MASSACHUSETTS POSTAL EMPLOYEES CREDIT UNION

EIN: 041564035

LYNN, MA

Total Revenue
$1,076,853
Total Expenses
$962,391
Total Assets
$22,711,000
Net Assets
$3,936,033
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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
1926
Legal Domicile
MA
Principal Officer
cornelius crean
Phone
7815926051
Tax Period
2019-01-01 to 2019-12-31

MASSACHUSETTS POSTAL EMPLOYEES CREDIT UNION, founded in 1926, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2019. Expenses of $962K left a modest 11% surplus.

Mission

Provide financial services to postal employees and their families

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,076,853
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,076,853

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,114
Fundraising Expenses $0
Program Expenses $962,382
Other Expenses $266,985
TOTAL EXPENSES $962,391

Year-over-Year Comparison

2019 2018 Change
Revenue $1,076,853 $1,027,346 +0.0%
Expenses $962,391 $883,926 +0.1%
Net Income $114,462 $143,420 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
9

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
0
$0
Total Directors
2
$6,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Coppinger CHAIRMAN 5
Director
$3,000 $0 $3,000
LAWRENCE DAY VICE CHAIRMAN 5
Director
$3,000 $0 $3,000
Cornelius Crean CEO 40
Highest
$121,000 $0 $121,000
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
2019 $1,076,853 $962,391 $22,711,000 $114,462
2018 $1,027,346 $883,926 $23,155,642 $143,420
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