Novation Credit Union
Oakdale, Minnesota
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 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 | $11,293,465↑22% | $9,770,324↑33% | $227,086,966↑1% | — |
| 2022 | $9,264,760↑5% | $7,323,942↑13% | $224,719,719↑3% | — |
| 2021 | $8,796,633↑6% | $6,483,200↓7% | $218,712,368↑13% | — |
| 2020 | $8,298,506↑3% | $6,947,262↓2% | $192,998,558↑19% | — |
| 2019 | $8,044,478↑14% | $7,119,026↑18% | $162,517,262↑13% | — |
| 2018 | $7,079,455↑11% | $6,026,862↑8% | $144,238,783↑2% | — |
| 2017 | $6,403,714↑3% | $5,598,799↑6% | $141,069,501↑10% | — |
| 2016 | $6,242,543↑12% | $5,294,334↑11% | $128,141,947↑11% | — |
| 2015 | $5,552,361↑7% | $4,761,504↑3% | $114,926,415↑8% | — |
| 2014 | $5,188,948↑1% | $4,620,975↑6% | $106,603,209↑7% | — |
| 2013 | $5,114,348↓3% | $4,351,114↓2% | $99,853,064↑5% | — |
| 2012 | $5,284,459↑2% | $4,439,193↓6% | $95,140,961↑9% | — |
| 2011 | $5,170,962 | $4,733,441 | $87,351,531 | — |
Frequently Asked Questions
What does Novation Credit Union do?▼
Novation Credit Union is a unclassified nonprofit organization based in Minnesota. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Novation Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Novation Credit Union has a score of 70/100 (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 Novation Credit Union generate?▼
Novation Credit Union reports $13.5M in annual revenue and holds $232.5M in total assets, based on IRS filings.
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