ATHOL CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

LUIS CISNEROS

Phone

9782493527

Tax Period

2023-01-01 to 2023-12-31

ATHOL CREDIT UNION, founded in 1930, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 5% surplus.

Mission

THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.

Program Service Accomplishments

Program 1

ORIGINATION AND MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNTS.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,365,921

Investment Income $238,539

Other Revenue $38,412

TOTAL REVENUE $4,642,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,634,451

Fundraising Expenses $0

Other Expenses $2,764,826

TOTAL EXPENSES $4,399,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,642,872	$4,194,178	+0.1%
Expenses	$4,399,277	$3,449,455	+0.3%
Net Income	$243,595	$744,723	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$486,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CAREY	DIRECTOR	1.00	Director	$0	$0	$0
GLENN EATON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CASELLA	CHAIRMAN	1.00	Director	$0	$0	$0
LEN CROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIANNA DROHEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GONYNOR	VP OF PROJECT MANAGEMENT	40.00	Officer	$99,115	$16,950	$116,065
COURTNEY FIFIELD	PRESIDENT AND CEO UNTIL 4/14/23	40.00	Officer	$47,991	$4,810	$52,801
LINDSAY JAMIESON	VP OF ACCOUNTING UNTIL 9/29/23	40.00	Officer	$73,576	$1,408	$74,984
LUIS CISNEROS	PRESIDENT AND CEO EFF 4/24/23	40.00	Officer	$148,585	$8,678	$157,263
APRIL BRYCE	VP OF LENDING	40.00	Officer	$81,103	$3,964	$85,067

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
2024	No data	No data	No data	No data
2023	$4,642,872	$4,399,277	$90,278,013	$243,595
2022	$4,194,178	$3,449,455	$84,943,474	$744,723
2021	$3,643,738	$3,225,647	$79,397,354	$418,091
2020	$3,437,018	$3,461,203	$78,897,446	$-24,185
2019	$3,728,865	$4,384,402	$93,689,380	$-655,537
2018	$3,872,269	$3,970,030	$95,457,018	$-97,761