Tulip Cooperative Credit Union
EIN: 421607163 · Olympia, WA
| Metric | Value |
|---|---|
| Total Expenses | $268K |
| Net Assets | $181K |
Is Tulip 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 Tulip Cooperative Credit Union
Tulip Cooperative Credit Union (EIN: 421607163) is a nonprofit organization based in Olympia, WA. 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 Tulip Cooperative Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tulip Cooperative Credit Union is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $268K |
| Surplus / Deficit | $-39,479 |
| Total Assets | $2.7M |
| Total Liabilities | $2.5M |
| Net Assets | $181K |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 93.2% |
| Months of Reserves | 120.0 months |
Financial Health Grade: C
In 2015, Tulip Cooperative Credit Union reported a deficit of $39K with expenses exceeding revenue, holds 120.0 months of operating reserves (strong position), has a debt-to-asset ratio of 93.2% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Tulip Cooperative Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -15.4% | +11.3% | +0.1% |
| 2014 | +36.0% | -6.3% | -7.3% |
| 2013 | -23.8% | +27.3% | +8.3% |
| 2012 | +37.7% | -6.0% | +14.5% |
AI Analysis Pending
AI enrichment for Tulip 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 Tulip 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.2%.
Frequently Asked Questions about Tulip Cooperative Credit Union
Is Tulip Cooperative Credit Union a legitimate charity?
Tulip Cooperative Credit Union (EIN: 421607163) is a registered tax-exempt nonprofit based in Washington. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Tulip Cooperative Credit Union spend its money?
Tulip Cooperative Credit Union reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tulip Cooperative Credit Union tax-deductible?
Tulip Cooperative Credit Union is registered as a tax-exempt nonprofit (EIN: 421607163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tulip Cooperative Credit Union located?
Tulip Cooperative Credit Union is headquartered in Olympia, Washington and files with the IRS under EIN 421607163.
How many years of IRS 990 filings does Tulip Cooperative Credit Union have?
Tulip Cooperative Credit Union has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Tulip Cooperative Credit Union showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Tulip Cooperative Credit Union's revenue has grown by 20.7%, moving from $189K to $229K. Total assets increased by 15.2% over the same period, from $2.3M to $2.7M. Total functional expenses rose by 24.7%, from $215K to $268K. In its most recent filing year (2015), Tulip Cooperative Credit Union reported a deficit of $39K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $2.7M in assets (debt-to-asset ratio: 93.2%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $229K | $268K | $2.7M | $2.5M | — | View 990 |
| 2014 | $270K | $241K | $2.7M | $2.5M | — | View 990 |
| 2013 | $199K | $257K | $2.9M | $2.7M | — | — |
| 2012 | $261K | $202K | $2.7M | $2.4M | — | View 990 |
| 2011 | $189K | $215K | $2.3M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $229K, expenses of $268K, and assets of $2.7M (revenue -15.4% year-over-year).
- 2014: Revenue of $270K, expenses of $241K, and assets of $2.7M (revenue +36.0% year-over-year).
- 2013: Revenue of $199K, expenses of $257K, and assets of $2.9M (revenue -23.8% year-over-year).
- 2012: Revenue of $261K, expenses of $202K, and assets of $2.7M (revenue +37.7% year-over-year).
- 2011: Revenue of $189K, expenses of $215K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tulip Cooperative Credit Union:
Data Sources and Methodology
This transparency report for Tulip 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.