Northwoods Credit Union
Cloquet, Minnesota
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 | $11,960,002↑5% | $11,930,660↑23% | $172,709,574↑6% | — |
| 2022 | $11,374,020↑14% | $9,715,764↑11% | $162,399,307↑2% | — |
| 2021 | $10,013,963↑63% | $8,738,581↑11% | $158,800,321↑13% | — |
| 2020 | $6,129,710↓27% | $7,858,493↑2% | $139,988,463↑16% | — |
| 2019 | $8,371,524↑15% | $7,696,862↑10% | $120,165,800↑6% | — |
| 2018 | $7,268,555↑20% | $7,022,691↑14% | $112,878,884↑23% | — |
| 2017 | $6,078,302↑9% | $6,161,100↑12% | $91,515,954↑2% | — |
| 2016 | $5,592,333↑8% | $5,488,597↑14% | $90,093,562↑13% | — |
| 2015 | $5,180,829↑4% | $4,810,152↑12% | $79,894,587↑8% | — |
| 2014 | $4,986,803↑12% | $4,292,878↑11% | $74,061,755↑4% | — |
| 2013 | $4,463,521↑13% | $3,879,052↑2% | $70,906,206↑6% | — |
| 2012 | $3,934,809↑2% | $3,795,956↑16% | $66,635,990↑18% | — |
| 2011 | $3,849,195 | $3,281,529 | $56,458,809 | — |
Frequently Asked Questions
What does Northwoods Credit Union do?▼
Northwoods Credit Union is a unclassified nonprofit organization based in Minnesota. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Northwoods Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Northwoods Credit Union has a score of 67/100 (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 Northwoods Credit Union generate?▼
Northwoods Credit Union reports $13.5M in annual revenue and holds $175.9M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Unclassified category, or browse all nonprofits in Minnesota.