Ocean State Credit Union
Coventry, Rhode Island
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M 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 | $16,179,714↑17% | $14,819,328↑25% | $339,279,531↓2% | — |
| 2022 | $13,825,699↓7% | $11,859,406↑6% | $344,864,750↑5% | — |
| 2021 | $14,903,508↓4% | $11,224,786↓10% | $328,452,290↑2% | — |
| 2020 | $15,471,202↑17% | $12,449,742↑7% | $323,002,035↑11% | — |
| 2019 | $13,270,542↑8% | $11,638,936↑11% | $290,170,256↑7% | — |
| 2018 | $12,318,962↑4% | $10,486,323↑2% | $270,458,405↑9% | — |
| 2017 | $11,851,814 | $10,270,419↓4% | $248,426,040↓4% | — |
| 2016 | $11,832,863↑1% | $10,708,561 | $257,756,254↑4% | — |
| 2015 | $11,737,634↑6% | $10,688,239↑2% | $246,777,584↑6% | — |
| 2014 | $11,124,509↓4% | $10,522,955↓2% | $232,012,055↑1% | — |
| 2013 | $11,571,077↓8% | $10,698,260↓6% | $229,968,547↑4% | — |
| 2012 | $12,633,797↓6% | $11,327,320↓17% | $220,712,691↓11% | — |
| 2011 | $13,484,205 | $13,607,066 | $248,263,097 | — |
Frequently Asked Questions
What does Ocean State Credit Union do?▼
Ocean State Credit Union is a unclassified nonprofit organization based in Rhode Island. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ocean State Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Ocean State Credit Union has a score of 62/100 (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 Ocean State Credit Union generate?▼
Ocean State Credit Union reports $17.5M in annual revenue and holds $343.7M in total assets, based on IRS filings.
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