New York Credit Union Association Inc
New York Credit Union Association maintains strong asset growth despite occasional operational deficits.
EIN: 135582889 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $2.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $23.6M |
| Transparency Score | 75/100 |
Is New York Credit Union Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Credit Union Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York Credit Union Association Inc
New York Credit Union Association Inc (EIN: 135582889) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $4.0M and total assets of $27.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Credit Union Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Credit Union Association Inc is a mid-size nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-293,721 |
| Total Assets | $26.2M |
| Total Liabilities | $2.6M |
| Net Assets | $23.6M |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 106.8 months |
Financial Health Grade: B
In 2022, New York Credit Union Association Inc reported a deficit of $294K with expenses exceeding revenue, holds 106.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), New York Credit Union Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +27.1% | +31.6% | -1.2% |
| 2021 | -27.1% | -13.8% | +4.7% |
| 2020 | -12.9% | -19.5% | -0.1% |
| 2019 | -1.3% | +3.6% | +5.6% |
| 2018 | -0.9% | -7.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Credit Union Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New York Credit Union Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $294K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation across all periods, which is unusual for an organization of this size with revenues exceeding $2 million annually. This suggests that executive compensation may be reported under different categories or that the organization's leadership structure does not involve directly compensated officers, requiring a deeper dive into the full 990 forms for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Credit Union Association Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into the full 990 forms.
- Lack of detailed functional expense breakdown in summary data, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for New York Credit Union Association Inc:
- Strong and growing asset base, increasing from $13,976,927 in 2013 to $26,165,892 in 2022, indicating long-term financial stability.
- Consistent revenue generation over the past decade, generally exceeding or closely matching expenses.
- Manageable liabilities relative to assets, with a liabilities-to-assets ratio of approximately 9.77% in 2022.
Frequently Asked Questions about New York Credit Union Association Inc
Is New York Credit Union Association Inc a legitimate charity?
New York Credit Union Association Inc (EIN: 135582889) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $4.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York Credit Union Association Inc spend its money?
New York Credit Union Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New York Credit Union Association Inc tax-deductible?
New York Credit Union Association Inc is registered as a tax-exempt nonprofit (EIN: 135582889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Credit Union Association Inc CEO make?
New York Credit Union Association Inc's highest-compensated officer earns $2 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Credit Union Association Inc's spending goes to programs?
New York Credit Union Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New York Credit Union Association Inc located?
New York Credit Union Association Inc is headquartered in Albany, New York and files with the IRS under EIN 135582889.
How many years of IRS 990 filings does New York Credit Union Association Inc have?
New York Credit Union Association Inc 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 $4.0M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% for officer compensation across all 12 filings is unusual for an organization with annual revenues in the millions. This could indicate that compensation is categorized differently (e.g., as employee salaries), or that the organization's leadership is uncompensated, which would require reviewing the full 990 forms for detailed compensation schedules.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. To assess spending efficiency accurately, a review of the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses, would be necessary.
How does the organization manage its occasional operational deficits, such as in 2022?
In 2022, the organization reported expenses ($2,939,245) exceeding revenue ($2,645,524) by $293,721. Given its substantial asset base ($26,165,892), such deficits are likely covered by reserves or investment income, indicating financial stability despite year-to-year fluctuations in operational income.
Filing History
IRS 990 filing history for New York Credit Union Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), New York Credit Union Association Inc's revenue has declined by 8.9%, moving from $2.9M to $2.6M. Total assets increased by 134.3% over the same period, from $11.2M to $26.2M. Total functional expenses rose by 3%, from $2.9M to $2.9M. In its most recent filing year (2022), New York Credit Union Association Inc reported a deficit of $294K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $26.2M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $23.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.6M | $2.9M | $26.2M | $2.6M | — | View 990 |
| 2021 | $2.1M | $2.2M | $26.5M | $3.2M | — | View 990 |
| 2020 | $2.9M | $2.6M | $25.3M | $2.1M | — | View 990 |
| 2019 | $3.3M | $3.2M | $25.3M | $2.2M | — | — |
| 2018 | $3.3M | $3.1M | $24.0M | $1.2M | — | View 990 |
| 2017 | $3.4M | $3.3M | $24.6M | $1.9M | — | View 990 |
| 2016 | $3.3M | $3.0M | $23.0M | $1.7M | — | View 990 |
| 2015 | $3.1M | $2.7M | $21.2M | $471K | — | View 990 |
| 2014 | $3.1M | $2.8M | $13.5M | $944K | — | View 990 |
| 2013 | $3.1M | $3.1M | $14.0M | $1.7M | — | View 990 |
| 2012 | $3.3M | $3.3M | $12.8M | $1.1M | — | View 990 |
| 2011 | $2.9M | $2.9M | $11.2M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.6M, expenses of $2.9M, and assets of $26.2M (revenue +27.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.2M, and assets of $26.5M (revenue -27.1% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.6M, and assets of $25.3M (revenue -12.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.2M, and assets of $25.3M (revenue -1.3% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.1M, and assets of $24.0M (revenue -0.9% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.3M, and assets of $24.6M (revenue +2.0% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.0M, and assets of $23.0M (revenue +6.4% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.7M, and assets of $21.2M (revenue +0.6% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.8M, and assets of $13.5M (revenue -1.5% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.1M, and assets of $14.0M (revenue -4.4% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.3M, and assets of $12.8M (revenue +12.4% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.9M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Credit Union Association Inc:
Data Sources and Methodology
This transparency report for New York Credit Union Association 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.