Naveo Credit Union
Somerville, Massachusetts
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $6,809,632↑23% | $6,549,902↑22% | $170,305,612↑1% | — |
| 2022 | $5,538,258↑2% | $5,370,125↑8% | $168,948,495↓5% | — |
| 2021 | $5,441,719↓19% | $4,994,317↓1% | $178,250,990↑10% | — |
| 2020 | $6,679,739↑13% | $5,059,453↑6% | $162,064,758↑16% | — |
| 2019 | $5,890,227↑10% | $4,777,423↑7% | $139,879,183↑7% | — |
| 2018 | $5,337,840↑12% | $4,444,946↑2% | $130,867,039↑4% | — |
| 2017 | $4,756,007↑7% | $4,338,110↑6% | $126,217,438↑3% | — |
| 2016 | $4,434,283↑4% | $4,107,106↑5% | $122,698,833↑4% | — |
| 2015 | $4,279,202↑5% | $3,904,005↓1% | $117,906,777↑5% | — |
| 2014 | $4,088,522↓2% | $3,952,109↓4% | $112,644,020 | — |
| 2013 | $4,176,781↓13% | $4,117,650↓5% | $112,129,787↑10% | — |
| 2012 | $4,792,439↑8% | $4,327,908↑2% | $102,199,216↑8% | — |
| 2011 | $4,438,321 | $4,257,973 | $94,857,636 | — |
Frequently Asked Questions
What does Naveo Credit Union do?▼
Naveo Credit Union is a unclassified nonprofit organization based in Massachusetts. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Naveo Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Naveo Credit Union has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Naveo Credit Union generate?▼
Naveo Credit Union reports $8.1M in annual revenue and holds $171.3M in total assets, based on IRS filings.
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