Quick charity verification for Sunmark Credit Union (EIN: 141364933)
Verdict: Sunmark Credit Union appears trustworthy
75/100Mission Score
$141.0MRevenue
$1.1BAssets
1Red Flags
3Strengths
Red Flags
Unusually low (0%) reported officer compensation on 990 for a large organization, potentially indicating incomplete transparency on executive pay through this specific form.
Strengths
Consistent and significant asset growth, from $920 million in 2020 to over $1.15 billion in 2023.
Strong revenue growth, nearly doubling from $68 million in 2020 to $141 million in the latest period.
Healthy expense management, with expenses consistently lower than revenue (e.g., $67.5 million expenses vs. $72.8 million revenue in 2023).
Spending Breakdown
How Sunmark Credit Union allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Sunmark Credit Union
Is Sunmark Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Sunmark Credit Union (EIN: 141364933) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Sunmark Credit Union a good charity to donate to?
Sunmark Credit Union has a Mission Score of 75/100. Revenue: $141.0M. Assets: $1.1B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sunmark Credit Union?
The Employer Identification Number (EIN) for Sunmark Credit Union is 141364933. 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 Sunmark Credit Union spend its money?
Sunmark Credit Union allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sunmark Credit Union's tax-exempt status?
You can verify Sunmark Credit Union's tax-exempt status using EIN 141364933 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
Sunmark Credit Union, as a credit union, operates under a different financial model than traditional charities, which is reflected in its IRS 990 filings. The organization consistently reports zero officer compensation, which is unusual for a large entity with over a billion dollars in assets and tens of millions in revenue. This suggests that executive compensation may be reported differently or not through the 990, or that the organization's structure truly minimizes direct officer compensation as reported on this form. The consistent growth in assets, from $920 million in 2020 to over $1.15 billion in 2023, indicates strong financial health and expansion. Revenue has also shown a significant increase, nearly doubling from $68 million in 2020 to $141 million in the latest period, demonstrating robust operational activity and financial inflows.
The organization's expenses have also grown in line with its revenue, maintaining a healthy margin. For instance, in 2023, expenses were $67.5 million against $72.8 million in revenue, indicating efficient management of costs relative to income. The substantial liabilities, consistently over 90% of assets, are typical for a financial institution like a credit union, as they represent member deposits and other financial obligations. While the 990 provides a snapshot, a deeper understanding of a credit union's financial health would typically involve reviewing NCUA call reports and other banking-specific disclosures, as the 990 format doesn't fully capture the nuances of a financial cooperative's operations and member benefits.