LYNN TEACHERS 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

1935

Legal Domicile

Principal Officer

ROGER O POOR

Phone

7815924936

Tax Period

2024-01-01 to 2024-12-31

LYNN TEACHERS CREDIT UNION, founded in 1935, is a small nonprofit that reported $297K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 21% operating margin.

Mission

LYNN TEACHERS CREDIT UNION IS A CORPORATION PROVIDING FINANCIAL SERVICES TO THE TEACHERS AND EMPLOYEES OF THE LYNN SCHOOL DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $35,322

PROVIDED SAVINGS PROGRAMS FOR MEMBERS.

Program 2

PROVIDED LOANS FOR MEMBERS.

Program 3

CONSULTED WITH MEMBERS ABOUT FINANCIAL MATTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $158,360

Investment Income $138,835

Other Revenue $0

TOTAL REVENUE $297,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,369

Fundraising Expenses $0

Program Expenses $35,322

Other Expenses $100,731

TOTAL EXPENSES $235,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,195	$241,595	+0.2%
Expenses	$235,422	$231,011	+0.0%
Net Income	$61,773	$10,584	+4.8%

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

N/A

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

$15,600

Total Directors

$91,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN WHITE	PRES/CEO/AUDIT/INVEST	1.00	Officer Director	$0	$0	$0
ROGER O POOR	TREAS/LOAN OFFICER	15.00	Officer Director	$15,600	$0	$15,600
MAURA DURGIN-SCULLY	CHAIR AUDIT/ INVEST	1.00	Director	$0	$0	$0
JAMES RIDLEY	SECURITY/AUDIT/INVEST	1.00	Director	$0	$0	$0
CHRISTY N OFILOS	VP	1.00	Officer Director	$0	$0	$0
KATHLEEN BOGART	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD MYLETTE	AUDIT/INVEST	1.00	Director	$0	$0	$0
DORINE BRANSFIELD	CREDIT CHAIR	1.00	Director	$0	$0	$0
CHRISOPHER WARREN	CREDIT	1.00	Director	$0	$0	$0
ADELE POLIZZOTTI	MANAGER	30.00	Director	$76,031	$0	$76,031
ADOLPH GRACIALE	DIRECTOR	1.00	Director	$0	$0	$0
GARY MOLEA	CREDIT	1.00	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	$297,195	$235,422	$4,869,740	$61,773
2023	$241,595	$231,011	$5,017,698	$10,584
2022	$142,724	$138,189	$5,274,795	$4,535
2021	$163,693	$123,966	$5,336,731	$39,727
2020	$183,303	$166,474	$5,173,028	$16,829