Weokie Credit Union Foundation
Weokie Credit Union Foundation maintains stable finances with no reported executive compensation.
EIN: 203687358 · Oklahoma City, OK · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $227K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $403K |
| Transparency Score | 90/100 |
Is Weokie Credit Union Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weokie Credit Union Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weokie Credit Union Foundation
Weokie Credit Union Foundation (EIN: 203687358) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T31. The organization reported total revenue of $306K and total assets of $483K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weokie Credit Union Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weokie Credit Union Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $227K |
| Surplus / Deficit | +$25K |
| Total Assets | $405K |
| Total Liabilities | $2K |
| Net Assets | $403K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 21.4 months |
Financial Health Grade: A
In 2023, Weokie Credit Union Foundation reported a surplus of $25K with revenue exceeding expenses, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Weokie Credit Union Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | +39.2% | +6.9% |
| 2022 | +98.4% | -20.1% | +231.0% |
| 2021 | +8.6% | +4.9% | +10.8% |
| 2020 | -9.1% | -7.8% | +3.6% |
| 2019 | -0.4% | +3.1% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Weokie Credit Union Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Weokie Credit Union Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization of its size with annual revenues around $200,000-$400,000.
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.
Strengths
The following positive indicators were identified for Weokie Credit Union Foundation:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- 0% officer compensation reported across all filings, indicating efficient use of funds.
- Growing asset base, from $162,286 in 2014 to $404,579 in 2023, showing financial stability.
- Expenses generally below revenue in recent years, indicating sound financial management (e.g., 2023: Expenses $226,999 vs. Revenue $251,656).
Frequently Asked Questions about Weokie Credit Union Foundation
Is Weokie Credit Union Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Weokie Credit Union Foundation (EIN: 203687358) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Weokie Credit Union Foundation spend its money?
Weokie Credit Union Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Weokie Credit Union Foundation tax-deductible?
Weokie Credit Union Foundation is registered as a tax-exempt nonprofit (EIN: 203687358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Weokie Credit Union Foundation CEO make?
Weokie Credit Union Foundation's highest-compensated officer earns $200,000 annually. The organization reported $306K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Weokie Credit Union Foundation's spending goes to programs?
Weokie Credit Union Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Weokie Credit Union Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Weokie Credit Union Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Weokie Credit Union Foundation located?
Weokie Credit Union Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 203687358. It is classified under NTEE code T31.
How many years of IRS 990 filings does Weokie Credit Union Foundation have?
Weokie Credit Union Foundation has 13 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 $306K in total revenue.
Is Weokie Credit Union Foundation a good charity?
Based on the provided data, the Weokie Credit Union Foundation appears to be a well-managed charity. It consistently files its IRS 990s, has growing assets, and reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than administrative overhead.
How has the foundation's financial health changed over the last decade?
The foundation's financial health has improved significantly over the last decade. Assets have more than doubled from $162,286 in 2014 to $404,579 in 2023, and revenue has generally increased, demonstrating growth and stability.
What is the trend in the foundation's revenue and expenses?
Revenue has shown an upward trend, albeit with fluctuations, from $157,908 in 2014 to $251,656 in 2023. Expenses have generally remained below revenue in recent years, indicating responsible financial management, for example, $226,999 in expenses against $251,656 in revenue in 2023.
Filing History
IRS 990 filing history for Weokie Credit Union Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Weokie Credit Union Foundation's revenue has grown by 109.2%, moving from $120K to $252K. Total assets increased by 358.2% over the same period, from $88K to $405K. Total functional expenses rose by 159.6%, from $87K to $227K. In its most recent filing year (2023), Weokie Credit Union Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $2K in liabilities against $405K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $227K | $405K | $2K | — | — |
| 2022 | $427K | $163K | $378K | $0 | — | View 990 |
| 2021 | $215K | $204K | $114K | $0 | — | View 990 |
| 2020 | $198K | $195K | $103K | $0 | — | View 990 |
| 2019 | $218K | $211K | $100K | $0 | — | View 990 |
| 2018 | $219K | $205K | $93K | $0 | — | View 990 |
| 2017 | $179K | $210K | $79K | $0 | — | View 990 |
| 2016 | $171K | $194K | $109K | $0 | — | View 990 |
| 2015 | $165K | $174K | $133K | $750 | — | View 990 |
| 2014 | $158K | $161K | $162K | $20K | — | View 990 |
| 2013 | $180K | $163K | $145K | $0 | — | View 990 |
| 2012 | $151K | $111K | $128K | $0 | — | View 990 |
| 2011 | $120K | $87K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $227K, and assets of $405K (revenue -41.1% year-over-year).
- 2022: Revenue of $427K, expenses of $163K, and assets of $378K (revenue +98.4% year-over-year).
- 2021: Revenue of $215K, expenses of $204K, and assets of $114K (revenue +8.6% year-over-year).
- 2020: Revenue of $198K, expenses of $195K, and assets of $103K (revenue -9.1% year-over-year).
- 2019: Revenue of $218K, expenses of $211K, and assets of $100K (revenue -0.4% year-over-year).
- 2018: Revenue of $219K, expenses of $205K, and assets of $93K (revenue +22.4% year-over-year).
- 2017: Revenue of $179K, expenses of $210K, and assets of $79K (revenue +4.7% year-over-year).
- 2016: Revenue of $171K, expenses of $194K, and assets of $109K (revenue +3.7% year-over-year).
- 2015: Revenue of $165K, expenses of $174K, and assets of $133K (revenue +4.4% year-over-year).
- 2014: Revenue of $158K, expenses of $161K, and assets of $162K (revenue -12.1% year-over-year).
- 2013: Revenue of $180K, expenses of $163K, and assets of $145K (revenue +18.8% year-over-year).
- 2012: Revenue of $151K, expenses of $111K, and assets of $128K (revenue +25.7% year-over-year).
- 2011: Revenue of $120K, expenses of $87K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weokie Credit Union Foundation:
Data Sources and Methodology
This transparency report for Weokie Credit Union Foundation 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.