Holyoke Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,939,108 | 9,304,369 | 1,634,739 | 28.7 | 28% |
| 2021 | 10,425,579 | 8,909,846 | 1,515,733 | 28.6 | 32% |
| 2022 | 10,438,136 | 9,354,398 | 1,083,738 | 13.7 | 30% |
| 2023 | 12,721,013 | 12,497,017 | 223,996 | 12.7 | 23% |
In its most recent public year (2023), this organization brought in $223,996 more than it spent. Its reserves stood at about 12.7 months of spending, down from 28.7 in 2020. Staff pay was 23% 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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