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QUALSTAR CREDIT UNION

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Public IRS 990 nonprofit record

QUALSTAR CREDIT UNION

EIN 91-6035907 · Arts, Culture & Humanities (A)

What they do

WE ARE A CREDIT UNION PROVIDING FINANCIAL PRODUCTS & SERVICES to MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$84.64spent for every $100 of revenueRevenue covered expenses this year.
$16.71in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $488,951 for MICHAEL G ELFSTROM (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$58,863,677
Expenses$49,819,511
Annual surplus $9,044,166 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$58,863,677
Expenses$49,819,511
Assets$832,351,744
Income$59,455,436
Grants given$81,250
Average grant$27,083
Stocks and bonds$169,296,333
Accounting fees$276,195
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MICHAEL G ELFSTROMPRESIDENT · 40 hrs/week $488,951Base $447,622 · Other $41,329
ROSHALLE DEARMENTSVP OF LENDING · 40 hrs/week $250,893Base $226,608 · Other $24,285
MICHAEL BISHOPSVP OF OPERATIONS · 40 hrs/week $243,819Base $210,124 · Other $33,695
JASON BALLVP OF IT · 40 hrs/week $229,784Base $203,000 · Other $26,784
LACINDA BLANCHETTEVP OF MEMBER ENGAGEMENT · 40 hrs/week $210,131Base $186,774 · Other $23,357
PATIENCE TENNISVP OF HR · 40 hrs/week $203,517Base $188,073 · Other $15,444
WILLIAM HANAFORDINVESTMENT ADVISOR · 40 hrs/week $156,981Base $142,992 · Other $13,989
CARLA PIZARRODIR. BUSINESS SOLUTIONS/AUDIT · 40 hrs/week $147,309Base $133,660 · Other $13,649
BROOK HAMILTONCFO · 40 hrs/week $71,549Base $68,586 · Other $2,963
MITCH JOHNSONBOARD CHAIRMAN · 4 hrs/week $2,857
ADE ARIWOOLABOARD MEMBER · 3 hrs/week $1,906
TRACY OSTERBOARD MEMBER · 3 hrs/week $1,687

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

MICHAEL G ELFSTROMPRESIDENT

ROSHALLE DEARMENTSVP OF LENDING

MICHAEL BISHOPSVP OF OPERATIONS

JASON BALLVP OF IT

LACINDA BLANCHETTEVP OF MEMBER ENGAGEMENT

PATIENCE TENNISVP OF HR

WILLIAM HANAFORDINVESTMENT ADVISOR

CARLA PIZARRODIR. BUSINESS SOLUTIONS/AUDIT

BROOK HAMILTONCFO

MITCH JOHNSONBOARD CHAIRMAN

ADE ARIWOOLABOARD MEMBER

TRACY OSTERBOARD MEMBER

LEANNE CALIFANOBOARD VICE CHAIR

CHERYL SILVABOARD MEMBER

KIM BROWNBOARD MEMBER

DOUG SCOTTBOARD SECRETARY/TREASURER

KIM ZIERBOARD MEMBER (THRU 4/24)

NOEL MCMURTRAYBOARD MEMBER

RUSS DE WOLFEBOARD MEMBER

About this charity

Recognized since
January 1954
Location
24000 35TH AVE SE 200, BOTHELL, WA 98021-8990
County
King
In care of
MICHAEL G ELFSTROM
Primary officer
MICHAEL G ELFSTROM, PRESIDENT/CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BAKER TILLY ADVISORY GROUP LP
NTEE classification
Arts, Culture & Humanities (A)
IRS tax category
Arts, Culture & Humanities
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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