78
River Works Credit Union
Public Benefit · Lynn, Massachusetts
947 Western Ave, Lynn, MA 01905-2640
EIN: 046061145· Founded: May 1945· 81 years active· Filing Year: 2023
Annual Revenue
$6.4M
Total Expenses
$5.6M
Total Assets
$123.5M
Program Spending
93%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$958K
17.2% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$848K
Total Payroll
$1.8M
32% of total expenses
Where the Money Goes
93%
Programs: 93%
Payroll: 32%
Other overhead: 7%
Program Revenue$5.2M (81%)
Total Expenses$5.6M (87%)
Payroll$1.8M (32%)
Overhead (non-program)7%
Trust Score Breakdown
Program Spending Ratio
93% of expenses go to programs
Revenue & Stability
$6.4M annual revenue
Executive Compensation
$958K total officer comp (17.2% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$123.5M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.