Connected Credit Union
Connected Credit Union consistently generates revenue surpluses and shows steady asset growth.
EIN: 10409063 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $37 |
| Net Assets | $4.2M |
| Transparency Score | 65/100 |
Is Connected Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connected Credit Union directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connected Credit Union
Connected Credit Union (EIN: 10409063) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connected Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connected Credit Union is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$161K |
| Total Assets | $36.9M |
| Total Liabilities | $32.7M |
| Net Assets | $4.2M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 88.7% |
| Months of Reserves | 286.1 months |
Financial Health Grade: A
In 2016, Connected Credit Union reported a surplus of $161K with revenue exceeding expenses, holds 286.1 months of operating reserves (strong position), has a debt-to-asset ratio of 88.7% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Connected Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +10.6% | +14.3% | +6.0% |
| 2015 | +3.5% | +0.6% | +6.9% |
| 2014 | +1.2% | +1.4% | -0.5% |
| 2013 | -2.7% | -2.4% | +5.2% |
| 2012 | +6.5% | +10.5% | +7.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connected Credit Union with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Connected Credit Union allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $161K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with assets reaching nearly $37 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connected Credit Union's IRS 990 filings:
- Latest reported revenue and assets are $0, contradicting historical data.
- NTEE code is unknown, hindering sector-specific analysis.
- Consistent 0% officer compensation for an organization of this size is unusual and requires clarification.
Strengths
The following positive indicators were identified for Connected Credit Union:
- Consistent revenue exceeding expenses, indicating financial stability.
- Steady growth in assets over the years, from $29M in 2011 to $36.9M in 2016.
- No reported officer compensation, suggesting low overhead in this specific area.
Frequently Asked Questions about Connected Credit Union
Is Connected Credit Union a legitimate charity?
Connected Credit Union (EIN: 10409063) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Connected Credit Union spend its money?
Connected Credit Union directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Connected Credit Union tax-deductible?
Connected Credit Union is registered as a tax-exempt nonprofit (EIN: 10409063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connected Credit Union CEO make?
Connected Credit Union's highest-compensated officer earns $37 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Connected Credit Union's spending goes to programs?
Connected Credit Union directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Connected Credit Union located?
Connected Credit Union is headquartered in Augusta, Maine and files with the IRS under EIN 10409063.
How many years of IRS 990 filings does Connected Credit Union have?
Connected Credit Union has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why is the latest reported revenue and assets $0?
The latest reported revenue and assets being $0 is a discrepancy with the historical filings, which consistently show significant financial activity. This could indicate an error in the data provided or a change in reporting status.
What is the breakdown of expenses into program, administrative, and fundraising costs?
The provided data does not offer a detailed breakdown of expenses, making it difficult to precisely assess the organization's spending efficiency in these categories.
How does Connected Credit Union operate as a nonprofit with 'Credit Union' in its name?
Credit unions are typically member-owned financial cooperatives, which are often tax-exempt. Their primary purpose is to serve their members, which aligns with a nonprofit mission, but their operational model differs from traditional charities.
What is the reason for 0% officer compensation across all years?
Reporting 0% officer compensation for an organization with millions in assets and revenue is highly unusual and warrants further investigation. It could mean officers are volunteers, compensated through other means not reported as 'officer compensation,' or there's a reporting anomaly.
Filing History
IRS 990 filing history for Connected Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Connected Credit Union's revenue has grown by 20.1%, moving from $1.4M to $1.7M. Total assets increased by 26.9% over the same period, from $29.1M to $36.9M. Total functional expenses rose by 25.8%, from $1.2M to $1.5M. In its most recent filing year (2016), Connected Credit Union reported a surplus of $161K, with revenue exceeding expenses. The organization holds $32.7M in liabilities against $36.9M in assets (debt-to-asset ratio: 88.7%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.7M | $1.5M | $36.9M | $32.7M | — | View 990 |
| 2015 | $1.5M | $1.4M | $34.8M | $30.8M | — | View 990 |
| 2014 | $1.5M | $1.3M | $32.6M | $28.8M | — | View 990 |
| 2013 | $1.5M | $1.3M | $32.7M | $29.1M | — | View 990 |
| 2012 | $1.5M | $1.4M | $31.1M | $27.6M | — | View 990 |
| 2011 | $1.4M | $1.2M | $29.1M | $25.7M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $36.9M (revenue +10.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $34.8M (revenue +3.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $32.6M (revenue +1.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $32.7M (revenue -2.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $31.1M (revenue +6.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $29.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connected Credit Union:
Data Sources and Methodology
This transparency report for Connected 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.