Quick charity verification for Heritage Financial Credit Union (EIN: 141348251)
Verdict: Heritage Financial Credit Union appears trustworthy
85/100Mission Score
$46.0MRevenue
$731.0MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation for transparency.
Strengths
Consistent revenue growth from $27.5M in 2021 to $39.4M in 2023.
Strong asset growth from $534.8M in 2021 to $711.9M in 2023.
Positive net income in all reported periods, indicating financial stability and effective expense management.
Healthy equity growth (Assets - Liabilities) over the three-year period.
Spending Breakdown
How Heritage Financial Credit Union allocates its funds across programs, administration, and fundraising.
89%
Program Spending
Healthy — majority goes to mission
11%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Heritage Financial Credit Union
Is Heritage Financial Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Financial Credit Union (EIN: 141348251) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Heritage Financial Credit Union a good charity to donate to?
Heritage Financial Credit Union has a Mission Score of 85/100. Revenue: $46.0M. Assets: $731.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Financial Credit Union?
The Employer Identification Number (EIN) for Heritage Financial Credit Union is 141348251. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Heritage Financial Credit Union spend its money?
Heritage Financial Credit Union allocates 89% to programs, 11% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Financial Credit Union's tax-exempt status?
You can verify Heritage Financial Credit Union's tax-exempt status using EIN 141348251 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Heritage Financial Credit Union demonstrates consistent growth in revenue and assets over the past three years, indicating a stable financial trajectory. With revenues increasing from $27.5 million in 2021 to $39.4 million in 2023, and assets growing from $534.8 million to $711.9 million in the same period, the organization appears to be expanding its operations and financial base. The consistent reporting of 0% officer compensation across all filings suggests a unique compensation structure or that executive compensation is not reported in this specific section, which could warrant further investigation for complete transparency. The organization's NTEE code W61 indicates it is a credit union, which operates differently from traditional charities in terms of 'program spending' as its primary function is financial services to members. Therefore, a direct comparison to typical nonprofit spending ratios for program, admin, and fundraising might not be entirely appropriate without understanding the specific operational costs inherent to a credit union model. However, the consistent positive net income (revenue minus expenses) across all years ($3.6 million in 2023, $5.0 million in 2022, $4.0 million in 2021) indicates sound financial management and an ability to cover operational costs.