Quick charity verification for St Marys Bank (EIN: 20187390)
Verdict: St Marys Bank shows mixed signals
65/100Mission Score
$110.8MRevenue
$1.5BAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported on 990s for a large organization, raising transparency questions.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
Consistent revenue growth, from $34.7M in 2014 to $78.5M in 2023.
Significant asset growth, from $814.6M in 2014 to $1.49B in 2023.
Strong asset base relative to liabilities, indicating financial stability.
Spending Breakdown
How St Marys Bank allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 St Marys Bank
Is St Marys Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, St Marys Bank (EIN: 20187390) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is St Marys Bank a good charity to donate to?
St Marys Bank has a Mission Score of 65/100. Revenue: $110.8M. Assets: $1.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Marys Bank?
The Employer Identification Number (EIN) for St Marys Bank is 20187390. 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 St Marys Bank spend its money?
St Marys Bank allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Marys Bank's tax-exempt status?
You can verify St Marys Bank's tax-exempt status using EIN 20187390 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
St Marys Bank, despite being a large organization with over a billion dollars in assets, consistently reports 0% officer compensation in its IRS 990 filings. This is highly unusual for an organization of its size and financial activity, suggesting that the individuals in leadership roles are either not compensated or their compensation is reported under different categories, which could impact the clarity of its financial transparency. The organization has shown consistent growth in both revenue and assets over the past decade, with revenue increasing from $34.7 million in 2014 to $78.5 million in 2023, and assets growing from $814 million to nearly $1.5 billion in the same period. This indicates strong financial health and growth.
However, without a clear breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent reporting of 0% officer compensation, while potentially a positive for donor perception, raises questions about the completeness of compensation disclosures for key management personnel. Further investigation into the nature of its operations and how it classifies its expenses would be necessary to provide a more definitive assessment of its spending efficiency and overall transparency practices.