Consistent revenue growth, from $132M in 2011 to $212M in 2019.
Significant and growing asset base, reaching $3.8 billion in 2019, indicating strong financial stability.
Positive net income (Revenue > Expenses) in all reported periods, demonstrating financial sustainability.
Spending Breakdown
How Service 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 Service Credit Union
Is Service Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Service Credit Union (EIN: 20240752) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Service Credit Union a good charity to donate to?
Service Credit Union has a Mission Score of 70/100. Revenue: $212.7M. Assets: $3.8B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Service Credit Union?
The Employer Identification Number (EIN) for Service Credit Union is 20240752. 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 Service Credit Union spend its money?
Service Credit Union allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Service Credit Union's tax-exempt status?
You can verify Service Credit Union's tax-exempt status using EIN 20240752 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
Service Credit Union demonstrates consistent financial growth over the past decade, with revenue increasing from $132 million in 2011 to over $212 million in 2019. Its asset base has also expanded significantly, reaching $3.8 billion in 2019. As a credit union, its primary purpose is to serve its members, and the IRS 990 filings indicate a strong financial position. However, the provided data lacks a detailed breakdown of program service expenses versus administrative and fundraising costs, which is crucial for a comprehensive assessment of spending efficiency in a traditional nonprofit context. The 'Officer Comp=0%' across all filings suggests that executive compensation is either not reported on the 990-EZ/N or is structured in a way that doesn't appear as direct compensation on these forms, which could impact transparency if not clarified elsewhere.
Given the nature of a credit union, which operates on a not-for-profit basis to provide financial services to its members, the traditional metrics of 'program spending' as seen in a charitable organization are not directly applicable. The 'expenses' reported likely encompass operational costs, interest paid on deposits, and other costs associated with providing financial services. Without a detailed functional expense breakdown, it's challenging to assess efficiency in terms of charitable program delivery. The consistent growth in assets and revenue, alongside a stable liability ratio, indicates sound financial management for a financial institution.