Maroon Financial Credit Union
EIN: 362516351 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.5M |
| Net Assets | $5.3M |
Is Maroon Financial 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 Maroon Financial Credit Union
Maroon Financial Credit Union (EIN: 362516351) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $3.1M and total assets of $53.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maroon Financial Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maroon Financial Credit Union is a mid-size nonprofit that has been operating for 69 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$341K |
| Total Assets | $60.0M |
| Total Liabilities | $54.7M |
| Net Assets | $5.3M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 91.2% |
| Months of Reserves | 287.4 months |
Financial Health Grade: A
In 2022, Maroon Financial Credit Union reported a surplus of $341K with revenue exceeding expenses, holds 287.4 months of operating reserves (strong position), has a debt-to-asset ratio of 91.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Maroon Financial Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +5.0% | +8.0% | +-0.0% |
| 2021 | -14.0% | +0.3% | +8.5% |
| 2020 | +9.9% | -6.0% | +24.4% |
| 2019 | +16.1% | +9.5% | +5.4% |
| 2018 | +6.9% | +3.3% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maroon Financial 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 Maroon Financial 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $341K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.2%.
Frequently Asked Questions about Maroon Financial Credit Union
Is Maroon Financial Credit Union a legitimate charity?
Maroon Financial Credit Union (EIN: 362516351) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $3.1M. No red flags identified. Financial health grade: A.
How does Maroon Financial Credit Union spend its money?
Maroon Financial Credit Union reported $3.1M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maroon Financial Credit Union tax-deductible?
Maroon Financial Credit Union is registered as a tax-exempt nonprofit (EIN: 362516351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maroon Financial Credit Union located?
Maroon Financial Credit Union is headquartered in Chicago, Illinois and files with the IRS under EIN 362516351.
How many years of IRS 990 filings does Maroon Financial Credit Union have?
Maroon Financial Credit Union has 12 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 $3.1M in total revenue.
Filing History
IRS 990 filing history for Maroon Financial Credit Union showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Maroon Financial Credit Union's revenue has grown by 88.1%, moving from $1.5M to $2.8M. Total assets increased by 94.2% over the same period, from $30.9M to $60.0M. Total functional expenses rose by 55.1%, from $1.6M to $2.5M. In its most recent filing year (2022), Maroon Financial Credit Union reported a surplus of $341K, with revenue exceeding expenses. The organization holds $54.7M in liabilities against $60.0M in assets (debt-to-asset ratio: 91.2%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.8M | $2.5M | $60.0M | $54.7M | — | View 990 |
| 2021 | $2.7M | $2.3M | $60.0M | $54.3M | — | View 990 |
| 2020 | $3.2M | $2.3M | $55.2M | $49.8M | — | — |
| 2019 | $2.9M | $2.5M | $44.4M | $39.9M | — | — |
| 2018 | $2.5M | $2.2M | $42.1M | $38.1M | — | View 990 |
| 2017 | $2.3M | $2.2M | $40.9M | $37.1M | — | View 990 |
| 2016 | $2.3M | $2.1M | $41.6M | $37.9M | — | View 990 |
| 2015 | $2.1M | $2.0M | $41.4M | $37.9M | — | View 990 |
| 2014 | $2.2M | $2.2M | $43.1M | $39.7M | — | View 990 |
| 2013 | $2.3M | $2.1M | $42.7M | $39.5M | — | View 990 |
| 2012 | $2.4M | $1.9M | $40.5M | $37.2M | — | View 990 |
| 2011 | $1.5M | $1.6M | $30.9M | $28.2M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.8M, expenses of $2.5M, and assets of $60.0M (revenue +5.0% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.3M, and assets of $60.0M (revenue -14.0% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.3M, and assets of $55.2M (revenue +9.9% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.5M, and assets of $44.4M (revenue +16.1% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $42.1M (revenue +6.9% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $40.9M (revenue +2.6% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.1M, and assets of $41.6M (revenue +4.9% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $41.4M (revenue -3.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $43.1M (revenue -4.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.1M, and assets of $42.7M (revenue -3.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.9M, and assets of $40.5M (revenue +59.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $30.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maroon Financial Credit Union:
Data Sources and Methodology
This transparency report for Maroon Financial 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.