Naveo Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,679,739 | 5,059,453 | 1,620,286 | 32.5 | 44% |
| 2021 | 5,441,719 | 4,994,317 | 447,402 | 30.8 | 41% |
| 2022 | 5,538,258 | 5,370,125 | 168,133 | 13.0 | 46% |
| 2023 | 6,809,632 | 6,549,902 | 259,730 | 13.6 | 40% |
In its most recent public year (2023), this organization brought in $259,730 more than it spent. Its reserves stood at about 13.6 months of spending, down from 32.5 in 2020. Staff pay was 40% 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
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