Polk County Credit Union
EIN: 426064396 · Des Moines, IA
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $199K |
| Net Assets | $665K |
Is Polk County 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 Polk County Credit Union
Polk County Credit Union (EIN: 426064396) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $343K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polk County Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polk County Credit Union is a small nonprofit.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $260K |
| Total Expenses | $199K |
| Surplus / Deficit | +$61K |
| Total Assets | $5.3M |
| Total Liabilities | $4.6M |
| Net Assets | $665K |
| Operating Margin | 23.4% |
| Debt-to-Asset Ratio | 87.5% |
| Months of Reserves | 320.4 months |
Financial Health Grade: A
In 2017, Polk County Credit Union reported a surplus of $61K with revenue exceeding expenses, holds 320.4 months of operating reserves (strong position), has a debt-to-asset ratio of 87.5% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Polk County 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 Polk County 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.5%.
Frequently Asked Questions about Polk County Credit Union
Is Polk County Credit Union a legitimate charity?
Polk County Credit Union (EIN: 426064396) is a registered tax-exempt nonprofit based in Iowa. Total revenue: $343K. No red flags identified. Financial health grade: A.
How does Polk County Credit Union spend its money?
Polk County Credit Union reported $343K in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Polk County Credit Union tax-deductible?
Polk County Credit Union is registered as a tax-exempt nonprofit (EIN: 426064396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Polk County Credit Union located?
Polk County Credit Union is headquartered in Des Moines, Iowa and files with the IRS under EIN 426064396.
Filing History
IRS 990 filing history for Polk County Credit Union showing financial trends over 1 year of public records:
In its most recent filing year (2017), Polk County Credit Union reported a surplus of $61K, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $5.3M in assets (debt-to-asset ratio: 87.5%), resulting in net assets of $665K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $260K | $199K | $5.3M | $4.6M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polk County Credit Union:
Data Sources and Methodology
This transparency report for Polk County 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.