Worcester Credit Union
Worcester, 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 | $4,719,033↑34% | $3,960,168↑23% | $98,463,592↓6% | |
| 2022 | $3,533,968↓7% | $3,224,289↑7% | $105,060,405↓2% | — |
| 2021 | $3,800,689↓3% | $3,016,123↓12% | $107,267,095↑1% | — |
| 2020 | $3,911,731 | $3,429,308↓6% | $106,731,810↑30% | — |
| 2019 | $3,906,223↑5% | $3,646,969↑4% | $81,833,951↑1% | — |
| 2018 | $3,711,455↑6% | $3,507,023↑8% | $80,628,970 | — |
| 2017 | $3,490,858↑7% | $3,248,728↑7% | $80,724,729↑3% | — |
| 2016 | $3,253,859↓2% | $3,034,588↓12% | $78,397,660↑3% | — |
| 2015 | $3,305,518↓4% | $3,467,108↓3% | $76,129,004↓3% | — |
| 2014 | $3,441,486↓5% | $3,560,989 | $78,096,138↓5% | — |
| 2013 | $3,607,912↓3% | $3,543,829↓7% | $81,948,734↓1% | — |
| 2012 | $3,714,960↓7% | $3,819,728↓6% | $83,157,602↑3% | — |
| 2011 | $4,006,354 | $4,062,099 | $81,103,309 | — |
Frequently Asked Questions
What does Worcester Credit Union do?▼
Worcester 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 Worcester Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Worcester Credit Union has a score of 74/100 (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 Worcester Credit Union generate?▼
Worcester Credit Union reports $4.8M in annual revenue and holds $96.5M in total assets, based on IRS filings.
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