Quick charity verification for Holy Rosary Regional Credit Union (EIN: 20272024)
Verdict: Holy Rosary Regional Credit Union appears trustworthy
85/100Mission Score
$20.6MRevenue
$423.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported on 990s for a large financial institution, warranting further inquiry into executive remuneration.
NTEE code listed as 'Unknown', hindering direct peer comparison and clear classification.
Strengths
Consistent and strong revenue growth, from $10.4M in 2014 to $20.6M in 2023.
Significant asset growth, from $206M in 2014 to $423M in 2023, indicating financial stability.
Positive net income consistently maintained, with expenses always below revenue.
Strong financial health and operational expansion over the past decade.
Spending Breakdown
How Holy Rosary Regional Credit Union allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Holy Rosary Regional Credit Union
Is Holy Rosary Regional Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Rosary Regional Credit Union (EIN: 20272024) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Holy Rosary Regional Credit Union a good charity to donate to?
Holy Rosary Regional Credit Union has a Mission Score of 85/100. Revenue: $20.6M. Assets: $423.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holy Rosary Regional Credit Union?
The Employer Identification Number (EIN) for Holy Rosary Regional Credit Union is 20272024. 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 Holy Rosary Regional Credit Union spend its money?
Holy Rosary Regional Credit Union allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holy Rosary Regional Credit Union's tax-exempt status?
You can verify Holy Rosary Regional Credit Union's tax-exempt status using EIN 20272024 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
Holy Rosary Regional Credit Union demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $10.4 million in 2014 to over $20.6 million in 2023, indicating a healthy expansion of its operations. The organization consistently maintains a positive net income, with assets growing significantly from $206 million to $423 million in the same period, suggesting strong financial management and accumulation of capital. Liabilities have also grown proportionally, reflecting the nature of a credit union's operations where deposits are liabilities.
Spending efficiency appears sound, as expenses consistently remain below revenue, allowing for asset growth. The organization reports 0% officer compensation across all filings, which is a notable aspect of its financial structure, indicating that its leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for complete transparency. Given its structure as a credit union, its 'program' spending would primarily relate to member services, loan provisions, and operational costs associated with its financial mission.
Transparency is generally good through its consistent 990 filings. However, the lack of reported officer compensation on the 990s for an organization of this size and complexity could be a point of inquiry for a deeper understanding of its executive remuneration practices. The NTEE code being 'Unknown' also limits a direct comparison to peer organizations, but its financial health metrics are robust.