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Nonprofiteer
← GO ENERGY FINANCIAL CREDIT UNION

Form 990 for tax year 2024

Filed by GO ENERGY FINANCIAL CREDIT UNION.

Totals

Total revenue
$8,207,124
Total expenses
$7,362,917
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,530,360
Investment income
$1,417,338
Other revenue
$1,259,426
Total assets, end of year
$141,741,569
Total liabilities, end of year
$127,614,978
Net assets or fund balances, end of year
$14,126,591
Program services expenses (Part IX)
$7,362,917
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,362,917

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $5,530,360 · related or exempt $5,530,360

  • 3 · Investment income

    total $1,417,338 · related or exempt $1,417,338

  • 11a · Other revenue: FEE INCOME

    total $1,131,951 · related or exempt $1,131,951

  • 11b · Other revenue: INSURANCE PRODUCT INCOME

    total $124,879 · unrelated business $124,879

  • 11c · Other revenue: ATM SERVICE CHARGES-NONMEMBER

    total $2,596 · unrelated business $2,596

  • 11e · Other revenue, total

    $1,259,426

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $322,791 · program services $322,791

  • 7 · Other salaries and wages

    total $1,791,385 · program services $1,791,385

  • 8 · Pension plan contributions

    total $325,618 · program services $325,618

  • 9 · Other employee benefits

    total $496,934 · program services $496,934

  • 10 · Payroll taxes

    total $161,207 · program services $161,207

  • 11b · Fees: legal

    total $3,129 · program services $3,129

  • 11c · Fees: accounting

    total $20,625 · program services $20,625

  • 12 · Advertising and promotion

    total $207,563 · program services $207,563

  • 13 · Office expenses

    total $255,601 · program services $255,601

  • 16 · Occupancy

    total $131,605 · program services $131,605

  • 17 · Travel

    total $85,021 · program services $85,021

  • 20 · Interest

    total $116,017 · program services $116,017

  • 22 · Depreciation, depletion and amortization

    total $214,062 · program services $214,062

  • 24a · Other expenses: PROFESSIONAL FEES

    total $1,595,140 · program services $1,595,140

  • 24b · Other expenses: DIVIDEND EXPENSE

    total $1,066,467 · program services $1,066,467

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $252,000 · program services $252,000

  • 24d · Other expenses: LOAN SERVICING

    total $205,166 · program services $205,166

  • 24e · All other expenses

    total $112,586 · program services $112,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,326,076 · end of year $855,310

  • 2 · Savings and temporary cash investments

    beginning of year $3,983,183 · end of year $1,744,193

  • 7 · Other notes and loans receivable

    beginning of year $96,359,675 · end of year $95,140,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,546 · end of year $407,633

  • 10a · Land, buildings and equipment: cost or other basis

    $5,615,485

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,919,778

  • 10c · Land, buildings and equipment, net

    beginning of year $3,325,907 · end of year $3,695,707

  • 13 · Investments: program-related

    beginning of year $36,591,507 · end of year $38,263,404

  • 15 · Other assets

    beginning of year $1,678,956 · end of year $1,634,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,210,295 · end of year $1,364,244

  • 24 · Unsecured notes and loans payable

    beginning of year $3,000,657

  • 25 · Other liabilities

    beginning of year $126,357,825 · end of year $126,250,734

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,847,073 · end of year $14,126,591

Mission and programs · 2024

Mission

WE ARE COMMITTED TO ENSURING YOU CAN DO MORE WITH YOUR MONEY AND OUR GOAL REMAINS TO HELP YOU TURN FINANCIAL GOALS INTO FANTASTIC REALITIES.

  • EXPENSES INCURRED FOR CREDIT UNION OPERATIONS AND MEMBERS.

    Expenses $7,362,917 · Revenue $5,530,360

As filed on the 2024 return.

Listed in Part VII

  • Mark Nofi

    CEO

    Total calculated
    $183,467
    From this org
    $183,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,467
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $183,467

  • Jeff Burney

    COO

    Total calculated
    $139,324
    From this org
    $139,324
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Johanna Gillispie

    VP OF EXPERI

    Total calculated
    $103,367
    From this org
    $103,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marilyn Clarke

    AVP OF LENDI

    Total calculated
    $101,153
    From this org
    $101,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Matt Brinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Greg Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tim Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Shaun Mock

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Amy Rouse

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tony Tucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • James Wright

    SEC/TRES

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202533219349318143

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