Hiwassee River Credit Union
EIN: 620812280 · Charleston, TN
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $772K |
| Net Assets | $2.7M |
Is Hiwassee River 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 Hiwassee River Credit Union
Hiwassee River Credit Union (EIN: 620812280) is a nonprofit organization based in Charleston, TN. The organization reported total revenue of $1.1M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hiwassee River Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hiwassee River Credit Union is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $917K |
| Total Expenses | $772K |
| Surplus / Deficit | +$146K |
| Total Assets | $29.5M |
| Total Liabilities | $26.8M |
| Net Assets | $2.7M |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 91.0% |
| Months of Reserves | 458.0 months |
Financial Health Grade: A
In 2023, Hiwassee River Credit Union reported a surplus of $146K with revenue exceeding expenses, holds 458.0 months of operating reserves (strong position), has a debt-to-asset ratio of 91.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hiwassee River Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.0% | +28.6% | -7.6% |
| 2022 | +6.0% | -8.4% | -1.8% |
| 2021 | -19.6% | -16.8% | +7.3% |
| 2020 | -13.9% | -14.3% | +7.8% |
| 2019 | +7.9% | +7.8% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hiwassee River 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 Hiwassee River 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.0%.
Frequently Asked Questions about Hiwassee River Credit Union
Is Hiwassee River Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Hiwassee River Credit Union (EIN: 620812280) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hiwassee River Credit Union spend its money?
Detailed spending breakdown data is not yet available for Hiwassee River Credit Union. Check back for updated IRS 990 analysis.
Are donations to Hiwassee River Credit Union tax-deductible?
Hiwassee River Credit Union is registered as a tax-exempt nonprofit (EIN: 620812280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hiwassee River Credit Union located?
Hiwassee River Credit Union is headquartered in Charleston, Tennessee and files with the IRS under EIN 620812280.
How many years of IRS 990 filings does Hiwassee River Credit Union have?
Hiwassee River Credit Union has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Hiwassee River Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hiwassee River Credit Union's revenue has grown by 2.2%, moving from $897K to $917K. Total assets increased by 3.5% over the same period, from $28.5M to $29.5M. Total functional expenses fell by 2.6%, from $792K to $772K. In its most recent filing year (2023), Hiwassee River Credit Union reported a surplus of $146K, with revenue exceeding expenses. The organization holds $26.8M in liabilities against $29.5M in assets (debt-to-asset ratio: 91.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $917K | $772K | $29.5M | $26.8M | — | View 990 |
| 2022 | $674K | $600K | $31.9M | $29.4M | — | View 990 |
| 2021 | $636K | $655K | $32.5M | $30.0M | — | — |
| 2020 | $792K | $787K | $30.2M | $27.8M | — | — |
| 2019 | $919K | $918K | $28.1M | $25.6M | — | View 990 |
| 2018 | $852K | $852K | $28.2M | $25.8M | — | View 990 |
| 2017 | $783K | $783K | $27.3M | $24.8M | — | View 990 |
| 2016 | $783K | $782K | $27.3M | $24.8M | — | View 990 |
| 2015 | $744K | $744K | $27.2M | $24.7M | — | View 990 |
| 2014 | $777K | $553K | $28.2M | $25.5M | — | View 990 |
| 2013 | $834K | $834K | $28.1M | $25.6M | — | View 990 |
| 2012 | $898K | $733K | $28.6M | $26.1M | — | View 990 |
| 2011 | $897K | $792K | $28.5M | $26.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $917K, expenses of $772K, and assets of $29.5M (revenue +36.0% year-over-year).
- 2022: Revenue of $674K, expenses of $600K, and assets of $31.9M (revenue +6.0% year-over-year).
- 2021: Revenue of $636K, expenses of $655K, and assets of $32.5M (revenue -19.6% year-over-year).
- 2020: Revenue of $792K, expenses of $787K, and assets of $30.2M (revenue -13.9% year-over-year).
- 2019: Revenue of $919K, expenses of $918K, and assets of $28.1M (revenue +7.9% year-over-year).
- 2018: Revenue of $852K, expenses of $852K, and assets of $28.2M (revenue +8.8% year-over-year).
- 2017: Revenue of $783K, expenses of $783K, and assets of $27.3M (revenue +0.1% year-over-year).
- 2016: Revenue of $783K, expenses of $782K, and assets of $27.3M (revenue +5.1% year-over-year).
- 2015: Revenue of $744K, expenses of $744K, and assets of $27.2M (revenue -4.2% year-over-year).
- 2014: Revenue of $777K, expenses of $553K, and assets of $28.2M (revenue -6.9% year-over-year).
- 2013: Revenue of $834K, expenses of $834K, and assets of $28.1M (revenue -7.1% year-over-year).
- 2012: Revenue of $898K, expenses of $733K, and assets of $28.6M (revenue +0.1% year-over-year).
- 2011: Revenue of $897K, expenses of $792K, and assets of $28.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hiwassee River Credit Union:
Data Sources and Methodology
This transparency report for Hiwassee River 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.