Marine Credit Union Foundation Inc
EIN: 261564606 · La Crosse, WI · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $571K |
| Net Assets | $1.3M |
Is Marine Credit Union Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marine Credit Union Foundation Inc
Marine Credit Union Foundation Inc (EIN: 261564606) is a nonprofit organization based in La Crosse, WI, classified under NTEE code B60. The organization reported total revenue of $1.2M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marine Credit Union Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marine Credit Union Foundation Inc is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $571K |
| Surplus / Deficit | $-195,885 |
| Total Assets | $1.3M |
| Total Liabilities | $76K |
| Net Assets | $1.3M |
| Operating Margin | -52.3% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 28.3 months |
Financial Health Grade: B
In 2023, Marine Credit Union Foundation Inc reported a deficit of $196K with expenses exceeding revenue, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | +33.5% | -0.8% |
| 2022 | -5.9% | -10.6% | -12.3% |
| 2021 | -12.6% | +20.2% | +15.1% |
| 2020 | +19.9% | +21.2% | +16.5% |
| 2019 | +11.9% | +55.4% | +26.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marine Credit Union Foundation Inc 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 Marine Credit Union Foundation Inc 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 deficit of $196K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.7%.
Frequently Asked Questions about Marine Credit Union Foundation Inc
Is Marine Credit Union Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Marine Credit Union Foundation Inc (EIN: 261564606) insufficient data. 0 red flags identified, 0 strengths noted.
How does Marine Credit Union Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Marine Credit Union Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Marine Credit Union Foundation Inc tax-deductible?
Marine Credit Union Foundation Inc is registered as a tax-exempt nonprofit (EIN: 261564606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marine Credit Union Foundation Inc located?
Marine Credit Union Foundation Inc is headquartered in La Crosse, Wisconsin and files with the IRS under EIN 261564606. It is classified under NTEE code B60.
How many years of IRS 990 filings does Marine Credit Union Foundation Inc have?
Marine Credit Union Foundation Inc has 11 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Marine Credit Union Foundation Inc showing financial trends over 11 years of public records:
Total assets increased by 2559.6% over the same period, from $51K to $1.3M. Total functional expenses rose by 137042.3%, from $416 to $571K. In its most recent filing year (2023), Marine Credit Union Foundation Inc reported a deficit of $196K, with expenses exceeding revenue. The organization holds $76K in liabilities against $1.3M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $571K | $1.3M | $76K | — | — |
| 2022 | $459K | $427K | $1.4M | $147K | — | View 990 |
| 2021 | $488K | $478K | $1.5M | $157K | — | View 990 |
| 2020 | $558K | $398K | $1.3M | $43K | — | View 990 |
| 2019 | $465K | $328K | $1.2M | $10K | — | View 990 |
| 2018 | $416K | $211K | $911K | $0 | — | View 990 |
| 2017 | $443K | $161K | $757K | $0 | — | View 990 |
| 2016 | $353K | $155K | $475K | $0 | — | View 990 |
| 2015 | $313K | $109K | $277K | $0 | — | View 990 |
| 2014 | $159K | $87K | $74K | $1K | — | View 990 |
| 2012 | $0 | $416 | $51K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $571K, and assets of $1.3M (revenue -18.3% year-over-year).
- 2022: Revenue of $459K, expenses of $427K, and assets of $1.4M (revenue -5.9% year-over-year).
- 2021: Revenue of $488K, expenses of $478K, and assets of $1.5M (revenue -12.6% year-over-year).
- 2020: Revenue of $558K, expenses of $398K, and assets of $1.3M (revenue +19.9% year-over-year).
- 2019: Revenue of $465K, expenses of $328K, and assets of $1.2M (revenue +11.9% year-over-year).
- 2018: Revenue of $416K, expenses of $211K, and assets of $911K (revenue -6.2% year-over-year).
- 2017: Revenue of $443K, expenses of $161K, and assets of $757K (revenue +25.5% year-over-year).
- 2016: Revenue of $353K, expenses of $155K, and assets of $475K (revenue +12.9% year-over-year).
- 2015: Revenue of $313K, expenses of $109K, and assets of $277K (revenue +96.3% year-over-year).
- 2014: Revenue of $159K, expenses of $87K, and assets of $74K.
- 2012: Revenue of $0, expenses of $416, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marine Credit Union Foundation Inc:
Data Sources and Methodology
This transparency report for Marine Credit Union Foundation Inc 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.