Tropical Financial Credit Union
Miramar, FL · EIN 59-0637653 · Rank 8,344 by total revenue
Tropical financial credit union is a not-for-profit financial cooperative providing member owners with valuable products, services & education to help them achieve their goals.
Money, Form 990 for tax year 2024
- Total revenue
- $59,909,438
- Total expenses
- $62,509,393
- Total assets
- $983,932,608
- Salary base (all salaries and wages)
- $14,399,429
- Salaries, other pay and benefits
- $18,039,115
- Employees
- 229
- Salary base per employee
- $62,880
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (15)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Richard Shaw | COO/CEO | Officer | 40 | $471,005 |
| Jennifer Farrington | CONTROLLER/VP OF FINANCE | Officer | 40 | $199,485 |
| Mike Perez | CHAIR | Board, Officer | 1 | $3,356 |
| Barabara Cruit | VICE CHAIR | Board, Officer | 1 | None reported |
| Hilda Geer | SECRETARY/TREASURER | Board, Officer | 1 | None reported |
| Brian Burress | VP OF MEMBER RELATIONS | Key employee | 40 | $224,788 |
| Roberto Salamanca | VP OF IT | Key employee | 40 | $214,018 |
| Alfredo Goenaga | VP OF ADMIN | Key employee | 40 | $200,380 |
| Elizabeth Jimenez | VP OF HUMAN RESOURCES | Key employee | 40 | $200,294 |
| Mario Martinez | DIRECTOR | Board | 1 | $10,053 |
| James Donohue | DIRECTOR | Board | 1 | $8,791 |
| Rick Wisniewski | DIRECTOR | Board | 1 | $7,688 |
| Maria Reyes | DIRECTOR | Board | 1 | $5,996 |
| Jose Belaustegui | DIRECTOR | Board | 1 | $5,594 |
| Betty Diamond | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $2,266,537, which is 15.7% of the $14,399,429 salary base shared by 229 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Richard Shaw | COO/CEO | Officer | 40 | $422,001 | $0 | $49,004 | $471,005 |
| Brian Burress | VP OF MEMBER RELATIONS | Key employee | 40 | $187,751 | $0 | $37,037 | $224,788 |
| Roberto Salamanca | VP OF IT | Key employee | 40 | $178,326 | $0 | $35,692 | $214,018 |
| Amy McGraw | FORMER VP OF MARKETING | Former | 40 | $195,741 | $0 | $16,154 | $211,895 |
| Alfredo Goenaga | VP OF ADMIN | Key employee | 40 | $164,675 | $0 | $35,705 | $200,380 |
| Elizabeth Jimenez | VP OF HUMAN RESOURCES | Key employee | 40 | $176,763 | $0 | $23,531 | $200,294 |
| Jennifer Farrington | CONTROLLER/VP OF FINANCE | Officer | 40 | $176,896 | $0 | $22,589 | $199,485 |
| Erick Padron | VP LENDING | Highly paid employee | 40 | $148,077 | $0 | $50,256 | $198,333 |
| Robert Smith | INFORMATION SECURITY OFFICER | Highly paid employee | 40 | $151,070 | $0 | $26,645 | $177,715 |
| Diane Mastay | MORTGAGE DIRECTOR | Highly paid employee | 40 | $146,216 | $0 | $22,408 | $168,624 |
Sources
- IRS e-file return 202513009349302451 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 59-0637653
- Organization website (as filed): www.tropicalfcu.org