TO PROVIDE FINANCIAL AND LENDING SERVICES TO INDIVIDUALS AND BUSINESSES LOCATED WITHIN THE COUNTIES OF BAY, HOLMES, WASHINGTON, JACKSON, CALHOUN, GULF, WALTON, OKALOOSA, FRANKLIN & LIBERTY LOCATED IN THE STATE OF FLORIDA.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
- Base
- $332k
- Bonus
- $91k
- Other
- $46k
- Benefits
- $4k
- Base
- $280k
- Bonus
- $65k
- Other
- $61k
- Benefits
- $25k
- Base
- $229k
- Bonus
- $54k
- Other
- $40k
- Benefits
- $19k
- Base
- $170k
- Bonus
- $37k
- Other
- $36k
- Benefits
- $15k
- Base
- $165k
- Bonus
- $37k
- Other
- $33k
- Benefits
- $16k
- Base
- $166k
- Bonus
- $35k
- Other
- $18k
- Benefits
- $8k
- Base
- $150k
- Bonus
- $17k
- Other
- $6k
- Benefits
- $18k
- Base
- $142k
- Bonus
- —
- Other
- $8k
- Benefits
- $3k
- Base
- $113k
- Bonus
- $16k
- Other
- $17k
- Benefits
- $5k
- Base
- $113k
- Bonus
- $13k
- Other
- $8k
- Benefits
- $13k
- Base
- $106k
- Bonus
- $11k
- Other
- $13k
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentilevs Public & Societal Benefit peers in Florida | $332k | $91k | $46k | $4k | $524k $556k |
Evp/coo Officer (Unspecified) | $280k | $65k | $61k | $25k | $482k $512k |
Svp/cfo Officer (Unspecified) | $229k | $54k | $40k | $19k | $392k $416k |
Director Operations/lending/collections/facilities Key Employee 75th to 90th percentile | $170k | $37k | $36k | $15k | $294k $312k |
Director Business & Mortgage Lending Key Employee 75th to 90th percentile | $165k | $37k | $33k | $16k | $288k $305k |
Market Leader- Northern Panhandle Region Key Employee Median to 75th percentile | $166k | $35k | $18k | $8k | $261k $277k |
Director Projects Highest Compensated Employee Median to 75th percentile | $150k | $17k | $6k | $18k | $217k $230k |
IT Director Chief Information Officer 25th percentile to median | $142k | — | $8k | $3k | $176k $187k |
Marketing Director Director (Operational) 75th to 90th percentile | $113k | $16k | $17k | $5k | $173k $183k |
Business Lending Manager Business Manager Median to 75th percentilevs all sectors nationwide | $113k | $13k | $8k | $13k | $167k $177k |
Senior Accountant Highest Compensated Employee 25th percentile to median | $106k | $11k | $13k | $2k | $151k $160k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 8 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at INNOVATIONS FINANCIAL CREDIT UNION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 18%
from 2023
From $442k in 2023 to $524k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 18% from 2023 to 2024, while revenue rose 32%.
- Highest Compensated Employee pay fell 1% from 2023 to 2024.
- Director (Operational) pay rose 17% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about INNOVATIONS FINANCIAL CREDIT UNION
What does the Chief Executive Officer of INNOVATIONS FINANCIAL CREDIT UNION earn?
In 2024, the Chief Executive Officer of INNOVATIONS FINANCIAL CREDIT UNION received $523,848 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at INNOVATIONS FINANCIAL CREDIT UNION compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations in Florida, the 2024 pay of the Chief Executive Officer at INNOVATIONS FINANCIAL CREDIT UNION falls in the top 10%. In 2024, the highest total compensation at INNOVATIONS FINANCIAL CREDIT UNION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are INNOVATIONS FINANCIAL CREDIT UNION's revenue and expenses?
In 2024, INNOVATIONS FINANCIAL CREDIT UNION reported $35.3M in total revenue and $32.8M in total expenses on its IRS Form 990.
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