Quick charity verification for Union County Economic Development Corp (EIN: 222155884)
Verdict: Union County Economic Development Corp appears trustworthy
75/100Mission Score
$6.0MRevenue
$26.8MAssets
1Red Flags
4Strengths
Red Flags
Consistent reporting of 0% compensation for key employees across all years could be a red flag for transparency regarding executive or key personnel remuneration, or it may indicate a unique operational model.
Strengths
Significant growth in total assets from $15.7M in 2018 to $26.7M in 2023 demonstrates strong financial stewardship and capacity.
Revenue has remained robust, with 2023 reporting $4,807,989, indicating consistent funding and operational stability.
Low and stable liabilities relative to assets suggest a financially secure organization with minimal debt risk.
The organization has consistently maintained a positive net asset position, growing its financial base over time.
AI Transparency Report
Union County Economic Development Corp is a community improvement nonprofit based in Cranford, New Jersey, with reported revenue of $6.0M and assets of $26.8M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation is consistently reported as $0 across all available filings, which is unusual for an organization of this size and revenue, suggesting either a volunteer-led executive team or compensation being reported under different categories. Revenue has grown +115% across 13 filing periods.