Is Northwest Federal Credit Union…

Quick charity verification for Northwest Federal Credit Union Foundation (EIN: 202945601)

Strengths

Consistently reports 0% officer compensation, maximizing program impact.
Strong program spending ratio, indicating efficient use of funds.
Healthy and growing asset base, demonstrating financial stability (e.g., assets grew from $666,813 in 2014 to $1,874,219 currently).
Low liabilities across all filing periods, reflecting sound financial management.
Consistent IRS 990 filings over 13 periods, indicating strong transparency.

Spending Breakdown

How Northwest Federal Credit Union Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Northwest Federal Credit Union Foundation

Is Northwest Federal Credit Union Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Northwest Federal Credit Union Foundation (EIN: 202945601) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Northwest Federal Credit Union Foundation a good charity to donate to?

Northwest Federal Credit Union Foundation has a Mission Score of 95/100. Revenue: $469K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northwest Federal Credit Union Foundation?

The Employer Identification Number (EIN) for Northwest Federal Credit Union Foundation is 202945601. 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 Northwest Federal Credit Union Foundation spend its money?

Northwest Federal Credit Union Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northwest Federal Credit Union Foundation's tax-exempt status?

You can verify Northwest Federal Credit Union Foundation's tax-exempt status using EIN 202945601 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

The Northwest Federal Credit Union Foundation demonstrates consistent financial health and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has shown steady growth in both revenue and assets, with its latest reported revenue at $468,870 and assets at $1,874,219. The foundation consistently spends a significant portion of its expenses on program services, indicating efficient use of funds towards its charitable goals. For example, in 2023, expenses were $254,289 against revenue of $376,294, showing a healthy surplus that contributes to asset growth.

The organization's spending efficiency is commendable, with a high percentage of total expenses directed towards programs. This is further supported by the fact that no officer compensation has been reported across all available filings, suggesting that administrative costs are kept very low, likely supported by the parent credit union. This structure inherently boosts the efficiency of donor dollars. The foundation's liabilities have remained minimal, consistently below $10,000 in recent years, which is a positive indicator of financial stability and responsible management.

Transparency is also a strong point for the Northwest Federal Credit Union Foundation. The consistent filing of IRS Form 990s over 13 periods, with detailed financial information, allows for clear public scrutiny of its operations. The absence of reported officer compensation across all filings enhances its transparency and demonstrates a commitment to directing resources to its programs rather than executive salaries. The steady growth in assets, from $666,813 in 2014 to $1,874,219 currently, reflects sound financial stewardship and the ability to build reserves for future program expansion.

Is Northwest Federal Credit Union Foundation Legit?

Verdict: Northwest Federal Credit Union Foundation appears trustworthy