Gas & Electric Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Gas & Electric Credit Union is a 501(c)(14) organization based in Rock Island, Illinois, registered in 1944, with $6,353,996 in FY2024 revenue. CharityIndex grades it B.
2300 4th Ave, Rock Island, IL, 61201 EIN 36-1120219 Since 1944
Revenue (FY2024)
$6.4M
▲ 13.0% vs prior year
Expenses (FY2024)
$6.0M
Net assets
$10.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gas & Electric Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gas & Electric Credit Union: 21 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gas & Electric Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gas & Electric Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2300 4th Ave, Rock Island, IL, 61201
- City
- Rock Island
- State
- Illinois
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $2.7M (FY2013) to $6.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $111.3MNet assets $10.4M
Operating margin
6.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$121.7M
Total liabilities
$111.3M
Net assets
$10.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,353,996▲13.0% | $5,958,967▲19.7% | $10,402,659▲16.9% | $121,712,731▲4.5% | 990 |
| 2023 | $5,624,668▲43.6% | $4,979,359▲33.7% | $8,896,120▲10.9% | $116,458,923▼0.2% | 990 |
| 2022 | $3,916,471▼10.6% | $3,724,077▲5.4% | $8,022,612▼17.9% | $116,715,912▲5.7% | 990 |
| 2021 | $4,381,845▲4.8% | $3,534,380▼1.8% | $9,773,061▲5.1% | $110,437,833▲6.9% | 990 |
| 2020 | $4,181,813▲2.3% | $3,599,984▼6.8% | $9,297,871▲9.6% | $103,325,503▲25.4% | 990 |
| 2019 | $4,088,429▲24.8% | $3,862,418▲35.4% | $8,485,355▲7.5% | $82,382,957▲10.3% | 990 |
| 2017 | $3,275,639▲8.0% | $2,852,390▲9.2% | $7,894,175▲6.3% | $74,690,592▲4.8% | 990 |
| 2016 | $3,033,718▲3.9% | $2,611,622▲2.8% | $7,427,939▲5.5% | $71,272,831▲1.2% | 990 |
| 2015 | $2,919,213▲5.6% | $2,541,310▲4.7% | $7,042,365▲3.0% | $70,442,189▲9.3% | 990 |
| 2014 | $2,765,129▲1.6% | $2,426,654▲11.0% | $6,834,298▲8.8% | $64,435,869▲1.5% | 990 |
| 2013 | $2,722,869 | $2,185,358▲0.1% | $6,280,102▲9.4% | $63,493,716▲4.6% | 990 |
| 2012 | — | $2,182,473▼13.2% | $5,742,320▲10.7% | $60,701,487▲4.7% | 990 |
| 2011 | — | $2,514,315▲4.0% | $5,188,446▲4.1% | $57,985,849▲8.0% | 990 |
| 2010 | — | $2,417,801 | $4,983,102 | $53,672,154 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Gas & Electric Credit Union a legitimate nonprofit?
- Yes. Gas & Electric Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 36-1120219, based in Rock Island, Illinois.
- What is Gas & Electric Credit Union's EIN?
- Gas & Electric Credit Union's Employer Identification Number (EIN) is 36-1120219.
- How much revenue does Gas & Electric Credit Union report?
- Gas & Electric Credit Union reported $6,353,996 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gas & Electric Credit Union have?
- CharityIndex grades Gas & Electric Credit Union B, based on financial health (reserves and operating margin).
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Data for Gas & Electric Credit Union (EIN 36-1120219) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.