90
Innovations Financial Credit Union
Public Benefit · Panama City, Florida
910 Thomas Drive, Panama City, FL 32408-7442
EIN: 590706843· Founded: Feb 2023· 3 years active· Filing Year: 2023
Annual Revenue
$26.7M
Total Expenses
$22.3M
Total Assets
$428.4M
Program Spending
84%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$1.1M
5.0% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$5.3M
Total Payroll
$6.4M
29% of total expenses
Where the Money Goes
84%
Programs: 84%
Payroll: 29%
Other overhead: 16%
Program Revenue$18.8M (70%)
Total Expenses$22.3M (84%)
Payroll$6.4M (29%)
Overhead (non-program)16%
Trust Score Breakdown
Program Spending Ratio
84% of expenses go to programs
Revenue & Stability
$26.7M annual revenue
Executive Compensation
$1.1M total officer comp (5.0% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$428.4M in assets
Similar Public Benefit Nonprofits in Florida
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.