Holy Rosary Regional Credit Union
Holy Rosary Regional Credit Union shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 20272024 · Rochester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.6M |
| Total Expenses | $17.6M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $32.9M |
| Transparency Score | 85/100 |
Is Holy Rosary Regional Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Rosary Regional Credit Union directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holy Rosary Regional Credit Union
Holy Rosary Regional Credit Union (EIN: 20272024) is a nonprofit organization based in Rochester, NH. The organization reported total revenue of $20.6M and total assets of $423.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Rosary Regional Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Rosary Regional Credit Union is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.6M |
| Total Expenses | $17.6M |
| Surplus / Deficit | +$3.0M |
| Total Assets | $423.8M |
| Total Liabilities | $391.0M |
| Net Assets | $32.9M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 288.7 months |
Financial Health Grade: A
In 2023, Holy Rosary Regional Credit Union reported a surplus of $3.0M with revenue exceeding expenses, holds 288.7 months of operating reserves (strong position), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holy Rosary Regional Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +22.7% | +2.6% |
| 2022 | +9.3% | +6.9% | +3.5% |
| 2021 | +0.8% | -2.9% | +18.8% |
| 2020 | -2.9% | -3.8% | +8.7% |
| 2019 | +9.9% | +13.4% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Holy Rosary Regional Credit Union with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Holy Rosary Regional Credit Union allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $20 million in annual revenue and $423 million in assets. This suggests that executive compensation may be categorized differently or that the leadership is entirely volunteer-based, requiring further clarification for full transparency.
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 Holy Rosary Regional Credit Union's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s for a large financial institution, warranting further inquiry into executive remuneration.
- NTEE code listed as 'Unknown', hindering direct peer comparison and clear classification.
Strengths
The following positive indicators were identified for Holy Rosary Regional Credit Union:
- Consistent and strong revenue growth, from $10.4M in 2014 to $20.6M in 2023.
- Significant asset growth, from $206M in 2014 to $423M in 2023, indicating financial stability.
- Positive net income consistently maintained, with expenses always below revenue.
- Strong financial health and operational expansion over the past decade.
Frequently Asked Questions about Holy Rosary Regional Credit Union
Is Holy Rosary Regional Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Rosary Regional Credit Union (EIN: 20272024) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Holy Rosary Regional Credit Union spend its money?
Holy Rosary Regional Credit Union directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holy Rosary Regional Credit Union tax-deductible?
Holy Rosary Regional Credit Union is registered as a tax-exempt nonprofit (EIN: 20272024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holy Rosary Regional Credit Union CEO make?
Holy Rosary Regional Credit Union's highest-compensated officer earns $20 annually. The organization reported $20.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Holy Rosary Regional Credit Union located?
Holy Rosary Regional Credit Union is headquartered in Rochester, New Hampshire and files with the IRS under EIN 20272024.
How many years of IRS 990 filings does Holy Rosary Regional Credit Union have?
Holy Rosary Regional 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 $20.6M in total revenue.
How are the executives and key employees compensated if 'Officer Comp' is consistently reported as 0%?
The IRS 990 filings for Holy Rosary Regional Credit Union consistently show 0% for officer compensation. This is highly unusual for an organization of its size and financial activity. It suggests that compensation for key management might be reported under different expense categories, or that the leadership is entirely volunteer-based. Further investigation into their detailed financial statements would be needed to understand executive remuneration practices.
What specific services or programs does Holy Rosary Regional Credit Union provide to its members and community?
As a credit union, its primary 'programs' involve providing financial services to its members, such as savings accounts, checking accounts, loans (mortgage, auto, personal), and other banking products. The 990 filings do not detail specific program names, but the core mission of a credit union is to serve its member-owners.
Why is the NTEE code listed as 'Unknown'?
The NTEE (National Taxonomy of Exempt Entities) code helps classify nonprofits by their primary purpose. An 'Unknown' NTEE code can make it harder to benchmark the organization against similar entities and understand its specific charitable focus. This could be due to an oversight in reporting or a unique organizational structure not easily categorized.
What is the organization's strategy for managing its growing liabilities, which have increased from $187 million to $390 million over the past decade?
For a credit union, liabilities primarily consist of member deposits. The growth in liabilities from $187 million in 2014 to $390 million in 2023 is a natural consequence of increased membership and deposits, which is generally a positive indicator of member trust and growth. The organization's assets have grown proportionally, indicating sound management of these liabilities.
Filing History
IRS 990 filing history for Holy Rosary Regional Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holy Rosary Regional Credit Union's revenue has grown by 126%, moving from $9.1M to $20.6M. Total assets increased by 145.9% over the same period, from $172.3M to $423.8M. Total functional expenses rose by 123.8%, from $7.9M to $17.6M. In its most recent filing year (2023), Holy Rosary Regional Credit Union reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $391.0M in liabilities against $423.8M in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $32.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.6M | $17.6M | $423.8M | $391.0M | — | — |
| 2022 | $16.9M | $14.4M | $413.2M | $385.4M | — | View 990 |
| 2021 | $15.4M | $13.4M | $399.1M | $369.0M | — | View 990 |
| 2020 | $15.3M | $13.8M | $336.1M | $307.9M | — | View 990 |
| 2019 | $15.8M | $14.4M | $309.1M | $281.8M | — | — |
| 2018 | $14.3M | $12.7M | $282.0M | $256.1M | — | View 990 |
| 2017 | $12.8M | $10.9M | $265.1M | $240.8M | — | View 990 |
| 2016 | $11.8M | $9.8M | $247.8M | $225.3M | — | View 990 |
| 2015 | $11.3M | $9.4M | $223.3M | $202.8M | — | View 990 |
| 2014 | $10.4M | $9.1M | $206.2M | $187.6M | — | View 990 |
| 2013 | $9.8M | $8.5M | $193.2M | $176.0M | — | View 990 |
| 2012 | $9.6M | $8.1M | $184.6M | $168.6M | — | View 990 |
| 2011 | $9.1M | $7.9M | $172.3M | $157.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.6M, expenses of $17.6M, and assets of $423.8M (revenue +22.2% year-over-year).
- 2022: Revenue of $16.9M, expenses of $14.4M, and assets of $413.2M (revenue +9.3% year-over-year).
- 2021: Revenue of $15.4M, expenses of $13.4M, and assets of $399.1M (revenue +0.8% year-over-year).
- 2020: Revenue of $15.3M, expenses of $13.8M, and assets of $336.1M (revenue -2.9% year-over-year).
- 2019: Revenue of $15.8M, expenses of $14.4M, and assets of $309.1M (revenue +9.9% year-over-year).
- 2018: Revenue of $14.3M, expenses of $12.7M, and assets of $282.0M (revenue +12.2% year-over-year).
- 2017: Revenue of $12.8M, expenses of $10.9M, and assets of $265.1M (revenue +8.0% year-over-year).
- 2016: Revenue of $11.8M, expenses of $9.8M, and assets of $247.8M (revenue +5.0% year-over-year).
- 2015: Revenue of $11.3M, expenses of $9.4M, and assets of $223.3M (revenue +8.2% year-over-year).
- 2014: Revenue of $10.4M, expenses of $9.1M, and assets of $206.2M (revenue +6.6% year-over-year).
- 2013: Revenue of $9.8M, expenses of $8.5M, and assets of $193.2M (revenue +2.0% year-over-year).
- 2012: Revenue of $9.6M, expenses of $8.1M, and assets of $184.6M (revenue +5.0% year-over-year).
- 2011: Revenue of $9.1M, expenses of $7.9M, and assets of $172.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Rosary Regional Credit Union:
Data Sources and Methodology
This transparency report for Holy Rosary Regional 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.