Freudenberg Nok Employees Credit Union
Freudenberg Nok Employees Credit Union reports significant deficit with expenses exceeding revenue by over tenfold in 2022.
EIN: 20256463 · Bristol, NH · Updated: 2026-03-28
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Freudenberg Nok Employees Credit Union is mapped to EIN 20256463.
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| Metric | Value |
|---|---|
| Total Revenue | $42K |
| Total Expenses | $547K |
| Program Spending | 90% |
| Net Assets | $99K |
| Transparency Score | 40/100 |
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Freudenberg Nok Employees Credit Union Form 990, Revenue, CEO Pay, and IRS Filing Signals
Freudenberg Nok Employees Credit Union is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Freudenberg Nok Employees Credit Union in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $42K and expenses of $547K.
Revenue and Expenses
Freudenberg Nok Employees Credit Union reported $42K in revenue and $547K in expenses, a deficit of $505K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Freudenberg Nok Employees Credit Union Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
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Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $492K (90%) |
Across stored filings, Freudenberg Nok Employees Credit Union shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and category context |
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Freudenberg Nok Employees Credit Union directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freudenberg Nok Employees Credit Union
Freudenberg Nok Employees Credit Union (EIN: 20256463) is a nonprofit organization based in Bristol, NH. The organization reported total revenue of $42K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freudenberg Nok Employees Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freudenberg Nok Employees Credit Union is a micro nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $547K |
| Surplus / Deficit | $-504,650 |
| Total Assets | $1.6M |
| Total Liabilities | $1.5M |
| Net Assets | $99K |
| Operating Margin | -1192.5% |
| Debt-to-Asset Ratio | 93.9% |
| Months of Reserves | 35.6 months |
Financial Health Grade: C
In 2022, Freudenberg Nok Employees Credit Union reported a deficit of $505K with expenses exceeding revenue, holds 35.6 months of operating reserves (strong position), has a debt-to-asset ratio of 93.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2022), Freudenberg Nok Employees Credit Union's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -13.0% | +389.9% | -32.9% |
| 2021 | -37.5% | +46.4% | -8.9% |
| 2020 | -15.4% | -9.2% | +1.8% |
| 2019 | +32.0% | +20.4% | -5.5% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freudenberg Nok Employees Credit Union with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Freudenberg Nok Employees Credit Union allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $505K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Freudenberg Nok Employees Credit Union's IRS 990 filings:
- Expenses ($546,967) significantly exceeded revenue ($42,317) in 2022, indicating a substantial operating deficit.
- A sharp increase in expenses in 2022 compared to prior years (e.g., $111,657 in 2021) without a corresponding increase in revenue.
- Declining revenue trend from $92,088 in 2019 to $42,317 in 2022.
Strengths
The following positive indicators were identified for Freudenberg Nok Employees Credit Union:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive pay.
- Maintains substantial assets ($1,623,586 in 2022) despite recent financial challenges.
Frequently Asked Questions about Freudenberg Nok Employees Credit Union
Is Freudenberg Nok Employees Credit Union a legitimate charity?
Freudenberg Nok Employees Credit Union (EIN: 20256463) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $42K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Freudenberg Nok Employees Credit Union spend its money?
Freudenberg Nok Employees Credit Union directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Freudenberg Nok Employees Credit Union tax-deductible?
Freudenberg Nok Employees Credit Union is registered as a tax-exempt nonprofit (EIN: 20256463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freudenberg Nok Employees Credit Union located?
Freudenberg Nok Employees Credit Union is headquartered in Bristol, New Hampshire and files with the IRS under EIN 20256463.
How many years of IRS 990 filings does Freudenberg Nok Employees Credit Union have?
Freudenberg Nok Employees Credit Union has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $42K in total revenue.
What caused the dramatic increase in expenses from $111,657 in 2021 to $546,967 in 2022?
The provided data does not specify the nature of these expenses, but this significant jump is the primary driver of the large deficit in the latest filing.
Is Freudenberg Nok Employees Credit Union financially sustainable given its recent spending patterns?
Based on the 2022 filing where expenses ($546,967) far exceeded revenue ($42,317), the current spending pattern is not sustainable and will lead to rapid asset depletion if not addressed.
How does the organization plan to address the significant deficit reported in 2022?
The provided IRS 990 data does not offer insights into future financial strategies or plans to mitigate the deficit.
Filing History
IRS 990 filing history for Freudenberg Nok Employees Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Freudenberg Nok Employees Credit Union's revenue has declined by 43.9%, moving from $75K to $42K. Total assets decreased by 19.5% over the same period, from $2.0M to $1.6M. Total functional expenses rose by 674.5%, from $71K to $547K. In its most recent filing year (2022), Freudenberg Nok Employees Credit Union reported a deficit of $505K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.6M in assets (debt-to-asset ratio: 93.9%), resulting in net assets of $99K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $42K | $547K | $1.6M | $1.5M | — | View 990 |
| 2021 | $49K | $112K | $2.4M | $1.8M | — | — |
| 2020 | $78K | $76K | $2.7M | $2.0M | — | — |
| 2019 | $92K | $84K | $2.6M | $1.9M | — | View 990 |
| 2019 | $70K | $70K | $2.8M | $2.1M | — | — |
| 2018 | $70K | $70K | $2.8M | $2.1M | — | — |
| 2017 | $51K | $51K | $2.7M | $2.0M | — | View 990 |
| 2016 | $48K | $47K | $2.6M | $1.9M | — | View 990 |
| 2015 | $52K | $53K | $2.5M | $1.8M | — | View 990 |
| 2014 | $58K | $58K | $2.3M | $1.6M | — | View 990 |
| 2013 | $63K | $63K | $2.0M | $1.3M | — | View 990 |
| 2012 | $75K | $73K | $2.0M | $1.3M | — | View 990 |
| 2011 | $75K | $71K | $2.0M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $42K, expenses of $547K, and assets of $1.6M (revenue -13.0% year-over-year).
- 2021: Revenue of $49K, expenses of $112K, and assets of $2.4M (revenue -37.5% year-over-year).
- 2020: Revenue of $78K, expenses of $76K, and assets of $2.7M (revenue -15.4% year-over-year).
- 2019: Revenue of $92K, expenses of $84K, and assets of $2.6M (revenue +32.0% year-over-year).
- 2019: Revenue of $70K, expenses of $70K, and assets of $2.8M (revenue +0.0% year-over-year).
- 2018: Revenue of $70K, expenses of $70K, and assets of $2.8M (revenue +36.6% year-over-year).
- 2017: Revenue of $51K, expenses of $51K, and assets of $2.7M (revenue +7.2% year-over-year).
- 2016: Revenue of $48K, expenses of $47K, and assets of $2.6M (revenue -8.1% year-over-year).
- 2015: Revenue of $52K, expenses of $53K, and assets of $2.5M (revenue -10.7% year-over-year).
- 2014: Revenue of $58K, expenses of $58K, and assets of $2.3M (revenue -7.4% year-over-year).
- 2013: Revenue of $63K, expenses of $63K, and assets of $2.0M (revenue -15.9% year-over-year).
- 2012: Revenue of $75K, expenses of $73K, and assets of $2.0M (revenue -1.2% year-over-year).
- 2011: Revenue of $75K, expenses of $71K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freudenberg Nok Employees Credit Union:
Data Sources and Methodology
This transparency report for Freudenberg Nok Employees Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.