Saco Valley Credit Union
Saco Valley Credit Union consistently reports positive net income and asset growth with 0% officer compensation.
EIN: 10203515 · Saco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $3.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $11.1M |
| Transparency Score | 75/100 |
Is Saco Valley Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saco Valley Credit Union directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Saco Valley Credit Union
Saco Valley Credit Union (EIN: 10203515) is a nonprofit organization based in Saco, ME. 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 Saco Valley Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saco Valley Credit Union is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$712K |
| Total Assets | $108.7M |
| Total Liabilities | $97.7M |
| Net Assets | $11.1M |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 89.8% |
| Months of Reserves | 333.5 months |
Financial Health Grade: A
In 2016, Saco Valley Credit Union reported a surplus of $712K with revenue exceeding expenses, holds 333.5 months of operating reserves (strong position), has a debt-to-asset ratio of 89.8% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Saco Valley Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +1.9% | +4.6% | +4.5% |
| 2015 | -1.3% | +2.9% | +5.2% |
| 2014 | +1.5% | -6.4% | +2.3% |
| 2013 | -3.7% | -7.3% | +0.3% |
| 2012 | -1.9% | -3.8% | +9.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Saco Valley Credit Union 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, Saco Valley Credit Union allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $712K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.8%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings is highly unusual for an organization of this asset size (over $100 million in 2016), suggesting either a volunteer leadership structure, compensation is reported under different categories not visible in this summary, or it's a specific reporting nuance for credit unions.
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 Saco Valley Credit Union's IRS 990 filings:
- Lack of detailed expense breakdown prevents full spending efficiency analysis
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate incomplete reporting or a unique compensation structure not fully transparent.
Strengths
The following positive indicators were identified for Saco Valley Credit Union:
- Consistent positive net income over multiple years (e.g., $4,624,483 revenue vs. $3,912,310 expenses in 2016).
- Steady growth in assets, from $88,481,543 in 2011 to $108,734,851 in 2016, indicating financial stability.
- Revenue consistently exceeds expenses, demonstrating sound financial management.
Frequently Asked Questions about Saco Valley Credit Union
Is Saco Valley Credit Union a legitimate charity?
Saco Valley Credit Union (EIN: 10203515) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Saco Valley Credit Union spend its money?
Saco Valley Credit Union directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Saco Valley Credit Union tax-deductible?
Saco Valley Credit Union is registered as a tax-exempt nonprofit (EIN: 10203515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Saco Valley Credit Union CEO make?
Saco Valley Credit Union's highest-compensated officer earns $100 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Saco Valley Credit Union's spending goes to programs?
Saco Valley Credit Union directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Saco Valley Credit Union located?
Saco Valley Credit Union is headquartered in Saco, Maine and files with the IRS under EIN 10203515.
How many years of IRS 990 filings does Saco Valley Credit Union have?
Saco Valley Credit Union has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Saco Valley Credit Union a good charity?
Based on the provided data, Saco Valley Credit Union consistently maintains positive financial health with growing assets and revenues exceeding expenses. However, as a credit union, its primary mission is member services rather than traditional charitable activities, and the lack of detailed expense breakdown makes a 'charity' assessment difficult.
How does Saco Valley Credit Union manage its finances?
Saco Valley Credit Union appears to manage its finances prudently, consistently generating more revenue than expenses (e.g., $4,624,483 revenue vs. $3,912,310 expenses in 2016) and demonstrating steady asset growth from $88.4 million in 2011 to $108.7 million in 2016.
What is the trend in Saco Valley Credit Union's assets?
Saco Valley Credit Union has shown a consistent upward trend in assets, growing from $88,481,543 in 2011 to $108,734,851 in 2016, indicating financial stability and growth.
Filing History
IRS 990 filing history for Saco Valley Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Saco Valley Credit Union's revenue has declined by 3.4%, moving from $4.8M to $4.6M. Total assets increased by 22.9% over the same period, from $88.5M to $108.7M. Total functional expenses fell by 10.2%, from $4.4M to $3.9M. In its most recent filing year (2016), Saco Valley Credit Union reported a surplus of $712K, with revenue exceeding expenses. The organization holds $97.7M in liabilities against $108.7M in assets (debt-to-asset ratio: 89.8%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $4.6M | $3.9M | $108.7M | $97.7M | — | View 990 |
| 2015 | $4.5M | $3.7M | $104.1M | $93.8M | — | View 990 |
| 2014 | $4.6M | $3.6M | $98.9M | $89.4M | — | View 990 |
| 2013 | $4.5M | $3.9M | $96.7M | $87.9M | — | View 990 |
| 2012 | $4.7M | $4.2M | $96.4M | $88.4M | — | View 990 |
| 2011 | $4.8M | $4.4M | $88.5M | $80.9M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $4.6M, expenses of $3.9M, and assets of $108.7M (revenue +1.9% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.7M, and assets of $104.1M (revenue -1.3% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.6M, and assets of $98.9M (revenue +1.5% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.9M, and assets of $96.7M (revenue -3.7% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.2M, and assets of $96.4M (revenue -1.9% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.4M, and assets of $88.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saco Valley Credit Union:
Data Sources and Methodology
This transparency report for Saco Valley 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.