Novation Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,170,962 | 4,733,441 | 437,521 | 16.4 | 0% |
| 2012 | 5,284,459 | 4,439,193 | 845,266 | 19.8 | 0% |
| 2013 | 5,114,348 | 4,351,114 | 763,234 | 22.3 | 0% |
| 2014 | 5,188,948 | 4,620,975 | 567,973 | 22.5 | 0% |
| 2015 | 5,552,361 | 4,761,504 | 790,857 | 23.8 | 0% |
| 2016 | 6,242,543 | 5,294,334 | 948,209 | 23.6 | 0% |
| 2017 | 6,403,714 | 5,598,799 | 804,915 | 24.0 | 0% |
| 2018 | 7,079,455 | 6,026,862 | 1,052,593 | 24.4 | 0% |
| 2019 | 8,044,478 | 7,119,026 | 925,452 | 22.2 | 31% |
| 2020 | 8,298,506 | 6,947,262 | 1,351,244 | 25.1 | 34% |
| 2021 | 8,796,633 | 6,483,200 | 2,313,433 | 31.2 | 36% |
| 2022 | 9,264,760 | 7,323,942 | 1,940,818 | 29.6 | 36% |
| 2023 | 11,293,465 | 9,770,324 | 1,523,141 | 24.1 | 30% |
In its most recent public year (2023), this organization brought in $1,523,141 more than it spent. Its reserves stood at about 24.1 months of spending, up from 16.4 in 2011. Staff pay was 30% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Novation Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works