Quick charity verification for University Credit Union (EIN: 16028792)
Verdict: University Credit Union appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
2Red Flags
4Strengths
Red Flags
Unusual filing of Form 990 for a credit union
Consistent 0% reported officer compensation for an organization of this size, which may indicate incomplete reporting or unique compensation structures not fully transparent in the provided data.
Strengths
Consistent revenue growth from $12.3M in 2011 to $16.2M in 2016
Steady asset growth from $192.9M in 2011 to $276M in 2016
Positive net income reported annually, indicating financial stability
Low liabilities relative to assets, suggesting a healthy balance sheet
Spending Breakdown
How University Credit Union allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 University Credit Union
Is University Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, University Credit Union (EIN: 16028792) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is University Credit Union a good charity to donate to?
University Credit Union has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for University Credit Union?
The Employer Identification Number (EIN) for University Credit Union is 16028792. 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 University Credit Union spend its money?
University Credit Union allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify University Credit Union's tax-exempt status?
You can verify University Credit Union's tax-exempt status using EIN 16028792 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
University Credit Union, despite being a credit union, files IRS Form 990, which is typically for tax-exempt organizations. This is unusual as credit unions are generally exempt from federal income tax under IRC Section 501(c)(1) and are not usually required to file Form 990. The provided data shows consistent revenue growth from $12.3 million in 2011 to $16.2 million in 2016, with assets also steadily increasing from $192.9 million to $276 million over the same period. The organization consistently reports 0% officer compensation, which is a significant indicator of financial efficiency and a commitment to its members, as it implies that executive salaries are not being paid from the reported expenses on these specific filings, or are not being reported in a way that is captured by 'Officer Comp' in this dataset. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the reported net income.