Quick charity verification for Hudson Valley Federal Credit Union (EIN: 141471439)
Verdict: Hudson Valley Federal Credit Union appears trustworthy
85/100Mission Score
$424.7MRevenue
$7.5BAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed executive compensation on 990 forms for an organization of this size.
Strengths
Significant asset growth from $6.47 billion in 2021 to $7.45 billion currently.
Strong revenue growth from $255.4 million in 2021 to $424.7 million currently.
Consistent reporting of 0% officer compensation on 990 forms, indicating potential efficiency or alternative compensation reporting.
NTEE code W61 (Credit Unions) aligns directly with its operational nature and mission.
Spending Breakdown
How Hudson Valley Federal Credit Union allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Hudson Valley Federal Credit Union
Is Hudson Valley Federal Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Hudson Valley Federal Credit Union (EIN: 141471439) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hudson Valley Federal Credit Union a good charity to donate to?
Hudson Valley Federal Credit Union has a Mission Score of 85/100. Revenue: $424.7M. Assets: $7.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hudson Valley Federal Credit Union?
The Employer Identification Number (EIN) for Hudson Valley Federal Credit Union is 141471439. 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 Hudson Valley Federal Credit Union spend its money?
Hudson Valley Federal Credit Union allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hudson Valley Federal Credit Union's tax-exempt status?
You can verify Hudson Valley Federal Credit Union's tax-exempt status using EIN 141471439 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
Hudson Valley Federal Credit Union (HVFCU) demonstrates robust financial health, with assets growing from $6.47 billion in 2021 to $7.45 billion currently, and revenue increasing significantly from $255.4 million in 2021 to $424.7 million. As a credit union, its primary purpose is to serve its members, and its NTEE code W61 (Credit Unions) aligns with this mission. The organization's spending efficiency is notable given its operational structure; in 2023, expenses were $311.8 million against revenues of $314.6 million, indicating a tight operational margin typical for a financial institution focused on member services rather than traditional 'program' spending. The consistent reporting of 0% officer compensation on its 990 forms is a significant transparency point, although it's important to note that credit unions often compensate executives through other means not always captured in this specific line item on a 990, as they are not traditional charities.