Cport Credit Union
Cport Credit Union shows consistent revenue growth and stable asset management from 2011-2016.
EIN: 10079380 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8.2M |
| Program Spending | 90% |
| Net Assets | $17.6M |
| Transparency Score | 75/100 |
Is Cport Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cport Credit Union directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cport Credit Union
Cport Credit Union (EIN: 10079380) is a nonprofit organization based in Portland, 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 Cport Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cport 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 6.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $188.5M |
| Total Liabilities | $170.9M |
| Net Assets | $17.6M |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 90.7% |
| Months of Reserves | 275.6 months |
Financial Health Grade: A
In 2016, Cport Credit Union reported a surplus of $1.3M with revenue exceeding expenses, holds 275.6 months of operating reserves (strong position), has a debt-to-asset ratio of 90.7% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Cport Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +13.0% | +11.2% | +8.4% |
| 2015 | +10.8% | +8.9% | +7.6% |
| 2014 | +8.3% | +8.1% | +7.4% |
| 2013 | +1.1% | -1.9% | +4.2% |
| 2012 | -0.1% | +2.8% | +7.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cport Credit Union with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Cport Credit Union allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.7%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filing periods. This suggests that either executive compensation is not reported in this specific section of the 990 for this type of organization, or it is exceptionally low, which would be a positive indicator of resource allocation.
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 Cport Credit Union's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unclear executive compensation reporting (0% reported may not reflect full picture)
Strengths
The following positive indicators were identified for Cport Credit Union:
- Consistent revenue growth (from $6.9M in 2011 to $9.4M in 2016)
- Strong and growing asset base (from $135M in 2011 to $188M in 2016)
- Positive net income across all reported periods
- Liabilities consistently well-covered by assets
Frequently Asked Questions about Cport Credit Union
Is Cport Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Cport Credit Union (EIN: 10079380) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Cport Credit Union spend its money?
Cport Credit Union directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cport Credit Union tax-deductible?
Cport Credit Union is registered as a tax-exempt nonprofit (EIN: 10079380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cport Credit Union located?
Cport Credit Union is headquartered in Portland, Maine and files with the IRS under EIN 10079380.
How many years of IRS 990 filings does Cport Credit Union have?
Cport 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.
What is the detailed breakdown of Cport Credit Union's expenses?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess specific spending efficiency beyond overall revenue and expense figures.
How does Cport Credit Union compensate its executives?
The filings consistently report 0% officer compensation, which could mean executive compensation is not captured in this specific data point for credit unions or is very minimal. Further investigation into their specific financial statements would be needed for a complete picture.
Is Cport Credit Union financially stable?
Yes, Cport Credit Union appears financially stable, demonstrating consistent revenue growth from $6.9 million in 2011 to $9.4 million in 2016, and a healthy increase in assets from $135 million to $188 million over the same period, with liabilities managed appropriately.
Filing History
IRS 990 filing history for Cport Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Cport Credit Union's revenue has grown by 36.9%, moving from $6.9M to $9.5M. Total assets increased by 39.6% over the same period, from $135.0M to $188.5M. Total functional expenses rose by 32.1%, from $6.2M to $8.2M. In its most recent filing year (2016), Cport Credit Union reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $170.9M in liabilities against $188.5M in assets (debt-to-asset ratio: 90.7%), resulting in net assets of $17.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $9.5M | $8.2M | $188.5M | $170.9M | — | View 990 |
| 2015 | $8.4M | $7.4M | $173.9M | $157.5M | — | View 990 |
| 2014 | $7.6M | $6.8M | $161.6M | $146.3M | — | View 990 |
| 2013 | $7.0M | $6.3M | $150.5M | $136.0M | — | View 990 |
| 2012 | $6.9M | $6.4M | $144.5M | $130.6M | — | View 990 |
| 2011 | $6.9M | $6.2M | $135.0M | $121.6M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $9.5M, expenses of $8.2M, and assets of $188.5M (revenue +13.0% year-over-year).
- 2015: Revenue of $8.4M, expenses of $7.4M, and assets of $173.9M (revenue +10.8% year-over-year).
- 2014: Revenue of $7.6M, expenses of $6.8M, and assets of $161.6M (revenue +8.3% year-over-year).
- 2013: Revenue of $7.0M, expenses of $6.3M, and assets of $150.5M (revenue +1.1% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.4M, and assets of $144.5M (revenue -0.1% year-over-year).
- 2011: Revenue of $6.9M, expenses of $6.2M, and assets of $135.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cport Credit Union:
Data Sources and Methodology
This transparency report for Cport 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.