Innovations Financial Credit Union
Panama City, FL · EIN 59-0706843 · Public and societal benefit · Rank 13,077 by total revenue
To enrich the financial lives of our members, team members, and the communities we serve.
Money, Form 990 for tax year 2024
- Total revenue
- $35,305,173
- Total expenses
- $32,767,483
- Total assets
- $615,037,932
- Salary base (all salaries and wages)
- $8,094,259
- Salaries, other pay and benefits
- $10,413,594
- Employees
- 112
- Salary base per employee
- $72,270
"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 (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| David Southall | PRESIDENT/CEO | Officer | 40 | $523,848 |
| Michael Gladden | EVP/COO | Officer | 40 | $482,413 |
| Jeremy Hinton | SVP/CFO | Officer | 40 | $391,913 |
| Daniel Chaplik | DIRECTOR OPERATIONS/LENDING/COLLECTIONS/FACILITIES | Key employee | 40 | $294,434 |
| Charles Powell | DIRECTOR BUSINESS & MORTGAGE LENDING | Key employee | 40 | $287,985 |
| Kenneth Mitchell | MARKET LEADER- NORTHERN PANHANDLE REGION | Key employee | 40 | $260,800 |
| Craig Ellis | BOARD CHAIR | Board | 1 | None reported |
| Nancy Luther | BOARD VICE CHAIR | Board | 1 | None reported |
| Joshua Scribner | BOARD SECRETARY | Board | 1 | None reported |
| Kristopher McLane | BOARD TREASURER | Board | 1 | None reported |
| Rob Fernandez | BOARD DIRECTOR | Board | 1 | None reported |
| Ken White | BOARD DIRECTOR | Board | 1 | None reported |
| Anita Borughton | BOARD DIRECTOR | Board | 1 | None reported |
| Kim Johns | BOARD DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $2,974,007, which is 36.7% of the $8,094,259 salary base shared by 112 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| David Southall | PRESIDENT/CEO | Officer | 40 | $468,245 | $0 | $55,603 | $523,848 |
| Michael Gladden | EVP/COO | Officer | 40 | $405,544 | $0 | $76,869 | $482,413 |
| Jeremy Hinton | SVP/CFO | Officer | 40 | $323,155 | $0 | $68,758 | $391,913 |
| Daniel Chaplik | DIRECTOR OPERATIONS/LENDING/COLLECTIONS/FACILITIES | Key employee | 40 | $241,988 | $0 | $52,446 | $294,434 |
| Charles Powell | DIRECTOR BUSINESS & MORTGAGE LENDING | Key employee | 40 | $234,987 | $0 | $52,998 | $287,985 |
| Kenneth Mitchell | MARKET LEADER- NORTHERN PANHANDLE REGION | Key employee | 40 | $219,158 | $0 | $41,642 | $260,800 |
| Angelia Burnett | DIRECTOR PROJECTS | Highly paid employee | 40 | $173,822 | $0 | $43,012 | $216,834 |
| Robert Guice | IT DIRECTOR | Highly paid employee | 40 | $150,314 | $0 | $25,956 | $176,270 |
| Ruth Parker | MARKETING DIRECTOR | Highly paid employee | 40 | $145,590 | $0 | $27,128 | $172,718 |
| Jonathan Smiley | BUSINESS LENDING MANAGER | Highly paid employee | 40 | $133,371 | $0 | $33,421 | $166,792 |
Sources
- IRS e-file return 202523219349324902 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 59-0706843
- Organization website (as filed): www.innovationsfcu.org/