FREUDENBERG-NOK EMPLOYEES CREDIT UNION

EIN: 020256463

BRISTOL, NH

Total Revenue
$42,317
Total Expenses
$546,967
Total Assets
$1,623,586
Net Assets
$99,449
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NH
Principal Officer
MELISSA SHARPGREATCHUS
Phone
6037441617
Tax Period
2022-01-01 to 2022-12-31

FREUDENBERG-NOK EMPLOYEES CREDIT UNION, founded in 1956, is a micro nonprofit that reported $42K in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $547K exceeded revenue, resulting in a 1193% operating deficit.

Mission

PROVIDE MEMBERS WITH LOW COST LOANS SAVINGS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,980
Investment Income $9,713
Other Revenue $624
TOTAL REVENUE $42,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,019
Fundraising Expenses $0
Program Expenses $0
Other Expenses $28,817
TOTAL EXPENSES $546,967

Year-over-Year Comparison

2022 2021 Change
Revenue $42,317 $48,651 -0.1%
Expenses $546,967 $111,657 +3.9%
Net Income $-504,650 $-63,006 +7.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
Employees
2
Volunteers
8

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$94,966
Total Directors
0
$0
Key Employees
1
$94,966
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA SHARP-GREATCHUS MANAGER-TREASURER 0.00
Officer Key Emp
$94,966 $0 $94,966
RENE LEFEBVRE PRESIDENT 0.00
Officer
$0 $0 $0
CHRIS CARSON VISE PRESIDENT 0.00
Officer
$0 $0 $0
MICHELLE MCGUIRE SECRETARY 0.00
Officer
$0 $0 $0
LETTY TOWNE BAORD MEMBER 0.00
Officer
$0 $0 $0
PATTI BARTLET BOARD MEMBER 0.00
Officer
$0 $0 $0
LARRY DENTON BOARD MEMBER 0.00
Officer
$0 $0 $0
NINETTE NORMANDIN BOARD MEMBER 0.00
Officer
$0 $0 $0
EVAN DUANE BOARD MEMBER 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $42,317 $546,967 $1,623,586 $-504,650
2021 $48,651 $111,657 $2,418,377 $-63,006
2020 $77,897 $76,289 $2,654,365 $1,608
Explore More Nonprofits
→Top 100 Nonprofits in New Hampshire →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FREUDENBERG-NOK EMPLOYEES CREDIT UNION with other nonprofits in New Hampshire and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.