Employees First Credit Union
EIN: 410909796 · St Paul, MN
Is Employees First 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 Employees First Credit Union
Employees First Credit Union (EIN: 410909796) is a nonprofit organization based in St Paul, MN. 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 Employees First Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Employees First 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 -2.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-2,842,266 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -277.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2016, Employees First Credit Union reported a deficit of $2.8M with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2016), Employees First Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -39.7% | +383.5% | -100.0% |
| 2015 | -4.8% | -35.2% | -1.3% |
| 2014 | +16.8% | -19.2% | +23.7% |
| 2013 | +17.1% | +17.2% | +24.7% |
| 2012 | +12.3% | +12.7% | +8.5% |
AI Analysis Pending
AI enrichment for Employees First 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 Employees First 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.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.8M, with expenses exceeding revenue.
Frequently Asked Questions about Employees First Credit Union
Is Employees First Credit Union a legitimate charity?
Employees First Credit Union (EIN: 410909796) is a registered tax-exempt nonprofit based in Minnesota. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Employees First Credit Union spend its money?
Employees First Credit Union reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Employees First Credit Union tax-deductible?
Employees First Credit Union is registered as a tax-exempt nonprofit (EIN: 410909796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Employees First Credit Union located?
Employees First Credit Union is headquartered in St Paul, Minnesota and files with the IRS under EIN 410909796.
How many years of IRS 990 filings does Employees First Credit Union have?
Employees First 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.
Filing History
IRS 990 filing history for Employees First Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Employees First Credit Union's revenue has declined by 11.8%, moving from $1.2M to $1.0M. Total assets decreased by 100% over the same period, from $11.9M to $0. Total functional expenses rose by 234.4%, from $1.2M to $3.9M. In its most recent filing year (2016), Employees First Credit Union reported a deficit of $2.8M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.0M | $3.9M | $0 | $0 | — | — |
| 2015 | $1.7M | $800K | $19.6M | $13.6M | — | View 990 |
| 2014 | $1.8M | $1.2M | $19.9M | $16.0M | — | View 990 |
| 2013 | $1.5M | $1.5M | $16.1M | $12.7M | — | View 990 |
| 2012 | $1.3M | $1.3M | $12.9M | $9.6M | — | View 990 |
| 2011 | $1.2M | $1.2M | $11.9M | $8.6M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.0M, expenses of $3.9M, and assets of $0 (revenue -39.7% year-over-year).
- 2015: Revenue of $1.7M, expenses of $800K, and assets of $19.6M (revenue -4.8% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.2M, and assets of $19.9M (revenue +16.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $16.1M (revenue +17.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $12.9M (revenue +12.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $11.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Employees First Credit Union:
Data Sources and Methodology
This transparency report for Employees First 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.