MASS BAY 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

1936

Legal Domicile

Principal Officer

THERESA DORILAS

Phone

6172692700

Tax Period

2025-01-01 to 2025-12-31

MASS BAY CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2025. Expenses of $17.1M left a modest 11% surplus.

Mission

A FULL SERVICE FINANCIAL INSTITUTION THAT STRIVES TO PROVIDE THE HIGHEST LEVEL OF SERVICE AND PERSONAL ATTENTION TO ALL OF THEIR MEMBERS, WHILE CONTINUALLY TRYING TO EXPAND AND REFINE THEIR PRODUCTS AND SERVICE, OFFERING TO BEST MEET THEIR NEEDS, AT HIGHLY COMPETITIVE RATES AND UNSURPASSED VALUE.

Program Service Accomplishments

Program 1

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS BY PROVIDING ACCESS TO LOANS AND ACCEPT DEPOSITS. AS OF 12/31/25 $306,724,174 OF LOANS WERE DUE FROM MEMBERS AND $253,680,568 OF DEPOSITS WERE RECEIVED...

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS BY PROVIDING ACCESS TO LOANS AND ACCEPT DEPOSITS. AS OF 12/31/25 $306,724,174 OF LOANS WERE DUE FROM MEMBERS AND $253,680,568 OF DEPOSITS WERE RECEIVED FROM MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,873,383

Investment Income $1,367,928

Other Revenue $0

TOTAL REVENUE $19,241,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,368,817

Fundraising Expenses $0

Other Expenses $11,737,161

TOTAL EXPENSES $17,105,978

Year-over-Year Comparison

	2025	2024	Change
Revenue	$19,241,311	$19,306,715	0.0%
Expenses	$17,105,978	$17,599,264	0.0%
Net Income	$2,135,333	$1,707,451	+0.3%

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

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

$926,372

Total Directors

$4,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA DORILAS	PRESIDENT & CEO	40.00	Officer	$365,818	$55,108	$420,926
KELLI CULLEN	COO	40.00	Officer	$204,027	$62,680	$266,707
ANTHONY BONOMO	CFO	40.00	Officer	$197,581	$38,921	$236,502
JEREMIAH P AHERN	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$384	$384
WILLIAM VIETZE	FIRST VICE CHAIRPERSON	1.00	Officer Director	$0	$384	$384
KIMBERLY A KENNEDY	SECOND VICE CHAIRPERSON	1.00	Officer Director	$0	$339	$339
BRIAN P DWYER	TREASURER	1.00	Officer Director	$0	$384	$384
DARREN MCAULIFFE	ASSISTANT TREASURER	1.00	Officer Director	$0	$362	$362
MICHAEL T BUGGY	CLERK	1.00	Officer Director	$0	$384	$384
KRISHAUNNA BAPTISTE	DIRECTOR	1.00	Director	$0	$384	$384
MAUREEN A COLLINS	DIRECTOR	1.00	Director	$0	$235	$235
KELLEY DURGIN	DIRECTOR	1.00	Director	$0	$384	$384
JAMES G FLAHERTY	DIRECTOR	1.00	Director	$0	$384	$384
MICHAEL E KEELEY	DIRECTOR	1.00	Director	$0	$250	$250
JOHN KINEAVY	DIRECTOR	1.00	Director	$0	$384	$384
JOSEPH N MOSCA	DIRECTOR	1.00	Director	$0	$250	$250

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
2025	$19,241,311	$17,105,978	$367,122,630	$2,135,333
2024	$19,306,715	$17,599,264	$354,220,720	$1,707,451
2023	$16,486,383	$13,978,307	$349,698,007	$2,508,076
2022	$13,969,003	$9,769,261	$324,262,478	$4,199,742
2021	$12,109,797	$9,763,481	$300,728,924	$2,346,316
2020	$11,362,568	$10,787,213	$273,919,531	$575,355
2019	$12,727,608	$11,117,352	$262,292,406	$1,610,256
2018	$12,308,919	$11,259,877	$246,838,769	$1,049,042