Quick charity verification for Northeast Credit Union (EIN: 20222930)
Verdict: Northeast Credit Union shows mixed signals
40/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths
Red Flags
Consistent reporting of $0 for officer compensation despite significant assets and revenue, raising transparency concerns.
Lack of detailed expense breakdown (program, admin, fundraising) prevents a full assessment of spending efficiency.
Strengths
Consistent revenue growth, with 2022 revenue at $83,517,105.
Strong asset base, reaching $1,893,357,956 in 2022, indicating financial stability.
Positive net income (revenue exceeding expenses) across all reported periods, demonstrating operational health.
Spending Breakdown
How Northeast Credit Union allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
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 Northeast Credit Union
Is Northeast Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Credit Union (EIN: 20222930) shows mixed signals. Mission Score: 40/100. 2 red flags identified, 3 strengths noted.
Is Northeast Credit Union a good charity to donate to?
Northeast Credit Union has a Mission Score of 40/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Credit Union?
The Employer Identification Number (EIN) for Northeast Credit Union is 20222930. 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 Northeast Credit Union spend its money?
Northeast Credit Union allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Credit Union's tax-exempt status?
You can verify Northeast Credit Union's tax-exempt status using EIN 20222930 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
Northeast Credit Union, despite being a large financial institution with over $1.8 billion in assets in 2022, consistently reports $0 in officer compensation across all available IRS 990 filings. This is highly unusual for an organization of its size and operational complexity, suggesting that executive compensation may be reported in a manner not captured under the 'Officer Comp' field on the 990, or that the organization operates under a unique compensation structure. The consistent reporting of $0 for officer compensation raises questions about the completeness of the financial picture presented through the 990s regarding executive pay.
The organization demonstrates consistent revenue generation, with 2022 revenue at $83,517,105 and expenses at $70,656,715. This indicates a healthy operational surplus. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The significant asset base and consistent revenue growth over the past decade suggest financial stability, but the lack of transparency around executive compensation is a notable concern for a nonprofit financial analysis.