Chem Family Credit Union
EIN: 636043518 · Anniston, AL · NTEE: W61
Is Chem Family Credit Union Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chem Family Credit Union
Chem Family Credit Union (EIN: 636043518) is a nonprofit organization based in Anniston, AL, classified under NTEE code W61. The organization reported total revenue of $196K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chem Family Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Chem Family Credit Union has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chem Family Credit Union with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Chem Family Credit Union
Is Chem Family Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Chem Family Credit Union (EIN: 636043518) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chem Family Credit Union spend its money?
Detailed spending breakdown data is not yet available for Chem Family Credit Union. Check back for updated IRS 990 analysis.
Are donations to Chem Family Credit Union tax-deductible?
Chem Family Credit Union is registered as a tax-exempt nonprofit (EIN: 636043518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Chem Family Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chem Family Credit Union's revenue has declined by 32.6%, moving from $197K to $133K. Total assets decreased by 10.8% over the same period, from $6.3M to $5.6M. Total functional expenses fell by 23.4%, from $173K to $132K. In its most recent filing year (2023), Chem Family Credit Union reported a surplus of $120, with revenue exceeding expenses. The organization holds $18K in liabilities against $5.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $132K | $5.6M | $18K | — | View 990 |
| 2022 | $81K | $81K | $7.3M | $14K | — | View 990 |
| 2021 | $92K | $92K | $7.4M | $12K | — | — |
| 2020 | $157K | $151K | $7.2M | $15K | — | — |
| 2019 | $196K | $187K | $6.9M | $9K | — | View 990 |
| 2018 | $180K | $175K | $6.7M | $4K | — | View 990 |
| 2017 | $153K | $145K | $6.8M | $3K | — | View 990 |
| 2016 | $159K | $143K | $6.2M | $2K | — | View 990 |
| 2015 | $162K | $140K | $6.2M | $3K | — | View 990 |
| 2014 | $162K | $144K | $6.1M | $2K | — | View 990 |
| 2013 | $162K | $138K | $6.2M | $3K | — | — |
| 2012 | $182K | $151K | $6.4M | $8K | — | — |
| 2011 | $197K | $173K | $6.3M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $132K, and assets of $5.6M (revenue +64.4% year-over-year).
- 2022: Revenue of $81K, expenses of $81K, and assets of $7.3M (revenue -11.9% year-over-year).
- 2021: Revenue of $92K, expenses of $92K, and assets of $7.4M (revenue -41.6% year-over-year).
- 2020: Revenue of $157K, expenses of $151K, and assets of $7.2M (revenue -20.3% year-over-year).
- 2019: Revenue of $196K, expenses of $187K, and assets of $6.9M (revenue +9.4% year-over-year).
- 2018: Revenue of $180K, expenses of $175K, and assets of $6.7M (revenue +17.3% year-over-year).
- 2017: Revenue of $153K, expenses of $145K, and assets of $6.8M (revenue -3.6% year-over-year).
- 2016: Revenue of $159K, expenses of $143K, and assets of $6.2M (revenue -2.2% year-over-year).
- 2015: Revenue of $162K, expenses of $140K, and assets of $6.2M (revenue +0.1% year-over-year).
- 2014: Revenue of $162K, expenses of $144K, and assets of $6.1M (revenue +0.2% year-over-year).
- 2013: Revenue of $162K, expenses of $138K, and assets of $6.2M (revenue -10.8% year-over-year).
- 2012: Revenue of $182K, expenses of $151K, and assets of $6.4M (revenue -7.7% year-over-year).
- 2011: Revenue of $197K, expenses of $173K, and assets of $6.3M.
Data Sources and Methodology
This transparency report for Chem Family Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.