LOWELL FIREFIGHTERS CREDIT UNION (EIN 041558025) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

MICHAEL BOLDRIGHINI

Phone

9784532734

Tax Period

2023-01-01 to 2023-12-31

LOWELL FIREFIGHTERS CREDIT UNION, founded in 1963, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $997K left a modest 10% surplus.

Mission

CREDIT UNION MEMBER THRIFT

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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 $693,643

Investment Income $284,117

Other Revenue $125,435

TOTAL REVENUE $1,103,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,376

Fundraising Expenses $0

Program Expenses $997,132

Other Expenses $654,583

TOTAL EXPENSES $997,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,103,195	N/A	N/A
Expenses	$997,133	$863,910	+0.2%
Net Income	$106,062	$-863,910	-1.1%

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

$78,935

Total Directors

$78,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOLDRIGHINI	DIRECTORCEOTREASURER	28.00	Officer Director	$64,205	$0	$64,205
DAVID PROVENCHER	DIRECTORVICE PRESIDEN	4.000	Officer Director	$14,730	$0	$14,730
PATRICK R MCCABE JR	DIRECTOR	2.000	Director	$0	$0	$0
ROBERT A BENNET	DIRECTOR	2.000	Director	$0	$0	$0
RONALD J BOUCHARD	DIRECTOR	2.000	Director	$0	$0	$0
ROBERT W LITTLEFIELD	DIRECTOR	2.000	Director	$0	$0	$0
PAUL D CRONK JR	DIRECTORSECRETARY	4.000	Officer Director	$0	$0	$0
JASON T STRUNK	DIRECTORPRESIDENT	4.000	Officer Director	$0	$0	$0
BARRY F GANNON	DIRECTOR	2.000	Director	$0	$0	$0

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	$1,103,195	$997,133	$27,126,254	$106,062
2022	$945,854	$863,910	$28,482,603	$81,944
2021	$812,586	$737,716	$26,588,905	$74,870
2020	$748,990	$722,577	$24,508,998	$26,413
2019	$793,488	$744,932	$18,974,148	$48,556
2018	$759,748	$693,769	$16,899,511	$65,979

LOWELL FIREFIGHTERS CREDIT UNION