Texaco Credit Union Of Houma
EIN: 720567882 · Houma, LA
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $96K |
| Net Assets | $626K |
Is Texaco Credit Union Of Houma Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Texaco Credit Union Of Houma
Texaco Credit Union Of Houma (EIN: 720567882) is a nonprofit organization based in Houma, LA. The organization reported total revenue of $123K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texaco Credit Union Of Houma's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texaco Credit Union Of Houma is a small nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $96K |
| Surplus / Deficit | +$27K |
| Total Assets | $3.5M |
| Total Liabilities | $2.9M |
| Net Assets | $626K |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 82.1% |
| Months of Reserves | 439.3 months |
Financial Health Grade: A
In 2021, Texaco Credit Union Of Houma reported a surplus of $27K with revenue exceeding expenses, holds 439.3 months of operating reserves (strong position), has a debt-to-asset ratio of 82.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2021), Texaco Credit Union Of Houma's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -18.3% | -12.2% | -1.6% |
| 2019 | -100.0% | -100.0% | -100.0% |
| 2018 | +10.2% | -73.5% | -8.5% |
| 2017 | -5.7% | +56.1% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Texaco Credit Union Of Houma 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 Texaco Credit Union Of Houma 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.1%.
Frequently Asked Questions about Texaco Credit Union Of Houma
Is Texaco Credit Union Of Houma a legitimate charity?
Texaco Credit Union Of Houma (EIN: 720567882) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $123K. No red flags identified. Financial health grade: A.
How does Texaco Credit Union Of Houma spend its money?
Texaco Credit Union Of Houma reported $123K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Texaco Credit Union Of Houma tax-deductible?
Texaco Credit Union Of Houma is registered as a tax-exempt nonprofit (EIN: 720567882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Texaco Credit Union Of Houma located?
Texaco Credit Union Of Houma is headquartered in Houma, Louisiana and files with the IRS under EIN 720567882.
How many years of IRS 990 filings does Texaco Credit Union Of Houma have?
Texaco Credit Union Of Houma has 12 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 $123K in total revenue.
Filing History
IRS 990 filing history for Texaco Credit Union Of Houma showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2021), Texaco Credit Union Of Houma's revenue has declined by 32.2%, moving from $181K to $123K. Total assets decreased by 30.3% over the same period, from $5.0M to $3.5M. Total functional expenses fell by 46.6%, from $179K to $96K. In its most recent filing year (2021), Texaco Credit Union Of Houma reported a surplus of $27K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $3.5M in assets (debt-to-asset ratio: 82.1%), resulting in net assets of $626K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $123K | $96K | $3.5M | $2.9M | — | — |
| 2020 | $150K | $109K | $3.6M | $3.0M | — | — |
| 2019 | $0 | $0 | $0 | $0 | — | View 990 |
| 2018 | $149K | $104K | $3.8M | $3.3M | — | View 990 |
| 2017 | $135K | $392K | $4.1M | $3.6M | — | View 990 |
| 2016 | $144K | $251K | $4.5M | $3.8M | — | View 990 |
| 2015 | $148K | $136K | $4.8M | $4.0M | — | View 990 |
| 2014 | $159K | $153K | $4.9M | $4.1M | — | View 990 |
| 2013 | $168K | $162K | $5.1M | $4.2M | — | View 990 |
| 2013 | $168K | $162K | $5.1M | $4.2M | — | View 990 |
| 2012 | $171K | $163K | $5.0M | $4.2M | — | View 990 |
| 2011 | $181K | $179K | $5.0M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $123K, expenses of $96K, and assets of $3.5M (revenue -18.3% year-over-year).
- 2020: Revenue of $150K, expenses of $109K, and assets of $3.6M.
- 2019: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2018: Revenue of $149K, expenses of $104K, and assets of $3.8M (revenue +10.2% year-over-year).
- 2017: Revenue of $135K, expenses of $392K, and assets of $4.1M (revenue -5.7% year-over-year).
- 2016: Revenue of $144K, expenses of $251K, and assets of $4.5M (revenue -3.2% year-over-year).
- 2015: Revenue of $148K, expenses of $136K, and assets of $4.8M (revenue -6.8% year-over-year).
- 2014: Revenue of $159K, expenses of $153K, and assets of $4.9M (revenue -5.4% year-over-year).
- 2013: Revenue of $168K, expenses of $162K, and assets of $5.1M (revenue +0.0% year-over-year).
- 2013: Revenue of $168K, expenses of $162K, and assets of $5.1M (revenue -1.3% year-over-year).
- 2012: Revenue of $171K, expenses of $163K, and assets of $5.0M (revenue -5.6% year-over-year).
- 2011: Revenue of $181K, expenses of $179K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texaco Credit Union Of Houma:
Data Sources and Methodology
This transparency report for Texaco Credit Union Of Houma 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.