Magnifi Financial Credit Union
Melrose, 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 664 peers in Unclassified with $100M-$1B revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
7 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $128,720,153↑47% | $108,628,019↑50% | $2,335,249,765↑10% | — |
| 2022 | $87,403,819↑11% | $72,413,903↑17% | $2,123,114,393↑30% | — |
| 2021 | $78,975,601↑6% | $61,813,507↓2% | $1,639,292,297↑13% | — |
| 2020 | $74,850,818↑13% | $62,900,631↑21% | $1,453,374,392↑21% | — |
| 2019 | $66,228,219↑16% | $52,153,934↑19% | $1,201,921,676↑9% | — |
| 2018 | $57,068,510↑11% | $43,667,539↑7% | $1,100,060,228↑7% | — |
| 2017 | $51,224,859 | $40,743,473 | $1,027,920,816 | — |
Frequently Asked Questions
What does Magnifi Financial Credit Union do?▼
Magnifi Financial 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 Magnifi Financial Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Magnifi Financial 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 Magnifi Financial Credit Union generate?▼
Magnifi Financial Credit Union reports $149.7M in annual revenue and holds $2.4B in total assets, based on IRS filings.
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