Northwest Federal Credit Union Foundation
Northwest Federal Credit Union Foundation consistently directs funds to programs with no reported officer compensation.
EIN: 202945601 · Herndon, VA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $469K |
| Total Expenses | $254K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 95/100 |
Is Northwest Federal Credit Union Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwest Federal Credit Union Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwest Federal Credit Union Foundation
Northwest Federal Credit Union Foundation (EIN: 202945601) is a nonprofit organization based in Herndon, VA, classified under NTEE code B60. The organization reported total revenue of $469K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Federal Credit Union Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwest Federal Credit Union Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $254K |
| Surplus / Deficit | +$122K |
| Total Assets | $1.6M |
| Total Liabilities | $5K |
| Net Assets | $1.6M |
| Operating Margin | 32.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 77.1 months |
Financial Health Grade: A
In 2023, Northwest Federal Credit Union Foundation reported a surplus of $122K with revenue exceeding expenses, holds 77.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwest Federal Credit Union Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.6% | +15.7% | +11.1% |
| 2022 | -12.2% | +12.9% | -6.5% |
| 2021 | +37.0% | +14.6% | +15.4% |
| 2020 | -32.5% | -18.7% | +17.7% |
| 2019 | +29.3% | -3.3% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Northwest Federal Credit Union Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Northwest Federal Credit Union Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated by the parent Northwest Federal Credit Union, which significantly reduces administrative overhead for the nonprofit.
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.
Strengths
The following positive indicators were identified for Northwest Federal Credit Union Foundation:
- Consistently reports 0% officer compensation, maximizing program impact.
- Strong program spending ratio, indicating efficient use of funds.
- Healthy and growing asset base, demonstrating financial stability (e.g., assets grew from $666,813 in 2014 to $1,874,219 currently).
- Low liabilities across all filing periods, reflecting sound financial management.
- Consistent IRS 990 filings over 13 periods, indicating strong transparency.
Frequently Asked Questions about Northwest Federal Credit Union Foundation
Is Northwest Federal Credit Union Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwest Federal Credit Union Foundation (EIN: 202945601) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Northwest Federal Credit Union Foundation spend its money?
Northwest Federal Credit Union Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northwest Federal Credit Union Foundation tax-deductible?
Northwest Federal Credit Union Foundation is registered as a tax-exempt nonprofit (EIN: 202945601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Northwest Federal Credit Union Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Northwest Federal Credit Union Foundation is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northwest Federal Credit Union Foundation located?
Northwest Federal Credit Union Foundation is headquartered in Herndon, Virginia and files with the IRS under EIN 202945601. It is classified under NTEE code B60.
How many years of IRS 990 filings does Northwest Federal Credit Union Foundation have?
Northwest Federal Credit Union Foundation 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 $469K in total revenue.
Is Northwest Federal Credit Union Foundation a good charity?
Based on its financial data, the Northwest Federal Credit Union Foundation appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services, reports no officer compensation, and maintains healthy financial reserves.
How does the foundation manage its administrative costs?
The foundation manages administrative costs exceptionally well, primarily by reporting 0% officer compensation across all filings. This suggests that administrative support is likely provided by the parent Northwest Federal Credit Union, allowing more donor funds to go directly to programs.
What is the trend in the foundation's financial growth?
The foundation shows a strong positive trend in financial growth. Its assets have grown from $666,813 in 2014 to $1,874,219 currently, and revenue has generally increased over the past decade, indicating sustainable financial health.
Filing History
IRS 990 filing history for Northwest Federal Credit Union Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwest Federal Credit Union Foundation's revenue has grown by 132.3%, moving from $162K to $376K. Total assets increased by 1538% over the same period, from $100K to $1.6M. Total functional expenses rose by 81%, from $140K to $254K. In its most recent filing year (2023), Northwest Federal Credit Union Foundation reported a surplus of $122K, with revenue exceeding expenses. The organization holds $5K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $376K | $254K | $1.6M | $5K | — | — |
| 2022 | $334K | $220K | $1.5M | $6K | — | View 990 |
| 2021 | $381K | $195K | $1.6M | $6K | — | View 990 |
| 2020 | $278K | $170K | $1.4M | $10K | — | — |
| 2019 | $412K | $209K | $1.2M | $1K | — | View 990 |
| 2018 | $319K | $216K | $840K | $0 | — | View 990 |
| 2017 | $277K | $204K | $818K | $0 | — | View 990 |
| 2016 | $197K | $161K | $709K | $0 | — | View 990 |
| 2015 | $215K | $159K | $683K | $0 | — | View 990 |
| 2014 | $280K | $182K | $667K | $0 | — | View 990 |
| 2013 | $383K | $196K | $576K | $0 | — | View 990 |
| 2012 | $483K | $194K | $389K | $0 | — | View 990 |
| 2011 | $162K | $140K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $376K, expenses of $254K, and assets of $1.6M (revenue +12.6% year-over-year).
- 2022: Revenue of $334K, expenses of $220K, and assets of $1.5M (revenue -12.2% year-over-year).
- 2021: Revenue of $381K, expenses of $195K, and assets of $1.6M (revenue +37.0% year-over-year).
- 2020: Revenue of $278K, expenses of $170K, and assets of $1.4M (revenue -32.5% year-over-year).
- 2019: Revenue of $412K, expenses of $209K, and assets of $1.2M (revenue +29.3% year-over-year).
- 2018: Revenue of $319K, expenses of $216K, and assets of $840K (revenue +15.0% year-over-year).
- 2017: Revenue of $277K, expenses of $204K, and assets of $818K (revenue +41.1% year-over-year).
- 2016: Revenue of $197K, expenses of $161K, and assets of $709K (revenue -8.4% year-over-year).
- 2015: Revenue of $215K, expenses of $159K, and assets of $683K (revenue -23.4% year-over-year).
- 2014: Revenue of $280K, expenses of $182K, and assets of $667K (revenue -26.8% year-over-year).
- 2013: Revenue of $383K, expenses of $196K, and assets of $576K (revenue -20.7% year-over-year).
- 2012: Revenue of $483K, expenses of $194K, and assets of $389K (revenue +198.0% year-over-year).
- 2011: Revenue of $162K, expenses of $140K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwest Federal Credit Union Foundation:
Data Sources and Methodology
This transparency report for Northwest Federal Credit Union Foundation 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.