Triangle Credit Union
Triangle Credit Union shows consistent revenue and asset growth, with zero officer compensation reported on 990s.
EIN: 20223137 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.9M |
| Total Expenses | $36.4M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $54.5M |
| Transparency Score | 60/100 |
Is Triangle Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Triangle Credit Union directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Triangle Credit Union
Triangle Credit Union (EIN: 20223137) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $47.9M and total assets of $865.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triangle Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Triangle Credit Union is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37.4M |
| Total Expenses | $36.4M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $865.7M |
| Total Liabilities | $811.2M |
| Net Assets | $54.5M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 93.7% |
| Months of Reserves | 285.7 months |
Financial Health Grade: A
In 2023, Triangle Credit Union reported a surplus of $1.0M with revenue exceeding expenses, holds 285.7 months of operating reserves (strong position), has a debt-to-asset ratio of 93.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Triangle Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +26.6% | -5.6% |
| 2022 | +1.4% | +6.4% | +4.5% |
| 2021 | -9.1% | -12.5% | +6.1% |
| 2020 | +1.9% | +3.1% | +14.6% |
| 2019 | +11.6% | +16.5% | +5.7% |
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 Triangle Credit Union with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Triangle Credit Union allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation for Triangle Credit Union across all available periods. This is highly unusual for an organization with annual revenues exceeding $30 million and assets approaching $1 billion, suggesting that executive compensation may be reported through other means or is not considered 'officer compensation' in the context of these specific filings, which could be a transparency concern.
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 Triangle Credit Union's IRS 990 filings:
- Consistent reporting of 0% officer compensation on 990s for a large financial institution, raising transparency questions about executive pay disclosure.
- NTEE code is unknown, which can make it difficult to categorize and compare the organization's activities with similar entities.
Strengths
The following positive indicators were identified for Triangle Credit Union:
- Consistent revenue growth over the past decade, from $22.6 million in 2014 to $37.3 million in 2023.
- Significant asset growth, increasing from $523.4 million in 2014 to $865.7 million in 2023, indicating strong financial stability.
- Positive net income (revenue exceeding expenses) in all reported periods, demonstrating operational sustainability.
Frequently Asked Questions about Triangle Credit Union
Is Triangle Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Triangle Credit Union (EIN: 20223137) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Triangle Credit Union spend its money?
Triangle Credit Union directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Triangle Credit Union tax-deductible?
Triangle Credit Union is registered as a tax-exempt nonprofit (EIN: 20223137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Triangle Credit Union CEO make?
Triangle Credit Union's highest-compensated officer earns $30 annually. The organization reported $47.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Triangle Credit Union's spending goes to programs?
Triangle Credit Union directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Triangle Credit Union located?
Triangle Credit Union is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20223137.
How many years of IRS 990 filings does Triangle Credit Union have?
Triangle 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 $47.9M in total revenue.
Is Triangle Credit Union a good charity?
Triangle Credit Union is a financial institution, not a traditional charity. Its mission is to serve its members, not to engage in charitable program spending in the typical sense. Therefore, evaluating it as a 'charity' using standard metrics is not appropriate.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation on the IRS 990 filings for an organization of this size is highly unusual. It suggests that executive compensation might be reported on different forms, or that the individuals in leadership roles are not classified as 'officers' for 990 reporting purposes, which could limit transparency regarding executive pay.
How has Triangle Credit Union's financial health changed over time?
Triangle Credit Union has demonstrated strong financial growth. Its revenue increased from $22.6 million in 2014 to $37.3 million in 2023, and assets grew from $523.4 million to $865.7 million over the same period, indicating a robust and expanding financial position.
Filing History
IRS 990 filing history for Triangle Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Triangle Credit Union's revenue has grown by 61.4%, moving from $23.2M to $37.4M. Total assets increased by 77.9% over the same period, from $486.6M to $865.7M. Total functional expenses rose by 72%, from $21.1M to $36.4M. In its most recent filing year (2023), Triangle Credit Union reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $811.2M in liabilities against $865.7M in assets (debt-to-asset ratio: 93.7%), resulting in net assets of $54.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37.4M | $36.4M | $865.7M | $811.2M | — | — |
| 2022 | $30.8M | $28.7M | $916.9M | $869.6M | — | View 990 |
| 2021 | $30.4M | $27.0M | $877.3M | $818.4M | — | View 990 |
| 2020 | $33.4M | $30.8M | $826.7M | $772.6M | — | — |
| 2019 | $32.8M | $29.9M | $721.3M | $669.1M | — | View 990 |
| 2018 | $29.4M | $25.7M | $682.5M | $633.8M | — | View 990 |
| 2017 | $26.9M | $24.3M | $665.5M | $618.4M | — | View 990 |
| 2016 | $25.7M | $23.5M | $630.8M | $586.1M | — | View 990 |
| 2015 | $24.0M | $21.8M | $573.0M | $530.8M | — | View 990 |
| 2014 | $22.6M | $20.7M | $523.5M | $482.4M | — | View 990 |
| 2013 | $22.5M | $20.6M | $507.8M | $468.0M | — | View 990 |
| 2012 | $23.2M | $20.4M | $487.4M | $450.2M | — | View 990 |
| 2011 | $23.2M | $21.1M | $486.6M | $452.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.4M, expenses of $36.4M, and assets of $865.7M (revenue +21.4% year-over-year).
- 2022: Revenue of $30.8M, expenses of $28.7M, and assets of $916.9M (revenue +1.4% year-over-year).
- 2021: Revenue of $30.4M, expenses of $27.0M, and assets of $877.3M (revenue -9.1% year-over-year).
- 2020: Revenue of $33.4M, expenses of $30.8M, and assets of $826.7M (revenue +1.9% year-over-year).
- 2019: Revenue of $32.8M, expenses of $29.9M, and assets of $721.3M (revenue +11.6% year-over-year).
- 2018: Revenue of $29.4M, expenses of $25.7M, and assets of $682.5M (revenue +9.2% year-over-year).
- 2017: Revenue of $26.9M, expenses of $24.3M, and assets of $665.5M (revenue +4.6% year-over-year).
- 2016: Revenue of $25.7M, expenses of $23.5M, and assets of $630.8M (revenue +6.9% year-over-year).
- 2015: Revenue of $24.0M, expenses of $21.8M, and assets of $573.0M (revenue +6.4% year-over-year).
- 2014: Revenue of $22.6M, expenses of $20.7M, and assets of $523.5M (revenue +0.3% year-over-year).
- 2013: Revenue of $22.5M, expenses of $20.6M, and assets of $507.8M (revenue -2.7% year-over-year).
- 2012: Revenue of $23.2M, expenses of $20.4M, and assets of $487.4M (revenue +-0.0% year-over-year).
- 2011: Revenue of $23.2M, expenses of $21.1M, and assets of $486.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Triangle Credit Union:
Data Sources and Methodology
This transparency report for Triangle 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.