Sovita Credit Union
Flint, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very 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 | $18,274,970↑32% | $12,774,373↑23% | $508,496,724↓2% | — |
| 2022 | $13,885,121↑20% | $10,361,055↑3% | $520,943,774↓4% | — |
| 2021 | $11,610,983↓9% | $10,103,756↓7% | $540,162,677↑7% | — |
| 2020 | $12,779,014↓14% | $10,836,202↓6% | $504,085,579↑16% | — |
| 2019 | $14,803,285↑9% | $11,582,342↑8% | $436,080,346↑7% | — |
| 2018 | $13,522,370↑17% | $10,721,525↑25% | $409,248,405↑1% | — |
| 2017 | $11,604,160↑8% | $8,594,277↑5% | $404,291,828↑2% | — |
| 2016 | $10,699,944↓14% | $8,204,959↓18% | $395,417,245↑4% | — |
| 2015 | $12,432,859↑36% | $10,065,168↑35% | $381,872,139↑4% | — |
| 2014 | $9,153,229↑5% | $7,454,514↓1% | $368,730,886↑1% | — |
| 2013 | $8,714,044↓4% | $7,530,133↓7% | $363,474,516↑8% | — |
| 2012 | $9,088,784↓8% | $8,054,520↓7% | $336,528,478↑3% | — |
| 2011 | $9,879,957 | $8,624,480 | $327,144,529 | — |
Frequently Asked Questions
What does Sovita Credit Union do?▼
Sovita Credit Union is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Sovita Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Sovita Credit Union has a score of 78/100 (Grade: A-). 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 Sovita Credit Union generate?▼
Sovita Credit Union reports $21.3M in annual revenue and holds $529.4M in total assets, based on IRS filings.
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