River Works Credit Union
Lynn, Massachusetts
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $6,428,970↑41% | $5,563,055↑26% | $123,514,563↑10% | — |
| 2022 | $4,574,179↓9% | $4,399,314↓3% | $112,516,103↓2% | — |
| 2021 | $5,008,646↓2% | $4,515,329↓5% | $115,018,497↑5% | — |
| 2020 | $5,106,008↑10% | $4,765,010↑4% | $109,766,973↑7% | — |
| 2019 | $4,660,468 | $4,581,981↑3% | $102,221,120 | — |
| 2018 | $4,640,173↑1% | $4,446,073↑2% | $102,682,814↓3% | — |
| 2017 | $4,592,236↓25% | $4,359,616↓23% | $106,329,845↓1% | — |
| 2016 | $6,102,538↑10% | $5,663,176↑30% | $107,023,616↑1% | — |
| 2015 | $5,534,662 | $4,366,006↑4% | $105,989,301↑3% | — |
| 2014 | $5,516,148↑15% | $4,213,449↑4% | $102,784,517↑9% | — |
| 2013 | $4,811,426↓8% | $4,067,608↓3% | $94,301,131↑13% | — |
| 2012 | $5,224,083↓3% | $4,205,360↓5% | $83,768,299↓2% | — |
| 2011 | $5,392,052 | $4,438,642 | $85,811,458 | — |
Frequently Asked Questions
What does River Works Credit Union do?▼
River Works Credit Union is a public & societal benefit nonprofit organization based in Massachusetts. It is classified under NTEE code W61Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is River Works Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, River Works 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 River Works Credit Union generate?▼
River Works Credit Union reports $8.3M in annual revenue and holds $151.4M in total assets, based on IRS filings.
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