Ray Cooperative Credit Union
EIN: 450215094 · Ray, ND
| Metric | Value |
|---|---|
| Total Expenses | $304K |
| Net Assets | $-70,730 |
Is Ray Cooperative 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 Ray Cooperative Credit Union
Ray Cooperative Credit Union (EIN: 450215094) is a nonprofit organization based in Ray, ND. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ray Cooperative Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ray Cooperative Credit Union is a small nonprofit that has been operating for 81 years, with 2 years of IRS 990 filings on record (2011–2011).
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $304K |
| Surplus / Deficit | $-70,730 |
| Total Assets | $15.9M |
| Total Liabilities | $16.0M |
| Net Assets | $-70,730 |
| Operating Margin | -30.3% |
| Debt-to-Asset Ratio | 100.4% |
| Months of Reserves | 628.4 months |
Financial Health Grade: C
In 2011, Ray Cooperative Credit Union reported a deficit of $71K with expenses exceeding revenue, holds 628.4 months of operating reserves (strong position), has a debt-to-asset ratio of 100.4% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2011 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ray Cooperative 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 Ray Cooperative 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 (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.4%.
Frequently Asked Questions about Ray Cooperative Credit Union
Is Ray Cooperative Credit Union a legitimate charity?
Ray Cooperative Credit Union (EIN: 450215094) is a registered tax-exempt nonprofit based in North Dakota. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Ray Cooperative Credit Union spend its money?
Ray Cooperative Credit Union reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ray Cooperative Credit Union tax-deductible?
Ray Cooperative Credit Union is registered as a tax-exempt nonprofit (EIN: 450215094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ray Cooperative Credit Union located?
Ray Cooperative Credit Union is headquartered in Ray, North Dakota and files with the IRS under EIN 450215094.
How many years of IRS 990 filings does Ray Cooperative Credit Union have?
Ray Cooperative Credit Union has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Ray Cooperative Credit Union showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2011), Ray Cooperative Credit Union's revenue has grown by 0%, moving from $233K to $233K. Total assets increased by 0% over the same period, from $15.9M to $15.9M. Total functional expenses rose by 0%, from $304K to $304K. In its most recent filing year (2011), Ray Cooperative Credit Union reported a deficit of $71K, with expenses exceeding revenue. The organization holds $16.0M in liabilities against $15.9M in assets (debt-to-asset ratio: 100.4%), resulting in net assets of $-70,730.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $233K | $304K | $15.9M | $16.0M | — | — |
| 2011 | $233K | $304K | $15.9M | $16.0M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ray Cooperative Credit Union:
Data Sources and Methodology
This transparency report for Ray Cooperative 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.