CSCharityScored
85

Naveo Credit Union

Other · Somerville, Massachusetts

493 Somerville Ave, Somerville, MA 02143-3246

EIN: 041144988· Founded: Oct 1934· 92 years active· Filing Year: 2023

Annual Revenue

$6.8M

Total Expenses

$6.5M

Total Assets

$170.3M

Program Spending

87%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$469K

7.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$2.1M

Total Payroll

$2.6M

40% of total expenses

Where the Money Goes

87%
Programs: 87%
Payroll: 40%
Other overhead: 13%
Program Revenue$5.7M (83%)
Total Expenses$6.5M (96%)
Payroll$2.6M (40%)
Overhead (non-program)13%

Trust Score Breakdown

Program Spending Ratio

87% of expenses go to programs

40%

Revenue & Stability

$6.8M annual revenue

15%

Executive Compensation

$469K total officer comp (7.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$170.3M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.