Elga Credit Union Foundation For Impact
EIN: 833968733 · Grand Blanc, MI · NTEE: B90
About Elga Credit Union Foundation For Impact
Elga Credit Union Foundation For Impact (EIN: 833968733) is a nonprofit organization based in Grand Blanc, MI, classified under NTEE code B90. The organization reported total revenue of $1.6M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elga Credit Union Foundation For Impact's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Elga Credit Union Foundation For Impact 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 Elga Credit Union Foundation For Impact 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.
Filing History
IRS 990 filing history for Elga Credit Union Foundation For Impact showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Elga Credit Union Foundation For Impact's revenue has grown by 316.4%, moving from $165K to $686K. Total assets increased by 619.9% over the same period, from $104K to $747K. Total functional expenses rose by 147.3%, from $63K to $156K. In its most recent filing year (2023), Elga Credit Union Foundation For Impact reported a surplus of $530K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $686K | $156K | $747K | $0 | — | — |
| 2022 | $383K | $270K | $217K | $0 | — | View 990 |
| 2021 | $165K | $63K | $104K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $686K, expenses of $156K, and assets of $747K (revenue +79.0% year-over-year).
- 2022: Revenue of $383K, expenses of $270K, and assets of $217K (revenue +132.6% year-over-year).
- 2021: Revenue of $165K, expenses of $63K, and assets of $104K.
Data Sources and Methodology
This transparency report for Elga Credit Union Foundation For Impact 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.