CSCharityScored
90

Northwoods Credit Union

Other · Cloquet, Minnesota

1702 Avenue B, Cloquet, MN 55720-1958

EIN: 410653148· Founded: Sep 1944· 82 years active· Filing Year: 2023

Annual Revenue

$12.0M

Total Expenses

$11.9M

Total Assets

$172.7M

Program Spending

94%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$590K

4.9% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$3.0M

Total Payroll

$3.5M

30% of total expenses

Where the Money Goes

94%
Programs: 94%
Payroll: 30%
Other overhead: 6%
Program Revenue$11.2M (93%)
Total Expenses$11.9M (100%)
Payroll$3.5M (30%)
Overhead (non-program)6%

Trust Score Breakdown

Program Spending Ratio

94% of expenses go to programs

40%

Revenue & Stability

$12.0M annual revenue

15%

Executive Compensation

$590K total officer comp (4.9% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$172.7M 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.