Freedom Credit Union
Springfield, 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 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 | $34,489,002↑28% | $30,493,956↑31% | $738,359,654↑6% | — |
| 2022 | $26,913,534↑3% | $23,288,605↑7% | $699,366,789↑8% | — |
| 2021 | $26,093,008↑10% | $21,788,261↓6% | $649,826,140↑9% | — |
| 2020 | $23,759,359↓5% | $23,151,492↑5% | $593,605,651↑20% | — |
| 2019 | $24,911,225↑8% | $22,038,112↑16% | $496,730,711↑4% | — |
| 2018 | $23,161,113↑7% | $19,037,422↑7% | $477,578,497↓1% | — |
| 2017 | $21,706,429↑2% | $17,807,873↓6% | $484,378,649↓1% | — |
| 2016 | $21,351,115↑1% | $18,979,860↓5% | $489,855,221↓8% | — |
| 2015 | $21,217,100↑1% | $19,909,952↑3% | $531,804,006↑3% | — |
| 2014 | $20,925,571↑2% | $19,386,350↑2% | $515,296,313↓1% | — |
| 2013 | $20,449,040↓6% | $19,089,753↑4% | $520,991,029↑1% | — |
| 2012 | $21,717,526↑3% | $18,424,426↑5% | $517,136,522↑6% | — |
| 2011 | $21,016,397 | $17,528,822 | $487,302,934 | — |
Frequently Asked Questions
What does Freedom Credit Union do?▼
Freedom 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 Freedom Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Freedom 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 Freedom Credit Union generate?▼
Freedom Credit Union reports $37.6M in annual revenue and holds $733.9M in total assets, based on IRS filings.
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