W โ€” Public & Societal BenefitEIN: 050255777ยท Ruling Year: 1988

Cranston Municipal Employees Credit Union

Cranston, Rhode Island

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$3.2M
Total Revenue
๐Ÿ“Š
$3.0M
Total Expenses
๐Ÿฆ
$12.0M
Net Assets
๐Ÿ“‹
$71.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-4.5%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+7.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.00
Net assets divided by total expenses
Liabilities-to-Assets
85.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,235,714โ†“5%$3,007,878โ†‘56%$83,595,085โ†‘14%
2022$3,389,214โ†‘71%$1,932,014โ†‘8%$73,342,756โ†‘4%
2021$1,978,512โ†‘9%$1,789,836โ†‘16%$70,232,096โ†‘9%
2020$1,809,684โ†“17%$1,541,474โ†“7%$64,349,515โ†‘10%
2019$2,185,466โ†‘22%$1,653,849โ†‘12%$58,283,378โ†‘1%
2018$1,795,661โ†‘9%$1,475,447โ†‘7%$57,796,041
2017$1,647,687โ†‘18%$1,374,670$57,736,240โ†“1%
2016$1,397,440โ†“8%$1,374,003โ†‘1%$58,143,296โ†‘4%
2015$1,516,081$1,357,428โ†‘3%$56,072,621โ†‘1%
2014$1,518,722โ†“3%$1,318,495โ†“9%$55,359,319โ†“1%
2013$1,560,793โ†“8%$1,450,556โ†‘1%$55,877,866
2012$1,693,959โ†“15%$1,430,433โ†“12%$56,115,311โ†‘2%
2011$1,994,941$1,626,557$55,054,402

Frequently Asked Questions

What does Cranston Municipal Employees Credit Union do?โ–ผ

Cranston Municipal Employees Credit Union is a public & societal benefit nonprofit organization based in Rhode Island. It is classified under NTEE code W61Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Cranston Municipal Employees Credit Union financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Cranston Municipal Employees 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 Cranston Municipal Employees Credit Union generate?โ–ผ

Cranston Municipal Employees Credit Union reports $3.7M in annual revenue and holds $80.6M in total assets, based on IRS filings.

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Cranston Municipal Employees Credit Union โ€” Cranston, RI | GiveScope