 $0
Marty Mahowald (Director) $875 $0 $0
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990
Filed on Oct. 20, 2021

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

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,228,219
Expenses
$52,153,934
Net Income
$14,074,285
Net Assets
$186,127,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,034,769
83.1%
Investment Income $3,048,263
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $30,552
0.0%
Net Inventory Sales $0
Other Revenue $8,114,635
12.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $4,402,405
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $17,655,239
33.9%
Assets/Debt
Total Assets $1,201,921,676
Total Liabilities $1,015,793,987
Net Assets $186,127,689
Compensation
Key Employees and Officers Compensation Related Other
Nadine Rieland (Chief Human Resources Offi) $1,175,278 $0 $58,966
Bernard Brixius (Chief Administrative Officer) $1,095,350 $0 $67,077
Charles Friederichs (Chief Executive Officer) $815,802 $0 $75,864
Al Doering (Senior Vp Of Credit) $271,785 $0 $66,554
Stephanie Mayers (Financial Advisor) $246,405 $0 $60,918
Nancy Roske (Chief Administrative Officer) $216,047 $0 $64,623
Neal Kaderabek (Senior Vp Of Is And Technology) $213,266 $0 $41,481
Michael Schwieters (Financial Advisor) $186,753 $0 $55,871
Dean Dirkes (Vice President Of Commercial Banking) $173,790 $0 $41,000
Gary Meyer (Senior Vp Of Branch Admini) $170,499 $0 $63,825
Andy Welle (Vice President Of Commercial Banking) $150,500 $0 $45,010
Scott Eveslage (Vp Of Marketing) $147,784 $0 $34,703
Mark Meyer (Chairperson) $2,415 $0 $0
Marvin Hinnenkamp (Director) $2,227 $0 $0
Fred Fleischhacker (Director) $1,346 $0 $0
Steve Danzl (Vice Chairperson) $0 $0 $0
James Gondringer (Treasurer) $0 $0 $0
Luke Godzala (Director) $0 $0 $0
Marty Mahowald (Secretary) $0 $0 $0
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990
Filed on May 20, 2020

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

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,068,510
Expenses
$43,667,539
Net Income
$13,400,971
Net Assets
$169,176,605
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,888,665
83.9%
Investment Income $2,167,222
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$18,562
Net Inventory Sales $0
Other Revenue $7,031,185
12.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,953,385
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $16,043,229
36.7%
Assets/Debt
Total Assets $1,100,060,228
Total Liabilities $930,883,623
Net Assets $169,176,605
Other
Reported an excess benefit transaction
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $1,783,015 $0 $55,159
Bernard Brixius (Chief Operating Officer) $386,484 $0 $64,912
Charles Friederichs (Chief Executive Officer) $383,880 $0 $72,976
Nadine Rieland (Chief Human Resources Offi) $328,699 $0 $51,048
Al Doering (Senior Vp Of Credit) $266,095 $0 $65,762
Nancy Roske (Senior Vp Of Accounting) $209,729 $0 $60,036
Stephanie Mayers (Financial Advisor) $192,004 $0 $55,739
Dean Dirkes (Vice President Of Commercial Banking) $172,628 $0 $55,126
Gary Meyer (Senior Vp Of Branch Admini) $163,897 $0 $59,114
Scott Eveslage (Vp Of Marketing) $159,964 $0 $35,157
Andy Welle (Vice President Of Commercial Banking) $146,992 $0 $40,087
Jason Macdonald (Senior Vp Of Is & Technology) $140,107 $0 $23,955
Fred Fleischhacker (Chairperson) $1,302 $0 $0
Dennis Gregory (Director) $1,277 $0 $0
Marvin Hinnenkamp (Director) $0 $0 $0
Mark Meyer (Vice Chairperson) $0 $0 $0
Andrea Teal (Director) $0 $0 $0
Steve Danzl (Director) $0 $0 $0
James Mader (Director) $0 $0 $0
James Gondringer (Director) $0 $0 $0
Marty Mahowald (Director) $0 $0 $0
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990
Filed on May 15, 2019

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

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PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,224,859
Expenses
$40,743,473
Net Income
$10,481,386
Net Assets
$155,882,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,868,310
85.6%
Investment Income $1,439,979
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $159,120
0.3%
Net Inventory Sales $0
Other Revenue $5,757,450
11.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,022,953
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $16,257,359
39.9%
Assets/Debt
Total Assets $1,027,920,816
Total Liabilities $872,038,530
Net Assets $155,882,286
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $700,468 $0 $61,850
Bernard Brixius (Chief Administrative Officer) $371,148 $0 $62,086
Charles Friederichs (Chief Operations Officer) $346,403 $0 $66,106
Nadine Rieland (Chief Human Resources Offi) $319,696 $0 $50,223
Dean Goebel (Members Financial Advisor) $279,034 $0 $61,875
Al Doering (Sr Vp Of Credit) $257,742 $0 $58,110
Jason Macdonald (Senior Vp Of Information T) $203,738 $0 $52,862
Nancy Roske (Senior Vp Of Accounting) $198,337 $0 $55,152
Dean Dirkes (Vp Of Lending) $167,317 $0 $55,793
Gary Meyer (Senior Vp Of Branch Admini) $162,085 $0 $52,840
Scott Evelsage (Vp Of Marketing) $147,595 $0 $23,111
Melissa Gerads (Mortgage Lender) $128,918 $0 $46,856
Christopher Stanley (Commercial Lender) $127,440 $0 $39,696
Fred Fleischhacker (Chairperson) $1,174 $0 $0
James Mader (Director) $1,174 $0 $0
Mark Meyer (Vice Chairperson) $935 $0 $0
Marvin Hinnenkamp (Director) $824 $0 $0
Andrea Teal (Director) $0 $0 $0
Steve Danzl (Director) $0 $0 $0
James Gondringer (Director) $0 $0 $0
Dennis Gregory (Director) $0 $0 $0
Marty Mahowald (Director) $0 $0 $0
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990
Filed on May 15, 2018

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

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PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,311,756
Expenses
$38,109,263
Net Income
$9,202,493
Net Assets
$144,940,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,354,087
87.4%
Investment Income $1,242,029
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$228,167
Net Inventory Sales $0
Other Revenue $4,943,807
10.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,782,314
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $15,125,228
39.7%
Assets/Debt
Total Assets $960,051,216
Total Liabilities $815,110,578
Net Assets $144,940,638
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $661,432 $0 $45,368
Bernard Brixius (Chief Operating Officer) $360,146 $0 $48,460
Charles Friederichs (Chief Operations Officer) $338,835 $0 $46,187
Nadine Rieland (Chief Human Resources Offi) $296,129 $0 $30,737
Al Doering (Sr Vp Of Credit) $241,035 $0 $45,024
Dean Goebel (Members Financial Advisor) $234,113 $0 $39,401
Jason Macdonald (Senior Vp Of Information T) $203,885 $0 $39,230
Michael Wehlage (Senior Agricultural Lender) $196,889 $0 $42,111
Nancy Roske (Senior Vp Of Accounting) $179,462 $0 $37,342
Dean Dirkes (Vp Of Lending) $177,764 $0 $39,571
Gary Meyer (Senior Vp Of Branch Admini) $163,282 $0 $41,310
Doug Welle (Mortgage Lender) $136,092 $0 $20,880
Melissa Gerads (Mortgage Lender) $124,898 $0 $35,391
Susan Hecht (Director) $1,271 $0 $0
James Mader (Director) $1,175 $0 $0
Mark Meyer (Vice Chairperson) $1,008 $0 $0
Fred Fleischhacker (Chairperson) $996 $0 $0
Marvin Hinnenkamp (Director) $0 $0 $0
Andrea Teal (Director) $0 $0 $0
Steve Danzl (Director) $0 $0 $0
Thomas Homan (Director) $0 $0 $0
Marty Mahowald (Director) $0 $0 $0
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990
Filed on April 28, 2017

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

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PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,365,872
Expenses
$33,970,569
Net Income
$9,395,303
Net Assets
$135,793,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,792,799
89.5%
Investment Income $1,029,153
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$549,822
Net Inventory Sales $0
Other Revenue $4,093,742
9.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,169,579
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $13,113,210
38.6%
Assets/Debt
Total Assets $918,668,931
Total Liabilities $782,875,159
Net Assets $135,793,772
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $573,644 $0 $52,879
Bernard Brixius (Chief Administrative Officer) $308,399 $0 $50,266
Charles Friederichs (Chief Operations Officer) $287,395 $0 $55,194
Dean Goebel (Financial Advisor) $247,940 $0 $53,834
Nadine Rieland (Chief Human Resources Officer) $211,855 $0 $25,600
Jason Macdonald (Senior Vp Of Information Technology) $191,189 $0 $45,092
Michael Wehlage (Senior Special Assets Officer) $187,056 $0 $45,629
Dean Dirkes (Vp Of Lending) $169,351 $0 $45,020
Gary Meyer (Senior Vp Of Branch Administration) $153,532 $0 $46,807
Nancy Roske (Senior Vp Of Accounting) $132,111 $0 $28,343
Chris Stanley (Senior Commercial Lender) $109,603 $0 $28,517
Chad Van Beck (Sr Commercial Lender) $108,241 $0 $31,035
Chad Middendorf (Chairperson) $1,571 $0 $0
Mark Meyer (Director) $1,571 $0 $0
James Mader (Director) $1,571 $0 $0
Fred Fleischhacker (Director) $1,571 $0 $0
Susan Hecht (Director) $989 $0 $0
Marvin Hinnenkamp (Vice Chairperson) $0 $0 $0
Michele Rohe (Director) $0 $0 $0
Paul Evans (Director) $0 $0 $0
Fran Ramler (Director) $0 $0 $0
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990
Filed on May 10, 2016

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

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Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,070,356
Expenses
$31,632,894
Net Income
$12,437,462
Net Assets
$126,461,764
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,800,998
85.8%
Investment Income $891,912
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$467,174
Net Inventory Sales $0
Other Revenue $5,844,620
13.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,230,596
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $11,103,381
35.1%
Assets/Debt
Total Assets $856,455,313
Total Liabilities $729,993,549
Net Assets $126,461,764
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $534,766 $0 $42,167
Bernard Brixius (Chief Operating Officer) $295,402 $0 $40,114
Charles Friederichs (Chief Financial Officer) $278,965 $0 $41,703
Dean Goebel (Members Financial Advisor) $274,017 $0 $31,726
Michael Wehlage (Chief Credit Officer) $191,253 $0 $39,478
Nadine Rieland (Vp Of Human Resources) $185,746 $0 $15,760
Jason Macdonald (Vp Of Information Technolo) $184,181 $0 $35,239
Dean Dirkes (Vp Of Lending) $164,809 $0 $38,782
Gary Meyer (Vp Of Branch Administratio) $148,511 $0 $42,857
Chad Van Beck (Sr Commercial Lender) $112,152 $0 $22,681
Nancy Roske (Vp Of Accounting) $111,302 $0 $23,415
Andy Welle (Sr Agricultural Lender) $107,370 $0 $28,833
Bobby Gerads (Deposit Support Manager) $102,140 $0 $31,592
James Mader (Director) $1,864 $0 $0
Chad Middendorf (Chairperson) $1,588 $0 $0
Susan Hecht (Director) $1,475 $0 $0
Fred Fleischhacker (Director) $1,385 $0 $0
Michele Rohe (Director) $714 $0 $0
Paul Evans (Director) $270 $0 $0
Marvin Hinnenkamp (Vice Chairperson) $218 $0 $0
Mark Meyer (Director) $0 $0 $0
Fran Ramler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,546,426
Expenses
$30,202,539
Net Income
$8,343,887
Net Assets
$113,622,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,922,552
93.2%
Investment Income $623,623
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$869,968
Net Inventory Sales $0
Other Revenue $2,870,219
7.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,318,855
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $11,928,150
39.5%
Assets/Debt
Total Assets $758,951,788
Total Liabilities $645,329,430
Net Assets $113,622,358
Compensation
Key Employees and Officers Compensation Related Other
Richard Odenthal (Chief Executive Officer) $490,004 $0 $40,543
Bernard Brixius (Chief Operating Officer) $267,775 $0 $37,826
Charles Friederichs (Chief Financial Officer) $226,777 $0 $46,911
Michael Wehlage (Chief Credit Officer) $174,745 $0 $32,457
Jason Macdonald (Vp Of Information Technology) $165,519 $0 $33,792
Nadine Rieland (Vp Of Human Resources) $162,431 $0 $13,738
Dean Goebel (Members Financial Advisor) $159,445 $0 $36,170
Dean Dirkes (Vp Of Lending) $149,979 $0 $38,813
Gary Meyer (Vp Of Branch Administration) $135,780 $0 $39,627
Fred Fleischhacker (Director) $529 $0 $0
James Mader (Director) $374 $0 $0
Susan Hecht (Director) $280 $0 $0
Chad Middendorf (Chairperson) $257 $0 $0
Marvin Hinnenkamp (Vice Chairperson) $245 $0 $0
Paul Evans (Director) $132 $0 $0
Philip Osendorf (Director) $0 $0 $0
Michele Rohe (Director) $0 $0 $0
Fran Ramler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

990

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

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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 »

Byline

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