Greater Piedmont Credit Union
EIN: 561231894 · Durham, NC
| Metric | Value |
|---|---|
| Total Expenses | $1.2M |
| Net Assets | $15.1M |
Is Greater Piedmont 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 Greater Piedmont Credit Union
Greater Piedmont Credit Union (EIN: 561231894) is a nonprofit organization based in Durham, NC. 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 Greater Piedmont Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Piedmont Credit Union is a mid-size nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$19K |
| Total Assets | $15.1M |
| Total Liabilities | $34K |
| Net Assets | $15.1M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 152.1 months |
Financial Health Grade: A
In 2014, Greater Piedmont Credit Union reported a surplus of $19K with revenue exceeding expenses, holds 152.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Greater Piedmont Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -2.9% | -2.5% | +1.1% |
| 2013 | -5.5% | -4.5% | +5.3% |
| 2012 | -3.4% | -5.4% | -4.0% |
AI Analysis Pending
AI enrichment for Greater Piedmont 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 Greater Piedmont 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Greater Piedmont Credit Union
Is Greater Piedmont Credit Union a legitimate charity?
Greater Piedmont Credit Union (EIN: 561231894) is a registered tax-exempt nonprofit based in North Carolina. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Greater Piedmont Credit Union spend its money?
Greater Piedmont Credit Union reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Piedmont Credit Union tax-deductible?
Greater Piedmont Credit Union is registered as a tax-exempt nonprofit (EIN: 561231894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Piedmont Credit Union located?
Greater Piedmont Credit Union is headquartered in Durham, North Carolina and files with the IRS under EIN 561231894.
How many years of IRS 990 filings does Greater Piedmont Credit Union have?
Greater Piedmont Credit Union has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Greater Piedmont Credit Union showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Greater Piedmont Credit Union's revenue has declined by 11.3%, moving from $1.4M to $1.2M. Total assets increased by 2.2% over the same period, from $14.8M to $15.1M. Total functional expenses fell by 11.9%, from $1.4M to $1.2M. In its most recent filing year (2014), Greater Piedmont Credit Union reported a surplus of $19K, with revenue exceeding expenses. The organization holds $34K in liabilities against $15.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $1.2M | $1.2M | $15.1M | $34K | — | View 990 |
| 2013 | $1.2M | $1.2M | $15.0M | $19K | — | View 990 |
| 2012 | $1.3M | $1.3M | $14.2M | $15K | — | View 990 |
| 2011 | $1.4M | $1.4M | $14.8M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $15.1M (revenue -2.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $15.0M (revenue -5.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $14.2M (revenue -3.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $14.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Piedmont Credit Union:
Data Sources and Methodology
This transparency report for Greater Piedmont 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.