Southern Lakes Credit Union
EIN: 390900961 · Kenosha, WI
| Metric | Value |
|---|---|
| Total Expenses | $3.6M |
| Net Assets | $7.2M |
Is Southern Lakes 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 Southern Lakes Credit Union
Southern Lakes Credit Union (EIN: 390900961) is a nonprofit organization based in Kenosha, WI. 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 Southern Lakes Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Lakes Credit Union is a mid-size nonprofit, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-292,518 |
| Total Assets | $85.5M |
| Total Liabilities | $78.2M |
| Net Assets | $7.2M |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 91.5% |
| Months of Reserves | 282.8 months |
Financial Health Grade: C
In 2012, Southern Lakes Credit Union reported a deficit of $293K with expenses exceeding revenue, holds 282.8 months of operating reserves (strong position), has a debt-to-asset ratio of 91.5% (high leverage).
Financial Trends
Over 2 years of filings (2011–2012), Southern Lakes Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | -9.8% | -6.8% | -2.3% |
AI Analysis Pending
AI enrichment for Southern Lakes 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 Southern Lakes 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 (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $293K, with expenses exceeding revenue.
- Debt-to-asset ratio: 91.5%.
Frequently Asked Questions about Southern Lakes Credit Union
Is Southern Lakes Credit Union a legitimate charity?
Southern Lakes Credit Union (EIN: 390900961) is a registered tax-exempt nonprofit based in Wisconsin. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Southern Lakes Credit Union spend its money?
Southern Lakes 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 Southern Lakes Credit Union tax-deductible?
Southern Lakes Credit Union is registered as a tax-exempt nonprofit (EIN: 390900961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Lakes Credit Union located?
Southern Lakes Credit Union is headquartered in Kenosha, Wisconsin and files with the IRS under EIN 390900961.
How many years of IRS 990 filings does Southern Lakes Credit Union have?
Southern Lakes 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 Southern Lakes Credit Union showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Southern Lakes Credit Union's revenue has declined by 9.8%, moving from $3.7M to $3.3M. Total assets decreased by 2.3% over the same period, from $87.5M to $85.5M. Total functional expenses fell by 6.8%, from $3.9M to $3.6M. In its most recent filing year (2012), Southern Lakes Credit Union reported a deficit of $293K, with expenses exceeding revenue. The organization holds $78.2M in liabilities against $85.5M in assets (debt-to-asset ratio: 91.5%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $3.3M | $3.6M | $85.5M | $78.2M | — | View 990 |
| 2011 | $3.7M | $3.9M | $87.5M | $80.0M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Lakes Credit Union:
Data Sources and Methodology
This transparency report for Southern Lakes 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.